PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Valley State Bank

Lamar, CO · Cert 10412

FDIC

Q2 2006

$99.1MAssets
$73.9MLoans
$82.4MDeposits
$8.8MEquity
Loan mix
69%RE $24.5M30%C&I $10.7M1%Consumer $0.4MQ3 2004Q2 2006
Deposit mix
88%Interest-bearing $72.7M12%Noninterest $9.7MQ3 2004Q2 2006

Executive Summary

  • Earnings: ROA of 2.11%, up 18 bps year over year; NIM at 4.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.84%.
  • Funding: loans stand at 89.72% of deposits as of Q2 2006.

Return on Assets (YTD, annualized)

2.11%+18 bps YoY

Net Interest Margin (YTD, annualized)

4.40%+14 bps YoY

Efficiency Ratio (YTD, annualized)

49.35%-14 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.65%Q2 ’046.05%Q2 ’056.76%Q2 ’06+6%+3%

Non-interest income vs. expense

2.74%Q2 ’042.38%Q2 ’052.52%Q2 ’06-19%-2%

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.59%1.20%2.00%1.93%2.03%1.30%2.13%2.11%+18 bps
Return on Equity14.95%11.17%17.47%16.98%17.90%11.40%18.06%19.49%+251 bps
Net Interest Margin4.21%4.12%4.36%4.26%4.26%4.20%4.30%4.40%+14 bps
Efficiency Ratio55.86%64.16%48.49%49.48%48.25%63.14%51.10%49.35%-14 bps
Non-Interest Burden2.13%2.47%1.90%1.85%1.76%2.46%1.72%1.81%-4 bps
Growth
Asset Growth (YoY)0.63%0.10%-5.77%-1.47%0.08%-3.36%-3.63%-2.05%-58 bps
Loan Growth (YoY)1.59%9.28%8.47%5.36%1.89%-2.04%-2.43%-1.02%-639 bps
Deposit Growth (YoY)-0.61%-1.12%-8.19%-2.60%-1.45%0.71%3.95%4.57%+717 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.19%0.83%-0.10%0.08%0.09%0.98%-0.03%2.84%+276 bps
Allowance / Loans3.52%2.68%2.91%2.99%3.06%2.41%2.63%1.31%-168 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital16.42%16.47%17.34%16.42%16.74%16.87%17.92%13.36%-305 bps
Equity / Assets11.37%11.25%11.63%11.16%11.38%11.39%12.18%8.89%-227 bps
Liquidity & Funding
Loans / Deposits92.84%93.33%94.74%94.79%95.98%90.78%88.93%89.72%-507 bps
Liquid Assets / Assets0.12%0.14%0.05%0.08%0.05%0.23%0.12%0.10%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a