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Lone Star State Bank of West Texas

Lubbock, TX · Cert 58718

FDIC

Q3 2008

$166.4MAssets
$156.3MLoans
$144.8MDeposits
$21.2MEquity
Loan mix
46%RE $45.7M54%C&I $52.7M0%Consumer $0.0MQ4 2007Q3 2008
Deposit mix
71%Interest-bearing $103.0M29%Noninterest $41.8MQ4 2007Q3 2008

NIM

6.14%Q1 ’085.19%Q2 ’085.19%Q3 ’08-12%+10%

Non-interest income vs. expense

4.06%Q1 ’082.75%Q2 ’082.80%Q3 ’08-33%+0%

Executive Summary

  • Earnings: ROA of 0.28%; NIM at 3.35%.
  • Asset quality: problem loans at 0.00% of loans, with net charge-offs at 0.00%.
  • Funding: loans stand at 107.95% of deposits as of Q3 2008.

Financial Results

Return on Assets (quarter, annualized)

0.28%

Net Interest Margin (quarter, annualized)

3.35%

Efficiency Ratio (quarter, annualized)

81.64%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets-1.56%-2.48%-0.39%0.28%n/a
Return on Equityn/a-12.69%-2.67%2.10%n/a
Net Interest Margin0.24%3.48%3.04%3.35%n/a
Efficiency Ratio303%116.31%89.36%81.64%n/a
Non-Interest Burdenn/a4.05%2.72%2.72%n/a
Growth
Asset Growth (YoY)n/an/an/an/an/an/a
Loan Growth (YoY)n/an/an/an/an/an/a
Deposit Growth (YoY)n/an/an/an/an/an/a
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%n/a
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%n/a
Allowance / Loans1.20%1.20%1.20%1.20%n/a
Allowance Coverage of NPLsn/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/a
Total Risk-Based Capital27.77%17.62%15.03%13.41%n/a
Equity / Assets24.97%15.97%13.51%12.72%n/a
Liquidity & Funding
Loans / Deposits171.79%109.23%106.77%107.95%n/a
Liquid Assets / Assets0.00%0.00%0.00%0.00%n/a
CRE / Total Capitaln/an/an/an/an/an/a