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Bank of Denver, The

Denver, CO · Cert 17244

FDIC · 3 branches

Q4 2023

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 2023, the quarter ended December 31, 2023, 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

Bank of Denver, The

Denver, CO · Cert 17244

FDIC · 3 branches

Q4 2023

$275.8MAssets
$209.8MLoans
$235.9MDeposits
$19.9MEquity
Loan mix
88%RE $119.2M1%C&I $0.7M12%Consumer $15.9MQ4 2022Q4 2023
Deposit mix
66%Interest-bearing $155.1M34%Noninterest $80.8MQ4 2022Q4 2023

NIM

2.99%Q4 ’213.64%Q4 ’224.69%Q4 ’23+19%+4%

Non-interest income vs. expense

2.39%Q4 ’212.68%Q4 ’223.21%Q4 ’23+11%+23%

Market Position · Denver-Aurora-Centennial, CO · 2023 SOD (annual) · 0.2% share · #32 of 67 inst. · $0.2B of $114.9B

Executive Summary

  • Earnings: ROA of 0.36%, down 24 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.02% of loans (+2 bps YoY), with net charge-offs at 0.11%.
  • Capital: tier 1 leverage ratio of 9.10%, down 9 bps from a year ago.
  • Funding: loans stand at 88.94% of deposits as of Q4 2023.

Financial Results

Return on Assets (YTD, annualized)

0.36%-24 bps YoY

Net Interest Margin (YTD, annualized)

3.50%+13 bps YoY

Efficiency Ratio (YTD, annualized)

86.67%+1,247 bps YoY

Tier 1 Leverage Ratio

9.10%-9 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets0.60%0.46%0.52%0.58%0.36%-24 bps
Return on Equity8.08%6.76%7.59%8.61%5.22%-286 bps
Net Interest Margin3.37%3.38%3.33%3.40%3.50%+13 bps
Efficiency Ratio74.19%77.43%78.68%77.97%86.67%+1,247 bps
Non-Interest Burden2.44%2.57%2.58%2.61%3.00%+56 bps
Growth
Asset Growth (YoY)-6.60%-1.28%-0.55%-2.17%0.78%+739 bps
Loan Growth (YoY)18.67%15.87%11.64%5.58%6.50%-1,217 bps
Deposit Growth (YoY)-5.07%-4.12%-4.73%-6.63%-7.17%-210 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.02%0.02%+2 bps
Net Charge-Offs / Loans-0.01%0.00%0.00%0.06%0.11%+12 bps
Allowance / Loans0.94%1.23%1.22%1.16%1.05%+10 bps
Allowance Coverage of NPLs206.1xn/a302.4x52.9x52.3x-153.8x
Capital
Tier 1 Leverage Ratio9.19%8.88%8.64%8.89%9.10%-9 bps
Total Risk-Based Capital12.73%13.05%12.68%12.79%12.10%-64 bps
Equity / Assets6.96%6.81%6.89%6.50%7.22%+27 bps
Liquidity & Funding
Loans / Deposits77.53%78.23%81.80%85.90%88.94%+1,141 bps
Liquid Assets / Assets0.75%0.71%1.53%0.82%0.19%-56 bps
CRE / Total Capitaln/an/an/an/an/an/an/a