PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Firstbank of Boulder

Boulder, CO · Cert 22036

FDIC

Q3 2010

$554.3MAssets
$212.6MLoans
$505.3MDeposits
$43.7MEquity
Loan mix
98%RE $165.7M1%C&I $2.0M1%Consumer $1.0MQ3 2009Q3 2010
Deposit mix
82%Interest-bearing $415.3M18%Noninterest $90.0MQ3 2009Q3 2010

NIM

5.64%Q3 ’085.35%Q3 ’095.04%Q3 ’10+15%+4%

Non-interest income vs. expense

2.17%Q3 ’082.23%Q3 ’092.13%Q3 ’10+19%-16%

Executive Summary

  • Earnings: ROA of 1.90%, up 8 bps year over year; NIM at 4.48%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.53%.
  • Funding: loans stand at 42.07% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

1.90%+8 bps YoY

Net Interest Margin (YTD, annualized)

4.48%+16 bps YoY

Efficiency Ratio (YTD, annualized)

39.46%-405 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.82%1.86%1.88%2.00%1.90%+8 bps
Return on Equity27.04%27.53%26.93%27.56%25.59%-145 bps
Net Interest Margin4.32%4.24%4.32%4.40%4.48%+16 bps
Efficiency Ratio43.50%43.12%39.47%38.57%39.46%-405 bps
Non-Interest Burden1.43%1.37%1.22%1.11%1.20%-22 bps
Growth
Asset Growth (YoY)5.22%6.31%9.36%7.21%5.50%+29 bps
Loan Growth (YoY)7.23%4.39%5.80%4.16%2.33%-489 bps
Deposit Growth (YoY)14.18%13.47%8.57%5.69%4.21%-997 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.95%0.69%0.02%0.33%0.53%-42 bps
Allowance / Loans1.34%1.33%1.37%1.39%1.56%+22 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 Capital14.60%14.55%14.71%16.10%16.19%+160 bps
Equity / Assets7.09%6.91%7.04%7.86%7.88%+79 bps
Liquidity & Funding
Loans / Deposits42.84%42.06%42.39%43.71%42.07%-77 bps
Liquid Assets / Assets23.75%22.07%21.25%22.40%23.31%-43 bps
CRE / Total Capitaln/an/an/an/an/an/an/a