Joseph E. Canon
Executive Director, Dodge Jones Foundation

David Copeland
President, Shelton Family Foundation

Ronnie Cox
Owner, Cox Jewelry

F. Scott Dueser
President and CEO,
First Financial Bankshares, Inc.

David F. Lupton
President, Angelo Glass & Mirror Company, Inc.

Bill Parham
Parham & Parham, CPAs

Kirk W. Thaxton
Chairman

Michael C. Waters, F.A.C.H.E.
Senior Consultant, Hendrick Health Systems

Robert S. Patterson
Consultant

Senior Officers

	Kirk Thaxton President and Chief Executive Officer
	Richard YoungExecutive VP, Abilene
	Konrad Halbert Senior VP, Metroplex
	David Byrd Executive VP San Angelo
	Joe AyresSenior VP, Stephenville
	Michael Sheehan Senior VP, Sweetwater

First Financial Trust & Asset Management Co., N.A., with offices in Abilene, San Angelo, Stephenville, Sweetwater and Fort Worth, produced outstanding results in 2007. Net income increased $473,000 or 22.8 percent from $2.08 million in 2006 to $2.55 million in 2007. Trust fee revenue also showed a significant increase of 14.1 percent when compared to 2006. Total managed assets increased $128 million during 2007 to finish the year with a book value of $1.43 billion, a 9.9 percent increase.

Significant achievements for 2007 were:

• The Trust Company experienced outstanding net income growth of 40.4 percent in San Angelo, 43.6 percent in Stephenville and 33.8 percent in Sweetwater.
• The Abilene office surpassed the $1 billion mark in total assets finishing the year with a book value of $1.02 billion.
• Our Fort Worth office increased assets 85.6 percent to finish the year with total assets of $36.3 million.

Our investment team led by Ralph Gibson produced outstanding results. The investment performance of all four of our equity portfolios exceeded their respective benchmarks. Our experienced team of trust professionals remains committed to providing quality customer service and investment results.