PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First Citizens Bank of Billings

Billings, MT · Cert 19964

FDIC

Q4 2006

$185.4MAssets
$128.9MLoans
$145.1MDeposits
$31.7MEquity
Loan mix
39%RE $27.5M48%C&I $34.1M12%Consumer $8.8MQ1 2005Q4 2006
Deposit mix
64%Interest-bearing $92.1M36%Noninterest $53.0MQ1 2005Q4 2006

Executive Summary

  • Earnings: ROA of 0.44%, down 73 bps year over year; NIM at 1.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.51%.
  • Funding: loans stand at 88.87% of deposits as of Q4 2006.

Return on Assets (YTD, annualized)

0.44%-73 bps YoY

Net Interest Margin (YTD, annualized)

1.32%-309 bps YoY

Efficiency Ratio (YTD, annualized)

41.90%-1,982 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.57%Q4 ’045.35%Q4 ’051.79%Q4 ’06+12%-70%

Non-interest income vs. expense

3.04%Q4 ’043.17%Q4 ’050.69%Q4 ’06+5%-77%

Year to date, annualized, through each quarter.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets1.24%1.24%1.23%1.18%-1.14%0.11%0.60%0.44%-73 bps
Return on Equity15.96%15.57%15.28%14.36%-13.74%1.32%7.24%4.38%-998 bps
Net Interest Margin4.32%4.34%4.39%4.41%4.37%4.47%4.53%1.32%-309 bps
Efficiency Ratio59.08%59.37%59.78%61.72%66.41%61.92%57.94%41.90%-1,982 bps
Non-Interest Burden2.29%2.26%2.32%2.45%2.72%2.57%2.39%0.56%-189 bps
Growth
Asset Growth (YoY)2.34%-2.04%2.20%-1.38%-1.48%2.37%-1.53%8.78%+1,016 bps
Loan Growth (YoY)11.88%5.98%14.86%8.36%6.46%16.15%11.53%11.62%+326 bps
Deposit Growth (YoY)1.93%-5.99%-3.60%-2.31%-3.36%-3.81%1.15%-3.12%-81 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.09%0.07%0.07%0.11%-0.09%-0.04%0.67%0.51%+40 bps
Allowance / Loans1.63%1.59%1.54%1.50%2.73%2.49%1.98%2.00%+49 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital12.51%12.98%12.99%13.36%11.98%11.94%12.59%11.15%-221 bps
Equity / Assets7.94%8.28%8.44%8.64%7.89%7.92%8.58%17.12%+848 bps
Liquidity & Funding
Loans / Deposits74.72%77.31%80.09%77.14%82.32%93.35%88.31%88.87%+1,173 bps
Liquid Assets / Assets2.05%1.99%0.90%0.75%0.28%0.27%0.25%0.22%-52 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a