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Live Oak State Bank

Dallas, TX · Cert 57187

FDIC

Q4 2013

$122.1MAssets
$71.8MLoans
$105.0MDeposits
$12.8MEquity
Loan mix
93%RE $46.9M5%C&I $2.7M1%Consumer $0.7MQ4 2012Q4 2013
Deposit mix
64%Interest-bearing $66.7M36%Noninterest $38.3MQ4 2012Q4 2013

NIM

3.80%Q4 ’113.61%Q4 ’123.25%Q4 ’13-3%-9%

Non-interest income vs. expense

2.42%Q4 ’112.25%Q4 ’123.52%Q4 ’13-6%+55%

Executive Summary

  • Earnings: ROA of -0.23%, down 149 bps year over year; NIM at 3.06%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 68.33% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

-0.23%-149 bps YoY

Net Interest Margin (YTD, annualized)

3.06%-29 bps YoY

Efficiency Ratio (YTD, annualized)

106.70%+4,204 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets1.26%1.10%1.07%1.10%-0.23%-149 bps
Return on Equity10.70%9.47%9.31%9.57%-2.02%-1,272 bps
Net Interest Margin3.35%3.18%3.11%3.07%3.06%-29 bps
Efficiency Ratio64.65%67.60%68.04%67.16%106.70%+4,204 bps
Non-Interest Burden2.12%2.05%2.04%1.99%3.28%+116 bps
Growth
Asset Growth (YoY)3.99%5.50%5.86%7.00%2.10%-188 bps
Loan Growth (YoY)3.17%-1.69%0.45%1.47%0.41%-276 bps
Deposit Growth (YoY)4.02%7.40%7.38%8.44%4.45%+43 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.09%-0.04%-0.07%-0.05%-0.03%+5 bps
Allowance / Loans1.56%1.59%1.60%1.57%1.59%+3 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 Capital22.58%22.25%22.17%22.16%20.50%-208 bps
Equity / Assets11.87%11.46%11.29%11.23%10.49%-139 bps
Liquidity & Funding
Loans / Deposits71.08%67.15%68.44%68.12%68.33%-275 bps
Liquid Assets / Assets23.79%22.98%22.35%26.16%25.76%+197 bps
CRE / Total Capitaln/an/an/an/an/an/an/a