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First Security Bank of Missoula

Missoula, MT · Cert 21010

FDIC

Q1 2012

$1.1BAssets
$565.2MLoans
$733.6MDeposits
$139.2MEquity
Loan mix
79%RE $376.4M16%C&I $76.5M5%Consumer $23.2MQ1 2011Q1 2012
Deposit mix
83%Interest-bearing $611.2M17%Noninterest $122.4MQ1 2011Q1 2012

NIM

5.00%Q1 ’104.38%Q1 ’114.20%Q1 ’12-9%+1%

Non-interest income vs. expense

2.05%Q1 ’101.91%Q1 ’111.85%Q1 ’12-8%+12%

Executive Summary

  • Earnings: ROA of 0.99%, up 23 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.79%.
  • Funding: loans stand at 77.05% of deposits as of Q1 2012.

Financial Results

Return on Assets (quarter, annualized)

0.99%+23 bps YoY

Net Interest Margin (quarter, annualized)

3.61%+3 bps YoY

Efficiency Ratio (quarter, annualized)

46.64%+128 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets0.76%1.30%1.21%1.16%0.99%+23 bps
Return on Equity6.36%10.95%9.91%9.37%7.98%+162 bps
Net Interest Margin3.57%3.69%3.74%3.61%3.61%+3 bps
Efficiency Ratio45.35%43.87%44.04%39.59%46.64%+128 bps
Non-Interest Burden1.36%1.32%1.55%1.06%1.53%+17 bps
Growth
Asset Growth (YoY)16.62%16.00%15.15%9.70%5.12%-1,150 bps
Loan Growth (YoY)-3.85%0.06%1.42%0.58%1.17%+502 bps
Deposit Growth (YoY)14.82%-1.46%3.95%2.74%4.59%-1,023 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.63%0.70%0.76%1.49%0.79%-83 bps
Allowance / Loans3.59%3.69%3.75%3.90%4.18%+59 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 Capital16.47%16.40%16.86%17.18%17.49%+103 bps
Equity / Assets11.67%11.98%12.43%12.40%12.46%+79 bps
Liquidity & Funding
Loans / Deposits79.65%81.86%80.02%78.51%77.05%-260 bps
Liquid Assets / Assets0.02%0.01%0.01%0.01%0.00%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a