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Colorado State Bank of Walsh

Walsh, CO · Cert 11264

FDIC

Q3 2013

$44.0MAssets
$14.2MLoans
$37.7MDeposits
$6.3MEquity
Loan mix
86%RE $6.4M8%C&I $0.6M6%Consumer $0.4MQ3 2012Q3 2013
Deposit mix
83%Interest-bearing $31.1M17%Noninterest $6.6MQ3 2012Q3 2013

NIM

3.92%Q3 ’113.34%Q3 ’122.83%Q3 ’13-9%-7%

Non-interest income vs. expense

2.05%Q3 ’112.13%Q3 ’123.20%Q3 ’13+3%+53%

Executive Summary

  • Earnings: ROA of 0.09%, down 64 bps year over year; NIM at 2.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.20%.
  • Funding: loans stand at 37.65% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

0.09%-64 bps YoY

Net Interest Margin (quarter, annualized)

2.67%-22 bps YoY

Efficiency Ratio (quarter, annualized)

114.98%+4,395 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.73%0.72%0.75%0.87%0.09%-64 bps
Return on Equity5.01%4.98%5.11%6.12%0.64%-437 bps
Net Interest Margin2.89%2.79%2.75%2.85%2.67%-22 bps
Efficiency Ratio71.04%70.86%69.25%63.83%114.98%+4,395 bps
Non-Interest Burden2.02%1.95%1.87%1.79%3.09%+107 bps
Growth
Asset Growth (YoY)11.13%4.21%-1.84%6.66%-2.02%-1,315 bps
Loan Growth (YoY)-6.48%0.22%7.54%-5.78%-7.51%-103 bps
Deposit Growth (YoY)12.64%4.56%-2.32%8.63%-1.53%-1,417 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%0.00%-0.10%-0.08%-0.20%-17 bps
Allowance / Loans1.58%1.51%1.57%1.65%1.81%+23 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 Capital28.28%28.35%29.55%28.34%32.93%+465 bps
Equity / Assets14.31%14.49%14.70%13.79%14.27%-4 bps
Liquidity & Funding
Loans / Deposits40.09%42.43%42.42%38.60%37.65%-243 bps
Liquid Assets / Assets10.48%11.71%11.93%11.99%11.61%+113 bps
CRE / Total Capitaln/an/an/an/an/an/an/a