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Olathe State Bank

Olathe, CO · Cert 22324

FDIC

Q1 2006

$64.8MAssets
$39.3MLoans
$57.9MDeposits
$4.1MEquity
Loan mix
69%RE $10.0M31%C&I $4.5M1%Consumer $0.1MQ1 2005Q1 2006
Deposit mix
79%Interest-bearing $45.8M21%Noninterest $12.0MQ1 2005Q1 2006

NIM

6.54%Q1 ’047.28%Q1 ’056.80%Q1 ’06+15%-26%

Non-interest income vs. expense

4.21%Q1 ’044.16%Q1 ’054.56%Q1 ’06-5%+19%

Executive Summary

  • Earnings: ROA of 0.39%, down 121 bps year over year; NIM at 4.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 68.01% of deposits as of Q1 2006.

Financial Results

Return on Assets (quarter, annualized)

0.39%-121 bps YoY

Net Interest Margin (quarter, annualized)

4.60%-161 bps YoY

Efficiency Ratio (quarter, annualized)

89.63%+2,965 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets1.60%1.74%1.22%1.12%0.39%-121 bps
Return on Equity22.71%25.64%18.42%16.59%6.10%-1,661 bps
Net Interest Margin6.21%6.02%4.97%4.51%4.60%-161 bps
Efficiency Ratio59.97%54.89%61.34%62.17%89.63%+2,965 bps
Non-Interest Burden3.43%2.95%2.81%2.57%4.07%+64 bps
Growth
Asset Growth (YoY)14.27%32.25%41.97%42.82%52.24%+3,797 bps
Loan Growth (YoY)29.93%26.71%27.48%10.80%10.83%-1,910 bps
Deposit Growth (YoY)13.86%30.19%37.13%41.82%48.83%+3,497 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.01%0.01%0.03%0.01%+1 bps
Allowance / Loans0.95%0.95%0.94%1.08%1.06%+12 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 Capital10.49%9.21%10.12%11.04%10.88%+39 bps
Equity / Assets7.26%6.41%6.79%6.66%6.27%-99 bps
Liquidity & Funding
Loans / Deposits91.33%84.98%80.98%71.42%68.01%-2,332 bps
Liquid Assets / Assets0.03%0.03%0.03%0.03%0.01%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a