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First Victoria National Bank

Victoria, TX · Cert 5570

FDIC

Q3 2013

$2.5BAssets
$1.6BLoans
$2.2BDeposits
$258.0MEquity
Loan mix
73%RE $983.5M22%C&I $295.0M5%Consumer $67.2MQ3 2012Q3 2013
Deposit mix
74%Interest-bearing $1.6B26%Noninterest $0.6BQ3 2012Q3 2013

NIM

4.53%Q3 ’114.12%Q3 ’123.87%Q3 ’13-5%-4%

Non-interest income vs. expense

3.59%Q3 ’113.24%Q3 ’122.90%Q3 ’13-11%-15%

Executive Summary

  • Earnings: ROA of 1.22%, up 24 bps year over year; NIM at 3.59%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 75.03% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

1.22%+24 bps YoY

Net Interest Margin (quarter, annualized)

3.59%-13 bps YoY

Efficiency Ratio (quarter, annualized)

59.95%-440 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.97%1.06%1.10%1.14%1.22%+24 bps
Return on Equity9.51%10.56%10.77%11.04%11.67%+216 bps
Net Interest Margin3.73%3.67%3.69%3.61%3.59%-13 bps
Efficiency Ratio64.35%65.17%61.25%59.60%59.95%-440 bps
Non-Interest Burden1.98%2.04%1.86%1.68%1.69%-29 bps
Growth
Asset Growth (YoY)9.55%24.99%25.85%23.09%20.14%+1,058 bps
Loan Growth (YoY)6.82%21.69%19.43%19.26%18.56%+1,175 bps
Deposit Growth (YoY)10.10%25.52%26.23%23.36%19.17%+907 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.23%0.08%0.28%0.38%0.14%-9 bps
Allowance / Loans1.75%1.55%1.55%1.50%1.50%-25 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 Capital13.59%13.07%13.58%13.66%14.18%+59 bps
Equity / Assets9.99%10.13%10.29%10.45%10.44%+46 bps
Liquidity & Funding
Loans / Deposits75.42%75.72%74.79%76.59%75.03%-39 bps
Liquid Assets / Assets10.91%10.81%12.50%9.66%11.75%+84 bps
CRE / Total Capitaln/an/an/an/an/an/an/a