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Bonham State Bank

Bonham, TX · Cert 9021

FDIC

Q3 2007

$89.4MAssets
$41.7MLoans
$78.0MDeposits
$9.9MEquity
Loan mix
78%RE $20.4M22%C&I $5.7M0%Consumer $0.1MQ3 2006Q3 2007
Deposit mix
79%Interest-bearing $61.3M21%Noninterest $16.6MQ3 2006Q3 2007

NIM

4.90%Q3 ’055.30%Q3 ’065.73%Q3 ’07-7%+5%

Non-interest income vs. expense

2.81%Q3 ’052.72%Q3 ’064.06%Q3 ’07-4%+75%

Executive Summary

  • Earnings: ROA of 0.13%, down 80 bps year over year; NIM at 3.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 53.50% of deposits as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

0.13%-80 bps YoY

Net Interest Margin (quarter, annualized)

3.22%+16 bps YoY

Efficiency Ratio (quarter, annualized)

102.74%+3,265 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets0.93%0.83%1.03%1.03%0.13%-80 bps
Return on Equity9.18%8.28%10.07%9.50%1.17%-800 bps
Net Interest Margin3.06%3.07%3.23%3.18%3.22%+16 bps
Efficiency Ratio70.09%74.08%67.95%68.57%102.74%+3,265 bps
Non-Interest Burden1.90%2.05%1.95%1.91%3.33%+143 bps
Growth
Asset Growth (YoY)1.07%-0.27%-10.55%-4.85%-5.00%-606 bps
Loan Growth (YoY)-8.77%-3.82%-0.81%3.84%4.62%+1,339 bps
Deposit Growth (YoY)0.78%-0.77%-12.17%-5.93%-5.17%-594 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.03%0.26%0.24%-0.03%-1 bps
Allowance / Loans1.26%1.21%1.13%1.06%1.08%-18 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 Capital23.26%21.55%22.48%22.10%21.23%-202 bps
Equity / Assets10.39%9.77%10.79%10.87%11.13%+74 bps
Liquidity & Funding
Loans / Deposits48.50%48.22%53.07%52.73%53.50%+501 bps
Liquid Assets / Assets24.65%23.66%23.88%21.80%20.01%-464 bps
CRE / Total Capitaln/an/an/an/an/an/an/a