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Bank of Santa Fe

Santa Fe, NM · Cert 18556

FDIC

Q1 2002

$170.5MAssets
$70.5MLoans
$128.6MDeposits
$28.5MEquity
Loan mix
39%RE $15.9M60%C&I $24.2M1%Consumer $0.3MQ1 2001Q1 2002
Deposit mix
91%Interest-bearing $117.0M9%Noninterest $11.6MQ1 2001Q1 2002

NIM

7.13%Q1 ’012.81%Q1 ’02-52%

Non-interest income vs. expense

4.64%Q1 ’012.77%Q1 ’02-34%

Executive Summary

  • Earnings: ROA of 0.73%, down 115 bps year over year; NIM at 2.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.49%.
  • Funding: loans stand at 54.83% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

0.73%-115 bps YoY

Net Interest Margin (quarter, annualized)

2.54%-270 bps YoY

Efficiency Ratio (quarter, annualized)

75.36%+1,201 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets1.88%1.73%1.65%1.78%0.73%-115 bps
Return on Equityn/a20.34%19.48%21.05%5.73%n/a
Net Interest Margin5.24%5.02%4.94%4.81%2.54%-270 bps
Efficiency Ratio63.34%64.88%66.39%65.18%75.36%+1,201 bps
Non-Interest Burden2.56%2.51%2.60%2.24%1.68%-88 bps
Growth
Asset Growth (YoY)2.72%6.07%5.32%11.06%15.85%+1,313 bps
Loan Growth (YoY)-5.01%-6.66%-7.47%-20.58%-23.26%-1,825 bps
Deposit Growth (YoY)-0.72%4.67%2.68%8.16%2.34%+306 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.42%0.00%0.00%0.49%+51 bps
Allowance / Loans1.29%1.11%1.10%1.31%3.37%+209 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 Capital18.35%16.60%15.74%16.97%13.32%-504 bps
Equity / Assets8.54%8.45%8.49%8.41%16.74%+820 bps
Liquidity & Funding
Loans / Deposits73.13%76.75%73.85%59.07%54.83%-1,829 bps
Liquid Assets / Assets0.34%0.32%0.34%0.33%0.00%-34 bps
CRE / Total Capitaln/an/an/an/an/an/an/a