Investor Presentaiton
Financial Overview - 1st Quarter 2023
Highlights
Recorded quarterly net income of $3.8 million in the 1st quarter
■ Accumulated other comprehensive loss improved $4.7 million, or 9.5%, to $44.3 million at March 31,
2023 compared to $48.9 million at December 31, 2022. Available for sale securities comprised 98%
of total investment securities at March 31, 2023.
Repurchased 45,975 shares during the 1st quarter
Tangible book value¹ increased 1.8% (7.2% annualized) during the 1st quarter to $17.74 per share
compared to the 4th quarter
Liquidity
Total deposits increased $63.3 million, or 3.0%, at March 31, 2023 to $2.15 billion compared to
$2.08 billion for the December 31, 2022.
Uninsured deposits were 32% of total deposits at March 31, 2023.
Loans and Credit Quality
Total loans, excluding $13.9 million in loans associated with the Alice and Victoria, Texas branches
sold, increased $18.2 million, or 0.9% (3.6% annualized), to $2.11 billion at March 31, 2023
compared to $2.09 billion at December 31, 2022.
Nonperforming loans improved to 0.27% of total loans at March 31, 2023 compared to 0.54% of total
loans at December 31, 2022.
INVESTAR® 1 Non-GAAP financial measure; please see appendix for additional details
HOLDING CORPORATION
2 See page 11 for core metrics.
1st Quarter Results
Balance Sheet (in millions)
Assets
Net Loans
Deposits
Equity
$2,752
$2,079
$2,146
$218
Holding Company Capital
TCE / TA¹
6.48%
Leverage Ratio
8.30%
Common Equity Tier 1 Ratio
9.64%
Tier 1 Ratio
10.06%
Total Risk Weighted Ratio
13.24%
Profitability (1st quarter)
Net Interest Margin
3.13%
ROAA
0.57%
7.04%
$3,812
Pre-Tax, Pre-Provision Income¹
$5,074
ROAE
Net Income
Per Share Information
Tangible Book Value¹
Earnings (Diluted)
Dividends
$17.74
$0.38
$0.095
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