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Express Bank of Texas, The

Round Rock, TX · Cert 57532

FDIC

Q4 2005

$42.8MAssets
$19.2MLoans
$38.6MDeposits
$4.1MEquity
Deposit mix
82%Interest-bearing $31.6M18%Noninterest $7.0MQ4 2004Q4 2005

NIM

0.83%Q4 ’033.22%Q4 ’044.57%Q4 ’05+299%+30%

Non-interest income vs. expense

3.51%Q4 ’033.59%Q4 ’043.57%Q4 ’05-1%-14%

Executive Summary

  • Earnings: ROA of -0.46%, up 96 bps year over year; NIM at 2.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 49.57% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

-0.46%+96 bps YoY

Net Interest Margin (YTD, annualized)

2.78%+65 bps YoY

Efficiency Ratio (YTD, annualized)

104.62%-5,052 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets-1.42%-0.24%-0.32%-0.29%-0.46%+96 bps
Return on Equity-9.45%-2.52%-3.29%-2.94%-4.72%+473 bps
Net Interest Margin2.13%2.54%2.62%2.87%2.78%+65 bps
Efficiency Ratio155.14%107.59%103.21%104.23%104.62%-5,052 bps
Non-Interest Burden3.41%2.75%2.72%3.01%2.93%-47 bps
Growth
Asset Growth (YoY)162.32%97.14%38.99%3.99%-7.92%-17,023 bps
Loan Growth (YoY)85.63%52.60%76.18%94.34%49.24%-3,638 bps
Deposit Growth (YoY)228%126.60%46.91%0.74%-7.03%-23,459 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.11%0.04%0.11%0.09%+9 bps
Allowance / Loans0.93%0.85%0.95%0.73%0.82%-12 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 Capital20.16%19.95%17.83%15.90%16.74%-343 bps
Equity / Assets9.79%9.53%9.85%10.03%9.64%-15 bps
Liquidity & Funding
Loans / Deposits30.88%34.21%44.28%59.35%49.57%+1,869 bps
Liquid Assets / Assets2.28%2.32%2.36%2.47%2.46%+19 bps
CRE / Total Capitaln/an/an/an/an/an/an/a