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Home State Bank, The

Loveland, CO · Cert 16902

FDIC · 11 branches

Q2 2016

$884.5MAssets
$452.5MLoans
$750.8MDeposits
$87.9MEquity
Loan mix
84%RE $290.8M15%C&I $51.2M1%Consumer $4.0MQ2 2015Q2 2016
Deposit mix
77%Interest-bearing $576.0M23%Noninterest $174.9MQ2 2015Q2 2016

NIM

3.32%Q2 ’143.32%Q2 ’153.33%Q2 ’16+1%0%

Non-interest income vs. expense

2.74%Q2 ’142.72%Q2 ’152.59%Q2 ’16+4%-22%

Market Position · Fort Collins, CO · 2016 SOD (annual) · 9.9% share · #3 of 28 inst. · $0.7B of $7.3B

9.9% Larimer
0.3% Boulder

Executive Summary

  • Earnings: ROA of 1.70%, up 58 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.17%.
  • Capital: tier 1 leverage ratio of 9.05%, up 65 bps from a year ago.
  • Funding: loans stand at 60.27% of deposits as of Q2 2016.

Financial Results

Return on Assets (YTD, annualized)

1.70%+58 bps YoY

Net Interest Margin (YTD, annualized)

3.09%0 bps YoY

Efficiency Ratio (YTD, annualized)

62.05%-806 bps YoY

Tier 1 Leverage Ratio

9.05%+65 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets1.12%1.38%1.37%1.14%1.70%+58 bps
Return on Equity13.21%16.00%15.83%12.72%18.33%+512 bps
Net Interest Margin3.10%3.11%3.07%3.14%3.09%0 bps
Efficiency Ratio70.12%69.25%68.74%71.73%62.05%-806 bps
Non-Interest Burden1.94%1.90%1.86%2.03%1.51%-43 bps
Growth
Asset Growth (YoY)7.12%6.51%7.04%4.40%2.82%-430 bps
Loan Growth (YoY)3.14%2.45%3.20%-0.27%0.44%-269 bps
Deposit Growth (YoY)5.91%6.77%6.52%7.93%6.63%+72 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.16%-0.14%-0.12%-0.11%-0.17%-2 bps
Allowance / Loans2.08%1.86%1.88%1.96%1.85%-23 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio8.40%8.70%8.52%8.70%9.05%+65 bps
Total Risk-Based Capital14.00%14.97%14.40%15.08%15.35%+135 bps
Equity / Assets8.40%9.00%8.62%9.34%9.94%+154 bps
Liquidity & Funding
Loans / Deposits63.98%61.70%60.55%56.98%60.27%-371 bps
Liquid Assets / Assets0.28%0.12%0.40%2.22%0.32%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a