PackageTrendsPeer
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

6.01%Q4 ’056.20%Q4 ’066.36%Q4 ’07-4%+1%

Non-interest income vs. expense

3.49%Q4 ’053.42%Q4 ’063.28%Q4 ’07+7%-11%

Executive Summary

  • Earnings: ROA of 0.94%, up 28 bps year over year; NIM at 4.06%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.66%.
  • Funding: loans stand at 51.29% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

0.94%+28 bps YoY

Net Interest Margin (quarter, annualized)

4.06%+3 bps YoY

Efficiency Ratio (quarter, annualized)

62.34%-337 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.66%1.03%0.76%0.26%0.94%+28 bps
Return on Equity4.75%7.54%5.36%1.81%6.68%+192 bps
Net Interest Margin4.03%3.73%3.86%3.51%4.06%+3 bps
Efficiency Ratio65.71%57.52%64.04%81.80%62.34%-337 bps
Non-Interest Burden2.79%2.16%2.54%2.99%2.50%-29 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 / Loans0.24%-0.80%0.07%2.51%1.66%+142 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