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First Financial Trust & Asset Management Company, National Association

Abilene, TX · Cert 57757

FDIC

Q2 2024

$64.4MAssets
n/aLoans
n/aDeposits
$63.5MEquity

Executive Summary

  • Earnings: ROA of 40.03%, down 84 bps year over year; NIM at 2.22%.
  • Capital: tier 1 leverage ratio of 103.59%, up 20 bps from a year ago.

Return on Assets (quarter, annualized)

40.03%-84 bps YoY

Net Interest Margin (quarter, annualized)

2.22%-26 bps YoY

Efficiency Ratio (quarter, annualized)

35.00%+40 bps YoY

Tier 1 Leverage Ratio

103.59%+20 bps YoY

NIM

1.70%Q2 ’222.49%Q2 ’232.22%Q2 ’24+46%-11%

Non-interest income vs. expense

36.15%Q2 ’2227.13%Q2 ’2327.25%Q2 ’24+20%+1%

Discrete quarter, annualized.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets50.96%45.01%41.91%40.87%39.63%39.55%40.69%40.03%-84 bps
Return on Equity52.57%46.16%42.95%41.62%39.88%39.93%41.62%40.98%-64 bps
Net Interest Margin1.92%2.32%2.35%2.49%2.38%2.15%2.05%2.22%-26 bps
Efficiency Ratio36.25%38.12%35.51%34.60%36.23%37.06%35.49%35.00%+40 bps
Non-Interest Burden-60.97%-51.51%-50.22%-48.79%-46.16%-47.00%-49.47%-48.40%+40 bps
Growth
Asset Growth (YoY)10.93%19.07%26.55%26.32%26.74%18.07%18.02%21.67%-464 bps
Loan Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Deposit Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio102.87%103.12%103.98%103.39%103.68%102.08%104.14%103.59%+20 bps
Total Risk-Based Capital396%441%452%455%373%373%363%370%-8,421 bps
Equity / Assets96.56%98.33%96.91%99.49%99.23%98.91%96.71%98.64%-86 bps
Liquidity & Funding
Loans / Depositsn/an/an/an/an/an/an/an/an/an/a
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a