PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First State Bank

Frankston, TX · Cert 9968

FDIC

Q3 2010

$141.1MAssets
$108.7MLoans
$116.6MDeposits
$16.3MEquity
Loan mix
75%RE $57.2M25%C&I $19.4M0%Consumer $0.1MQ3 2009Q3 2010
Deposit mix
73%Interest-bearing $84.6M27%Noninterest $32.0MQ3 2009Q3 2010

NIM

6.40%Q3 ’085.44%Q3 ’095.35%Q3 ’10-9%+8%

Non-interest income vs. expense

3.35%Q3 ’083.57%Q3 ’093.68%Q3 ’10+13%+4%

Executive Summary

  • Earnings: ROA of 1.10%, up 40 bps year over year; NIM at 4.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.25%.
  • Funding: loans stand at 93.23% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

1.10%+40 bps YoY

Net Interest Margin (YTD, annualized)

4.54%+33 bps YoY

Efficiency Ratio (YTD, annualized)

64.82%-202 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets0.70%0.43%1.16%1.10%1.10%+40 bps
Return on Equity6.58%4.08%10.70%9.99%9.87%+329 bps
Net Interest Margin4.21%4.26%4.37%4.46%4.54%+33 bps
Efficiency Ratio66.84%65.69%62.18%64.38%64.82%-202 bps
Non-Interest Burden2.52%2.48%2.37%2.55%2.63%+11 bps
Growth
Asset Growth (YoY)-1.98%-4.19%-4.11%-3.12%2.25%+423 bps
Loan Growth (YoY)7.15%10.64%12.74%11.83%9.92%+277 bps
Deposit Growth (YoY)-2.46%-4.68%-4.53%-6.18%-2.12%+34 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.25%1.17%0.17%0.35%0.25%0 bps
Allowance / Loans1.33%1.26%1.25%1.14%1.16%-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 Capital16.04%15.39%15.41%15.11%15.77%-27 bps
Equity / Assets11.45%10.59%11.11%11.22%11.59%+14 bps
Liquidity & Funding
Loans / Deposits83.03%79.20%83.40%88.25%93.23%+1,020 bps
Liquid Assets / Assets1.09%2.40%0.73%0.45%0.43%-66 bps
CRE / Total Capitaln/an/an/an/an/an/an/a