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Valley National Bank

Espanola, NM · Cert 19245

FDIC · 1 branch

Q4 2014

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 2014, the quarter ended December 31, 2014, 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

Valley National Bank

Espanola, NM · Cert 19245

FDIC · 1 branch

Q4 2014

$169.5MAssets
$48.5MLoans
$149.2MDeposits
$19.8MEquity
Loan mix
83%RE $33.8M12%C&I $4.8M6%Consumer $2.4MQ4 2013Q4 2014
Deposit mix
87%Interest-bearing $130.1M13%Noninterest $19.1MQ4 2013Q4 2014

NIM

3.69%Q4 ’122.98%Q4 ’132.71%Q4 ’14-17%-8%

Non-interest income vs. expense

3.30%Q4 ’123.77%Q4 ’134.04%Q4 ’14+5%+3%

Executive Summary

  • Earnings: ROA of -1.28%, down 19 bps year over year; NIM at 2.26%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 1.84%.
  • Funding: loans stand at 32.51% of deposits as of Q4 2014.

Financial Results

Return on Assets (YTD, annualized)

-1.28%-19 bps YoY

Net Interest Margin (YTD, annualized)

2.26%-19 bps YoY

Efficiency Ratio (YTD, annualized)

151.90%+1,122 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets-1.09%-1.18%-1.14%-1.19%-1.28%-19 bps
Return on Equity-9.41%-11.24%-10.91%-11.11%-11.78%-236 bps
Net Interest Margin2.45%1.97%1.98%2.24%2.26%-19 bps
Efficiency Ratio140.68%150.96%147.46%148.30%151.90%+1,122 bps
Non-Interest Burden3.54%3.12%3.10%3.52%3.65%+11 bps
Growth
Asset Growth (YoY)-6.00%-3.81%-0.48%-12.16%-12.66%-665 bps
Loan Growth (YoY)-30.41%-28.76%-35.48%-29.84%-31.99%-158 bps
Deposit Growth (YoY)-3.11%-2.41%-0.05%-12.95%-13.49%-1,038 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.50%-0.32%-2.05%-1.31%-1.84%-434 bps
Allowance / Loans5.58%6.17%8.09%8.48%10.04%+446 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 Capital27.01%26.83%28.92%30.54%31.42%+441 bps
Equity / Assets10.74%10.20%10.37%11.52%11.68%+95 bps
Liquidity & Funding
Loans / Deposits41.35%36.20%31.77%34.70%32.51%-884 bps
Liquid Assets / Assets27.25%27.52%30.37%28.25%30.49%+324 bps
CRE / Total Capitaln/an/an/an/an/an/an/a