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South Padre Bank, National Association

South Padre Island, TX · Cert 34950

FDIC

Q3 2013

$45.4MAssets
$23.6MLoans
$38.4MDeposits
$6.9MEquity
Loan mix
90%RE $15.3M6%C&I $1.1M3%Consumer $0.6MQ3 2012Q3 2013
Deposit mix
80%Interest-bearing $30.8M20%Noninterest $7.6MQ3 2012Q3 2013

NIM

4.33%Q3 ’113.56%Q3 ’123.18%Q3 ’13-21%-15%

Non-interest income vs. expense

2.64%Q3 ’112.51%Q3 ’122.64%Q3 ’13-7%+11%

Executive Summary

  • Earnings: ROA of 0.07%, down 41 bps year over year; NIM at 2.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 61.47% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

0.07%-41 bps YoY

Net Interest Margin (quarter, annualized)

2.47%-44 bps YoY

Efficiency Ratio (quarter, annualized)

98.71%+2,080 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.48%0.50%0.78%0.40%0.07%-41 bps
Return on Equity2.81%3.10%5.13%2.63%0.47%-234 bps
Net Interest Margin2.92%3.07%2.80%2.95%2.47%-44 bps
Efficiency Ratio77.90%76.07%65.31%80.53%98.71%+2,080 bps
Non-Interest Burden2.21%2.28%1.63%2.33%2.44%+23 bps
Growth
Asset Growth (YoY)11.66%11.84%8.37%4.23%3.43%-823 bps
Loan Growth (YoY)-9.17%-11.95%-7.87%-7.62%-5.88%+329 bps
Deposit Growth (YoY)13.96%16.82%12.44%6.59%5.73%-823 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%-0.16%0.00%0.00%0 bps
Allowance / Loans1.71%1.68%1.71%1.83%1.82%+11 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital37.19%31.58%33.50%36.35%31.58%-561 bps
Equity / Assets16.94%15.36%15.19%15.46%15.17%-177 bps
Liquidity & Funding
Loans / Deposits69.05%68.64%67.45%63.95%61.47%-758 bps
Liquid Assets / Assets32.93%30.85%34.92%38.34%40.89%+795 bps
CRE / Total Capitaln/an/an/an/an/an/an/a