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Centennial Bank of Blende

Pueblo, CO · Cert 22301

FDIC

Q2 2006

$39.6MAssets
$18.5MLoans
$31.6MDeposits
$7.9MEquity
Loan mix
57%RE $3.9M42%C&I $2.9M1%Consumer $0.1MQ2 2005Q2 2006
Deposit mix
76%Interest-bearing $24.1M24%Noninterest $7.5MQ2 2005Q2 2006

NIM

5.14%Q2 ’045.57%Q2 ’05-3.88%Q2 ’06+6%-163%

Non-interest income vs. expense

3.14%Q2 ’043.26%Q2 ’05-2.96%Q2 ’06+5%-194%

Executive Summary

  • Earnings: ROA of -0.48%, down 231 bps year over year; NIM at -2.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 58.54% of deposits as of Q2 2006.

Financial Results

Return on Assets (quarter, annualized)

-0.48%-231 bps YoY

Net Interest Margin (quarter, annualized)

-2.98%-767 bps YoY

Efficiency Ratio (quarter, annualized)

53.13%-1,141 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.83%1.16%0.93%1.00%-0.48%-231 bps
Return on Equity17.08%10.44%8.10%9.15%-3.11%-2,019 bps
Net Interest Margin4.69%5.10%4.81%4.83%-2.98%-767 bps
Efficiency Ratio64.53%78.63%81.99%80.14%53.13%-1,141 bps
Non-Interest Burden2.90%3.94%3.88%3.80%-2.72%-562 bps
Growth
Asset Growth (YoY)2.63%2.81%3.15%0.78%16.03%+1,340 bps
Loan Growth (YoY)12.24%7.18%7.55%-6.16%-20.97%-3,322 bps
Deposit Growth (YoY)2.02%2.25%2.39%0.90%4.09%+206 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.00%-0.02%0.02%-0.02%0 bps
Allowance / Loans1.65%1.76%1.71%1.89%1.74%+9 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 Capital17.01%17.75%18.01%17.48%18.19%+118 bps
Equity / Assets10.88%11.34%11.67%10.22%19.83%+895 bps
Liquidity & Funding
Loans / Deposits77.11%75.98%76.98%65.11%58.54%-1,857 bps
Liquid Assets / Assets2.01%1.99%2.62%1.73%0.00%-201 bps
CRE / Total Capitaln/an/an/an/an/an/an/a