Colorado Springs National Bank

Colorado Springs, CO · Cert 18896

FDIC

Q4 2008

$123.5MAssets

$62.0MLoans

$85.2MDeposits

$7.4MEquity

Loan mix

Deposit mix

NIM

Earnings: ROA of -5.70%, down 614 bps year over year; NIM at 1.80%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.27%.
Funding: loans stand at 72.84% of deposits as of Q4 2008.

Return on Assets (quarter, annualized)

-5.70%-614 bps YoY

Net Interest Margin (quarter, annualized)

1.80%-123 bps YoY

Efficiency Ratio (quarter, annualized)

159.49%+8,501 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 2007	Q1 2008	Q2 2008	Q3 2008	Q4 2008	YoY Δ	Trend
Earnings
Return on Assets	0.43%	-17.24%	-0.25%	-2.39%	-5.70%	-614 bps
Return on Equity	3.83%	-191.31%	-3.64%	-34.30%	-85.61%	-8,943 bps
Net Interest Margin	3.03%	3.05%	2.65%	2.87%	1.80%	-123 bps
Efficiency Ratio	74.48%	77.28%	96.85%	86.57%	159.49%	+8,501 bps
Non-Interest Burden	2.18%	19.73%	2.60%	2.48%	3.16%	+98 bps
Growth
Asset Growth (YoY)	9.66%	11.86%	5.99%	-10.92%	-8.89%	-1,855 bps
Loan Growth (YoY)	16.03%	10.94%	3.46%	-1.95%	-22.49%	-3,852 bps
Deposit Growth (YoY)	13.64%	24.41%	6.65%	-8.70%	-3.57%	-1,722 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.08%	0.01%	0.04%	0.07%	2.27%	+219 bps
Allowance / Loans	1.17%	1.52%	1.98%	3.18%	4.99%	+382 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	10.27%	10.28%	10.73%	11.19%	9.93%	-34 bps
Equity / Assets	11.28%	6.85%	6.64%	7.37%	5.99%	-529 bps
Liquidity & Funding
Loans / Deposits	90.61%	80.17%	85.73%	91.04%	72.84%	-1,777 bps
Liquid Assets / Assets	1.00%	11.69%	10.21%	1.54%	15.81%	+1,481 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a