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Fort Worth National Bank

Fort Worth, TX · Cert 34990

FDIC

Q2 2008

$165.6MAssets
$90.6MLoans
$109.8MDeposits
$36.6MEquity
Loan mix
74%RE $52.5M26%C&I $18.1M0%Consumer $0.0MQ3 2006Q2 2008
Deposit mix
80%Interest-bearing $88.3M20%Noninterest $21.5MQ3 2006Q2 2008

Executive Summary

  • Earnings: ROA of -0.39%, down 222 bps year over year; NIM at 2.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 82.50% of deposits as of Q2 2008.

Return on Assets (quarter, annualized)

-0.39%-222 bps YoY

Net Interest Margin (quarter, annualized)

2.30%-262 bps YoY

Efficiency Ratio (quarter, annualized)

96.33%+5,047 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

8.17%Q2 ’068.12%Q2 ’074.89%Q2 ’08-7%-53%

Non-interest income vs. expense

2.67%Q2 ’062.49%Q2 ’072.71%Q2 ’08-2%+26%

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.96%1.90%1.75%1.84%1.71%-4.45%-0.01%-0.39%-222 bps
Return on Equity17.90%17.58%15.93%15.73%13.99%-23.69%-0.02%-1.70%-1,743 bps
Net Interest Margin5.12%4.97%4.82%4.91%4.83%-9.44%2.83%2.30%-262 bps
Efficiency Ratio46.93%59.14%48.63%45.86%49.11%72.81%75.54%96.33%+5,047 bps
Non-Interest Burden2.15%2.74%2.09%1.97%2.15%-3.02%2.33%2.48%+51 bps
Growth
Asset Growth (YoY)6.23%14.57%8.43%8.33%3.72%18.99%26.32%31.71%+2,338 bps
Loan Growth (YoY)-2.44%-2.92%-0.74%5.01%9.01%9.36%1.33%-14.44%-1,945 bps
Deposit Growth (YoY)10.25%15.87%21.25%25.35%14.73%14.24%13.46%9.72%-1,563 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.31%0.15%0.08%-0.47%0.11%0.12%-4 bps
Allowance / Loans1.06%1.05%0.95%0.90%0.93%0.98%1.20%1.45%+54 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital14.46%13.70%15.19%13.90%15.88%15.51%15.64%17.13%+323 bps
Equity / Assets11.03%10.60%11.40%11.96%12.52%23.77%23.18%22.08%+1,012 bps
Liquidity & Funding
Loans / Deposits108.78%100.79%99.70%105.80%103.36%96.49%89.04%82.50%-2,330 bps
Liquid Assets / Assets2.55%2.33%2.41%2.10%0.83%0.51%0.05%0.01%-209 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a