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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 -0.20%, down 199 bps year over year; NIM at 2.52%.
  • 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 (YTD, annualized)

-0.20%-199 bps YoY

Net Interest Margin (YTD, annualized)

2.52%-233 bps YoY

Efficiency Ratio (YTD, annualized)

84.81%+3,759 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

7.88%Q2 ’068.03%Q2 ’075.11%Q2 ’08-8%-48%

Non-interest income vs. expense

2.65%Q2 ’062.53%Q2 ’072.68%Q2 ’08-1%+17%

Year to date, annualized, through each quarter.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets2.01%1.97%1.75%1.79%1.76%0.09%-0.01%-0.20%-199 bps
Return on Equity19.00%18.62%15.93%15.83%15.19%0.62%-0.02%-0.86%-1,669 bps
Net Interest Margin5.17%4.93%4.82%4.85%4.80%0.93%2.83%2.52%-233 bps
Efficiency Ratio45.84%49.17%48.63%47.22%47.85%64.42%75.54%84.81%+3,759 bps
Non-Interest Burden2.07%2.16%2.09%2.02%2.05%0.64%2.33%2.37%+35 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 / Loans0.05%0.04%0.31%0.22%0.18%0.01%0.11%0.12%-10 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