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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

6.29%Q4 ’015.37%Q4 ’02-12.61%Q4 ’03-1%-345%

Non-interest income vs. expense

2.69%Q4 ’013.09%Q4 ’02-5.83%Q4 ’03+18%-281%

Executive Summary

  • Earnings: ROA of 0.15%, down 92 bps year over year; NIM at -9.49%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 4.42%.
  • Funding: loans stand at 89.02% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

0.15%-92 bps YoY

Net Interest Margin (quarter, annualized)

-9.49%-1,336 bps YoY

Efficiency Ratio (quarter, annualized)

59.66%-1,468 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets1.07%1.74%1.61%-2.72%0.15%-92 bps
Return on Equity9.16%14.66%13.66%-23.39%1.41%-775 bps
Net Interest Margin3.87%4.08%3.68%3.99%-9.49%-1,336 bps
Efficiency Ratio74.34%59.85%59.69%53.11%59.66%-1,468 bps
Non-Interest Burden2.80%2.31%2.09%1.97%-5.08%-788 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-0.09%0.00%0.00%4.73%-4.42%-433 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