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First Bank, Roxton, Texas, The

Roxton, TX · Cert 5503

FDIC

Q2 2009

$19.3MAssets
$11.1MLoans
$18.0MDeposits
$1.2MEquity
Deposit mix
79%Interest-bearing $14.3M21%Noninterest $3.7MQ2 2008Q2 2009

NIM

8.12%Q2 ’076.97%Q2 ’085.54%Q2 ’09-23%-26%

Non-interest income vs. expense

4.68%Q2 ’075.93%Q2 ’084.41%Q2 ’09+60%-32%

Executive Summary

  • Earnings: ROA of -0.27%, up 77 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.54%.
  • Funding: loans stand at 61.68% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

-0.27%+77 bps YoY

Net Interest Margin (quarter, annualized)

3.29%-113 bps YoY

Efficiency Ratio (quarter, annualized)

103.43%-811 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-1.05%-3.02%-2.02%-0.91%-0.27%+77 bps
Return on Equity-15.19%-45.32%-31.92%-15.47%-4.69%+1,050 bps
Net Interest Margin4.42%4.61%3.71%3.51%3.29%-113 bps
Efficiency Ratio111.54%101.53%115.84%109.27%103.43%-811 bps
Non-Interest Burden5.03%4.70%4.49%3.92%3.43%-160 bps
Growth
Asset Growth (YoY)-8.09%-15.79%-14.50%-5.87%-3.30%+480 bps
Loan Growth (YoY)-19.04%-22.39%-23.27%-12.65%1.52%+2,055 bps
Deposit Growth (YoY)-6.34%-13.81%-13.77%-4.47%-2.40%+393 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.56%5.62%-0.27%0.38%0.54%-202 bps
Allowance / Loans1.30%1.20%1.88%1.99%1.78%+48 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 Capital13.36%12.53%12.20%11.60%11.61%-176 bps
Equity / Assets6.74%6.58%6.10%5.70%5.98%-76 bps
Liquidity & Funding
Loans / Deposits59.30%63.94%61.08%59.21%61.68%+238 bps
Liquid Assets / Assets20.61%16.48%22.06%21.40%20.77%+15 bps
CRE / Total Capitaln/an/an/an/an/an/an/a