PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First State Bank of Taos

Taos, NM · Cert 12261

FDIC

Q4 2010

$2.2BAssets
$1.5BLoans
$1.8BDeposits
$34.5MEquity
Loan mix
83%RE $836.5M17%C&I $169.4M0%Consumer $4.7MQ4 2009Q4 2010
Deposit mix
82%Interest-bearing $1.5B18%Noninterest $0.3BQ4 2009Q4 2010

NIM

5.36%Q4 ’084.08%Q4 ’093.83%Q4 ’10-26%+3%

Non-interest income vs. expense

3.20%Q4 ’083.22%Q4 ’093.69%Q4 ’10+33%+28%

Executive Summary

  • Earnings: ROA of -2.93%, up 118 bps year over year; NIM at 2.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.73%.
  • Funding: loans stand at 83.21% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

-2.93%+118 bps YoY

Net Interest Margin (quarter, annualized)

2.74%+7 bps YoY

Efficiency Ratio (quarter, annualized)

162.00%+4,014 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-4.11%-3.56%-7.38%-3.68%-2.93%+118 bps
Return on Equity-71.25%-74.10%-201%-138.56%-151.99%-8,075 bps
Net Interest Margin2.67%2.55%2.71%2.93%2.74%+7 bps
Efficiency Ratio121.86%103.36%146.97%113.28%162.00%+4,014 bps
Non-Interest Burden3.28%2.69%3.78%3.38%4.18%+91 bps
Growth
Asset Growth (YoY)-19.68%-19.67%-12.20%-19.80%-20.16%-48 bps
Loan Growth (YoY)-26.75%-29.81%-21.53%-23.15%-23.80%+296 bps
Deposit Growth (YoY)-19.40%-20.22%-2.93%-9.67%-9.19%+1,020 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans6.16%5.31%11.31%6.73%3.73%-243 bps
Allowance / Loans6.36%6.83%6.95%7.30%7.40%+104 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 Capital8.31%7.53%5.13%4.01%3.11%-519 bps
Equity / Assets5.35%4.30%3.02%2.25%1.58%-377 bps
Liquidity & Funding
Loans / Deposits99.16%87.22%82.59%84.03%83.21%-1,595 bps
Liquid Assets / Assets5.96%9.23%5.35%8.00%9.80%+384 bps
CRE / Total Capitaln/an/an/an/an/an/an/a