PackageTrendsPeer
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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

5.74%Q3 ’085.24%Q3 ’095.00%Q3 ’10+5%+3%

Non-interest income vs. expense

2.16%Q3 ’082.23%Q3 ’092.21%Q3 ’10+14%+2%

Executive Summary

  • Earnings: ROA of 1.71%, down 6 bps year over year; NIM at 4.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.93%.
  • Funding: loans stand at 42.07% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

1.71%-6 bps YoY

Net Interest Margin (quarter, annualized)

4.50%+15 bps YoY

Efficiency Ratio (quarter, annualized)

41.25%-116 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.76%2.00%1.88%2.11%1.71%-6 bps
Return on Equity25.17%28.60%26.93%28.34%21.67%-351 bps
Net Interest Margin4.35%4.32%4.32%4.47%4.50%+15 bps
Efficiency Ratio42.41%42.01%39.47%37.74%41.25%-116 bps
Non-Interest Burden1.33%1.31%1.22%1.00%1.35%+3 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 / Loans2.72%-0.07%0.02%0.64%0.93%-178 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