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Haxtun Community Bank

Haxtun, CO · Cert 16124

FDIC

Q4 2003

$23.2MAssets
$18.6MLoans
$20.8MDeposits
$2.2MEquity
Deposit mix
82%Interest-bearing $17.2M18%Noninterest $3.7MQ4 2002Q4 2003

NIM

6.83%Q4 ’015.61%Q4 ’020.83%Q4 ’030%-83%

Non-interest income vs. expense

2.72%Q4 ’012.89%Q4 ’020.43%Q4 ’03-2%-84%

Executive Summary

  • Earnings: ROA of 0.21%, down 124 bps year over year; NIM at 0.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 89.02% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

0.21%-124 bps YoY

Net Interest Margin (YTD, annualized)

0.66%-327 bps YoY

Efficiency Ratio (YTD, annualized)

53.98%-1,127 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets1.45%1.74%1.68%0.22%0.21%-124 bps
Return on Equity12.61%14.66%14.20%1.88%1.80%-1,081 bps
Net Interest Margin3.93%4.08%3.77%3.94%0.66%-327 bps
Efficiency Ratio65.25%59.85%59.77%57.52%53.98%-1,127 bps
Non-Interest Burden2.39%2.31%2.14%2.13%0.37%-202 bps
Growth
Asset Growth (YoY)-1.82%2.09%-0.21%-5.33%-6.57%-475 bps
Loan Growth (YoY)5.23%-0.67%1.72%2.91%2.88%-236 bps
Deposit Growth (YoY)-2.58%2.18%-0.83%-4.85%-3.84%-126 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.21%0.00%0.00%1.58%0.02%+23 bps
Allowance / Loans1.62%1.78%1.68%2.17%2.06%+44 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 Capital15.72%17.25%16.61%15.91%10.24%-548 bps
Equity / Assets11.89%11.82%11.75%11.54%9.70%-220 bps
Liquidity & Funding
Loans / Deposits83.21%72.67%76.98%81.37%89.02%+581 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a