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Colorado Mountain Bank

Westcliffe, CO · Cert 22776

FDIC

Q1 2010

$81.7MAssets
$67.4MLoans
$73.3MDeposits
$8.1MEquity
Loan mix
92%RE $46.4M7%C&I $3.5M1%Consumer $0.3MQ1 2009Q1 2010
Deposit mix
81%Interest-bearing $59.5M19%Noninterest $13.8MQ1 2009Q1 2010

NIM

7.15%Q1 ’086.78%Q1 ’095.77%Q1 ’10+9%-14%

Non-interest income vs. expense

3.41%Q1 ’083.30%Q1 ’093.38%Q1 ’10+0%+10%

Executive Summary

  • Earnings: ROA of 0.14%, down 42 bps year over year; NIM at 4.07%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.79%.
  • Funding: loans stand at 92.03% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

0.14%-42 bps YoY

Net Interest Margin (quarter, annualized)

4.07%-67 bps YoY

Efficiency Ratio (quarter, annualized)

75.13%+1,350 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.56%0.80%0.49%-0.52%0.14%-42 bps
Return on Equity6.10%8.35%5.04%-5.35%1.49%-460 bps
Net Interest Margin4.74%4.61%4.46%4.11%4.07%-67 bps
Efficiency Ratio61.63%60.07%73.41%88.41%75.13%+1,350 bps
Non-Interest Burden2.69%2.50%3.24%3.57%2.95%+26 bps
Growth
Asset Growth (YoY)-4.21%-3.93%-1.24%-1.89%-1.49%+272 bps
Loan Growth (YoY)-2.57%-3.88%-9.69%-14.81%-10.61%-804 bps
Deposit Growth (YoY)-0.45%-4.75%-2.11%0.69%-2.04%-160 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.81%0.82%0.98%-0.01%0.79%-203 bps
Allowance / Loans2.08%2.14%2.13%2.65%2.80%+73 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 Capital13.06%13.38%13.85%14.00%14.37%+131 bps
Equity / Assets9.49%9.77%9.73%9.55%9.86%+37 bps
Liquidity & Funding
Loans / Deposits100.85%102.36%95.23%91.03%92.03%-882 bps
Liquid Assets / Assets0.28%0.95%1.28%6.16%5.09%+481 bps
CRE / Total Capitaln/an/an/an/an/an/an/a