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Letter portraitLegal landscapeQuarterYTD

First National Bank of Santo, The

Santo, TX · Cert 5521

FDIC

Q4 2007

$82.7MAssets
$36.4MLoans
$70.9MDeposits
$11.3MEquity
Loan mix
80%RE $18.6M19%C&I $4.5M1%Consumer $0.2MQ4 2006Q4 2007
Deposit mix
80%Interest-bearing $56.6M20%Noninterest $14.3MQ4 2006Q4 2007

NIM

5.84%Q4 ’056.03%Q4 ’066.10%Q4 ’07-8%-3%

Non-interest income vs. expense

2.96%Q4 ’052.86%Q4 ’063.19%Q4 ’07-5%+24%

Executive Summary

  • Earnings: ROA of 0.75%, down 28 bps year over year; NIM at 3.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.84%.
  • Funding: loans stand at 51.29% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

0.75%-28 bps YoY

Net Interest Margin (YTD, annualized)

3.79%-12 bps YoY

Efficiency Ratio (YTD, annualized)

66.04%+736 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets1.03%1.03%0.90%0.69%0.75%-28 bps
Return on Equity9.84%7.54%6.48%4.90%5.35%-449 bps
Net Interest Margin3.92%3.73%3.88%3.87%3.79%-12 bps
Efficiency Ratio58.68%57.52%60.76%67.42%66.04%+736 bps
Non-Interest Burden2.05%2.16%2.40%2.67%2.54%+49 bps
Growth
Asset Growth (YoY)12.97%8.48%6.23%4.12%1.75%-1,122 bps
Loan Growth (YoY)-5.32%-8.73%-14.17%-11.55%-4.86%+46 bps
Deposit Growth (YoY)6.39%1.31%-1.00%3.43%1.11%-528 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.45%-0.80%-0.39%0.58%0.84%+38 bps
Allowance / Loans5.25%5.63%5.91%5.26%4.68%-57 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 Capital14.90%16.07%17.13%17.19%15.98%+108 bps
Equity / Assets13.42%13.98%14.51%14.68%13.65%+22 bps
Liquidity & Funding
Loans / Deposits54.51%54.18%55.06%54.48%51.29%-322 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a