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Firstbank of Longmont

Longmont, CO · Cert 13084

FDIC

Q3 2010

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: Q3 2010, the quarter ended September 30, 2010, 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

Firstbank of Longmont

Longmont, CO · Cert 13084

FDIC

Q3 2010

$412.0MAssets
$149.7MLoans
$374.1MDeposits
$34.1MEquity
Loan mix
98%RE $122.2M1%C&I $1.2M1%Consumer $0.8MQ3 2009Q3 2010
Deposit mix
86%Interest-bearing $322.9M14%Noninterest $51.3MQ3 2009Q3 2010

NIM

5.47%Q3 ’085.30%Q3 ’094.90%Q3 ’10+18%+3%

Non-interest income vs. expense

2.45%Q3 ’082.55%Q3 ’092.30%Q3 ’10+15%-13%

Executive Summary

  • Earnings: ROA of 2.01%, up 45 bps year over year; NIM at 4.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 40.03% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

2.01%+45 bps YoY

Net Interest Margin (YTD, annualized)

4.25%+13 bps YoY

Efficiency Ratio (YTD, annualized)

44.06%-542 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.56%1.43%1.87%1.91%2.01%+45 bps
Return on Equity22.77%20.53%24.59%24.58%25.50%+273 bps
Net Interest Margin4.12%4.16%4.23%4.27%4.25%+13 bps
Efficiency Ratio49.48%48.99%46.58%45.02%44.06%-542 bps
Non-Interest Burden1.54%1.61%1.48%1.41%1.35%-19 bps
Growth
Asset Growth (YoY)-5.65%-4.00%3.48%3.26%4.77%+1,042 bps
Loan Growth (YoY)14.35%4.08%4.45%7.63%8.88%-547 bps
Deposit Growth (YoY)4.54%6.48%2.50%1.98%4.12%-42 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.19%0.60%0.23%0.12%0.09%-10 bps
Allowance / Loans1.33%1.47%1.41%1.46%1.31%-2 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 Capital15.29%15.83%16.29%17.05%16.76%+147 bps
Equity / Assets7.62%7.47%7.75%8.05%8.29%+67 bps
Liquidity & Funding
Loans / Deposits38.28%37.15%37.85%38.76%40.03%+175 bps
Liquid Assets / Assets30.10%28.74%27.78%26.77%29.90%-20 bps
CRE / Total Capitaln/an/an/an/an/an/an/a