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Guaranty Bank and Trust Company

Denver, CO · Cert 17482

FDIC · 32 branches

Q4 2018

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 2018, the quarter ended December 31, 2018, 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

Guaranty Bank and Trust Company

Denver, CO · Cert 17482

FDIC · 32 branches

Q4 2018

$3.8BAssets
$2.9BLoans
$3.1BDeposits
$495.3MEquity
Loan mix
77%RE $1.2B20%C&I $0.3B3%Consumer $0.1BQ4 2017Q4 2018
Deposit mix
68%Interest-bearing $2.1B32%Noninterest $1.0BQ4 2017Q4 2018

NIM

2.99%Q4 ’163.73%Q4 ’173.98%Q4 ’18+25%+3%

Non-interest income vs. expense

2.14%Q4 ’162.37%Q4 ’172.27%Q4 ’18+7%-11%

Market Position · Denver-Aurora-Lakewood, CO · 2018 SOD (annual) · 1.7% share · #13 of 69 inst. · $1.5B of $83.9B

11.7% Larimer
2.0% Denver
4.3% Boulder
4.0% Douglas

Executive Summary

  • Earnings: ROA of 1.62%, up 41 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.23% of loans (+3 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 11.37%, up 32 bps from a year ago.
  • Funding: loans stand at 93.49% of deposits as of Q4 2018.

Financial Results

Return on Assets (YTD, annualized)

1.62%+41 bps YoY

Net Interest Margin (YTD, annualized)

3.61%+9 bps YoY

Efficiency Ratio (YTD, annualized)

50.31%-495 bps YoY

Tier 1 Leverage Ratio

11.37%+32 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets1.20%1.57%1.54%1.59%1.62%+41 bps
Return on Equity9.84%12.48%12.39%12.78%12.83%+300 bps
Net Interest Margin3.52%3.63%3.66%3.66%3.61%+9 bps
Efficiency Ratio55.26%51.51%51.95%50.71%50.31%-495 bps
Non-Interest Burden1.67%1.56%1.59%1.52%1.49%-18 bps
Growth
Asset Growth (YoY)9.92%9.48%10.95%8.57%1.91%-801 bps
Loan Growth (YoY)11.44%10.76%11.57%10.13%3.55%-789 bps
Deposit Growth (YoY)9.04%9.66%6.74%5.59%5.27%-377 bps
Asset Quality
Nonperforming Loans / Loans0.20%0.18%0.17%0.17%0.23%+3 bps
Net Charge-Offs / Loans0.04%0.01%0.02%0.02%0.02%-1 bps
Allowance / Loans0.83%0.82%0.83%0.81%0.82%-1 bps
Allowance Coverage of NPLs4.2x4.5x4.9x4.7x3.5x-0.7x
Capital
Tier 1 Leverage Ratio11.05%10.95%10.67%11.10%11.37%+32 bps
Total Risk-Based Capital13.03%13.19%12.82%13.20%13.84%+80 bps
Equity / Assets12.43%12.67%12.23%12.51%13.15%+72 bps
Liquidity & Funding
Loans / Deposits95.05%93.81%96.83%95.27%93.49%-155 bps
Liquid Assets / Assets7.11%7.17%7.56%6.67%6.46%-66 bps
CRE / Total Capitaln/an/an/an/an/an/an/a