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First Bank & Trust

Ennis, TX · Cert 57168

FDIC

Q2 2003

$42.1MAssets
$39.4MLoans
$31.8MDeposits
$4.8MEquity
Deposit mix
86%Interest-bearing $27.3M14%Noninterest $4.5MQ2 2002Q2 2003

NIM

8.11%Q4 ’017.69%Q2 ’027.04%Q2 ’03-11%-19%

Non-interest income vs. expense

9.82%Q4 ’015.00%Q2 ’023.78%Q2 ’03-51%-25%

Executive Summary

  • Earnings: ROA of 0.43%, down 240 bps year over year; NIM at 4.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 124.08% of deposits as of Q2 2003.

Financial Results

Return on Assets (quarter, annualized)

0.43%-240 bps YoY

Net Interest Margin (quarter, annualized)

4.67%-108 bps YoY

Efficiency Ratio (quarter, annualized)

76.36%-611 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets2.83%0.23%-0.13%0.21%0.43%-240 bps
Return on Equity13.98%1.36%-0.93%1.69%3.61%-1,037 bps
Net Interest Margin5.75%5.13%4.40%4.34%4.67%-108 bps
Efficiency Ratio82.47%87.63%89.43%83.09%76.36%-611 bps
Non-Interest Burden4.69%4.46%3.92%3.57%3.50%-119 bps
Growth
Asset Growth (YoY)n/a192.33%151.04%81.16%66.92%n/a
Loan Growth (YoY)n/a350%128.24%74.49%69.86%n/a
Deposit Growth (YoY)n/a316%197.19%107.17%82.13%n/a
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.29%0.04%0.05%+5 bps
Allowance / Loans1.03%1.01%1.00%1.00%0.98%-6 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 Capital21.93%18.40%16.63%15.74%13.78%-815 bps
Equity / Assets18.69%15.44%12.60%12.71%11.36%-733 bps
Liquidity & Funding
Loans / Deposits133.04%114.07%105.70%120.32%124.08%-896 bps
Liquid Assets / Assets0.05%0.05%0.06%0.06%0.00%-5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a