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Village Bank & Trust, S.S.B.

Lakeway, TX · Cert 35147

FDIC

Q2 2004

$110.9MAssets
$79.3MLoans
$97.3MDeposits
$10.4MEquity
Deposit mix
85%Interest-bearing $82.8M15%Noninterest $14.5MQ2 2003Q2 2004

NIM

6.96%Q2 ’025.92%Q2 ’035.37%Q2 ’04-17%-8%

Non-interest income vs. expense

4.75%Q2 ’024.51%Q2 ’033.78%Q2 ’04-24%+42%

Executive Summary

  • Earnings: ROA of 0.51%, down 67 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.43%.
  • Funding: loans stand at 81.55% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

0.51%-67 bps YoY

Net Interest Margin (quarter, annualized)

3.76%-33 bps YoY

Efficiency Ratio (quarter, annualized)

84.27%+1,385 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets1.18%0.79%0.86%0.69%0.51%-67 bps
Return on Equity11.77%7.99%8.96%7.27%5.45%-632 bps
Net Interest Margin4.09%3.71%4.01%3.63%3.76%-33 bps
Efficiency Ratio70.43%75.40%76.36%78.14%84.27%+1,385 bps
Non-Interest Burden2.21%2.52%3.11%2.76%3.13%+92 bps
Growth
Asset Growth (YoY)-4.02%-5.52%2.13%5.18%3.27%+729 bps
Loan Growth (YoY)-13.60%-11.50%-7.50%-1.09%-1.31%+1,229 bps
Deposit Growth (YoY)0.91%-9.10%0.04%3.22%8.71%+779 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.00%0.40%-0.34%0.43%+41 bps
Allowance / Loans1.03%1.08%0.99%0.96%0.90%-13 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 Capital14.20%13.55%13.36%13.12%13.43%-76 bps
Equity / Assets10.05%9.67%9.43%9.48%9.37%-68 bps
Liquidity & Funding
Loans / Deposits89.82%85.91%79.45%82.87%81.55%-827 bps
Liquid Assets / Assets1.08%0.44%0.32%1.04%1.64%+56 bps
CRE / Total Capitaln/an/an/an/an/an/an/a