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Nixon State Bank

Nixon, TX · Cert 9970

FDIC

Q1 2014

$77.6MAssets
$20.8MLoans
$72.2MDeposits
$5.3MEquity
Loan mix
59%RE $8.7M27%C&I $3.9M14%Consumer $2.1MQ1 2013Q1 2014
Deposit mix
57%Interest-bearing $40.9M43%Noninterest $31.3MQ1 2013Q1 2014

NIM

2.95%Q1 ’122.78%Q1 ’132.53%Q1 ’14-3%-8%

Non-interest income vs. expense

3.35%Q1 ’122.93%Q1 ’133.57%Q1 ’14-11%+29%

Executive Summary

  • Earnings: ROA of -0.64%, up 20 bps year over year; NIM at 2.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.54%.
  • Funding: loans stand at 28.75% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

-0.64%+20 bps YoY

Net Interest Margin (YTD, annualized)

2.44%-22 bps YoY

Efficiency Ratio (YTD, annualized)

121.85%+3,059 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets-0.84%-0.38%0.52%0.21%-0.64%+20 bps
Return on Equity-13.54%-6.19%8.26%3.21%-9.22%+432 bps
Net Interest Margin2.67%2.61%2.57%2.90%2.44%-22 bps
Efficiency Ratio91.26%90.77%74.36%84.35%121.85%+3,059 bps
Non-Interest Burden2.39%2.31%1.58%2.25%3.08%+70 bps
Growth
Asset Growth (YoY)6.65%7.26%-12.03%-15.21%-12.58%-1,923 bps
Loan Growth (YoY)7.23%1.12%-9.13%-18.51%-27.46%-3,469 bps
Deposit Growth (YoY)7.83%8.91%-12.53%-15.90%-13.22%-2,105 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.29%2.44%1.72%1.42%0.54%-175 bps
Allowance / Loans1.90%1.64%1.95%2.10%2.11%+21 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 Capital15.35%16.17%19.27%20.19%20.95%+560 bps
Equity / Assets6.07%5.79%7.33%7.12%6.81%+74 bps
Liquidity & Funding
Loans / Deposits34.39%32.05%34.88%31.60%28.75%-564 bps
Liquid Assets / Assets36.41%35.82%31.13%34.97%39.75%+334 bps
CRE / Total Capitaln/an/an/an/an/an/an/a