PackageTrendsPeer
Letter portraitLegal landscape

Barnes Banking Company

Kaysville, UT · Cert 1252

FDIC

Q4 2009

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2009, the quarter ended December 31, 2009, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Barnes Banking Company

Kaysville, UT · Cert 1252

FDIC

Q4 2009

$709.2MAssets
$515.1MLoans
$697.1MDeposits
$6.1MEquity
Loan mix
95%RE $433.7M5%C&I $20.7M0%Consumer $2.0MQ4 2008Q4 2009
Deposit mix
87%Interest-bearing $605.8M13%Noninterest $91.3MQ4 2008Q4 2009

NIM

8.61%Q4 ’076.52%Q4 ’084.78%Q4 ’09-28%-46%

Non-interest income vs. expense

2.37%Q4 ’072.33%Q4 ’082.24%Q4 ’09+30%+10%

Executive Summary

  • Earnings: ROA of -11.42%, down 892 bps year over year; NIM at 2.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 14.93%.
  • Funding: loans stand at 73.89% of deposits as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

-11.42%-892 bps YoY

Net Interest Margin (YTD, annualized)

2.25%-190 bps YoY

Efficiency Ratio (YTD, annualized)

125.00%+6,720 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-2.50%-23.27%-11.84%-15.44%-11.42%-892 bps
Return on Equity-19.13%-291%-163.88%-275%-237%-21,791 bps
Net Interest Margin4.15%2.66%2.26%2.25%2.25%-190 bps
Efficiency Ratio57.80%74.47%71.87%119.99%125.00%+6,720 bps
Non-Interest Burden2.45%1.99%1.88%2.54%2.69%+25 bps
Growth
Asset Growth (YoY)10.96%2.06%1.92%-4.36%-26.95%-3,791 bps
Loan Growth (YoY)-6.41%-11.26%-14.00%-21.21%-29.35%-2,294 bps
Deposit Growth (YoY)16.69%13.71%13.62%10.56%-19.01%-3,571 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.95%7.10%11.40%13.77%14.93%+1,198 bps
Allowance / Loans5.24%12.47%10.16%13.86%12.67%+743 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 Capital13.43%6.69%6.15%0.16%2.03%-1,140 bps
Equity / Assets10.37%5.40%5.59%0.05%0.86%-950 bps
Liquidity & Funding
Loans / Deposits84.70%82.85%78.86%73.96%73.89%-1,081 bps
Liquid Assets / Assets0.06%0.03%2.84%4.12%6.95%+689 bps
CRE / Total Capitaln/an/an/an/an/an/an/a