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State National Bank in West, The

West, TX · Cert 5580

FDIC · 1 branch

Q3 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2019, the quarter ended September 30, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

State National Bank in West, The

West, TX · Cert 5580

FDIC · 1 branch

Q3 2019

$75.3MAssets
$14.9MLoans
$68.6MDeposits
$5.6MEquity
Loan mix
52%RE $5.5M29%C&I $3.1M19%Consumer $2.1MQ3 2018Q3 2019
Deposit mix
64%Interest-bearing $43.7M36%Noninterest $25.0MQ3 2018Q3 2019

NIM

2.66%Q3 ’172.78%Q3 ’183.10%Q3 ’19+5%+13%

Non-interest income vs. expense

2.10%Q3 ’172.17%Q3 ’184.26%Q3 ’19+6%+116%

Market Position · Waco, TX · 2019 SOD (annual) · 1.2% share · #16 of 28 inst. · $0.1B of $5.5B

Executive Summary

  • Earnings: ROA of -1.21%, down 179 bps year over year; NIM at 2.88%.
  • Asset quality: problem loans at 1.09% of loans (-82 bps YoY), with net charge-offs at 0.32%.
  • Capital: tier 1 leverage ratio of 7.45%, down 93 bps from a year ago.
  • Funding: loans stand at 21.70% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

-1.21%-179 bps YoY

Net Interest Margin (YTD, annualized)

2.88%+33 bps YoY

Efficiency Ratio (YTD, annualized)

132.76%+5,799 bps YoY

Tier 1 Leverage Ratio

7.45%-93 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets0.58%0.59%0.76%0.71%-1.21%-179 bps
Return on Equity7.02%7.08%9.18%8.43%-14.85%-2,187 bps
Net Interest Margin2.56%2.60%2.86%2.87%2.88%+33 bps
Efficiency Ratio74.77%74.84%69.55%71.77%132.76%+5,799 bps
Non-Interest Burden1.82%1.86%1.88%1.96%3.93%+211 bps
Growth
Asset Growth (YoY)2.20%0.86%4.60%-1.99%-0.49%-270 bps
Loan Growth (YoY)-11.58%-9.84%3.35%1.41%3.06%+1,465 bps
Deposit Growth (YoY)2.33%0.79%4.79%-2.63%-0.91%-324 bps
Asset Quality
Nonperforming Loans / Loans1.91%1.74%2.90%1.39%1.09%-82 bps
Net Charge-Offs / Loans-0.02%-0.03%0.00%-0.01%0.32%+34 bps
Allowance / Loans1.45%1.45%1.36%1.34%1.86%+41 bps
Allowance Coverage of NPLs0.8x0.8x0.5x1.0x1.7x+0.9x
Capital
Tier 1 Leverage Ratio8.39%8.26%8.50%8.62%7.45%-93 bps
Total Risk-Based Capital25.35%24.98%24.28%25.22%22.78%-257 bps
Equity / Assets8.37%8.31%8.23%8.70%7.38%-99 bps
Liquidity & Funding
Loans / Deposits20.87%21.32%22.00%23.34%21.70%+84 bps
Liquid Assets / Assets78.19%78.37%76.52%75.55%77.02%-118 bps
CRE / Total Capitaln/an/an/an/an/an/an/a