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Letter portraitLegal landscapeQuarterYTD

Citizens State Bank of Dickinson, Texas, The

Dickinson, TX · Cert 9017

FDIC

Q2 2003

$312.0MAssets
$98.3MLoans
$242.0MDeposits
$30.5MEquity
Loan mix
74%RE $37.6M24%C&I $12.2M1%Consumer $0.7MQ2 2002Q2 2003
Deposit mix
71%Interest-bearing $171.9M29%Noninterest $70.2MQ2 2002Q2 2003

NIM

9.22%Q2 ’015.00%Q2 ’024.53%Q2 ’03-37%+10%

Non-interest income vs. expense

6.33%Q2 ’014.37%Q2 ’024.33%Q2 ’03-31%+0%

Executive Summary

  • Earnings: ROA of 5.12%, up 466 bps year over year; NIM at 3.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 40.60% of deposits as of Q2 2003.

Financial Results

Return on Assets (quarter, annualized)

5.12%1+466 bps YoY

Net Interest Margin (quarter, annualized)

3.64%+34 bps YoY

Efficiency Ratio (quarter, annualized)

81.77%-555 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.46%0.50%0.97%0.99%5.12%1+466 bps
Return on Equity4.82%5.34%10.75%10.85%54.29%+4,948 bps
Net Interest Margin3.30%3.23%3.38%3.66%3.64%+34 bps
Efficiency Ratio87.32%84.25%72.58%72.26%81.77%-555 bps
Non-Interest Burden2.70%2.50%2.05%2.25%2.70%0 bps
Growth
Asset Growth (YoY)13.52%27.20%22.21%18.97%12.84%-68 bps
Loan Growth (YoY)3.93%4.41%3.75%6.33%7.49%+356 bps
Deposit Growth (YoY)14.60%14.74%7.45%2.90%-1.39%-1,599 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.14%0.12%0.22%0.30%0.00%-14 bps
Allowance / Loans1.50%1.52%1.50%1.46%1.45%-5 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 Capital20.59%19.32%19.38%19.69%22.21%+161 bps
Equity / Assets9.81%8.90%9.09%9.12%9.77%-4 bps
Liquidity & Funding
Loans / Deposits37.24%36.36%37.35%38.97%40.60%+336 bps
Liquid Assets / Assets0.00%0.02%0.04%0.06%0.02%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a