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Firstbank of Arvada

Arvada, CO · Cert 22794

FDIC

Q3 2010

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2010, the quarter ended September 30, 2010, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Firstbank of Arvada

Arvada, CO · Cert 22794

FDIC

Q3 2010

$433.3MAssets
$94.0MLoans
$391.4MDeposits
$38.2MEquity
Loan mix
97%RE $72.6M2%C&I $1.8M1%Consumer $0.7MQ3 2009Q3 2010
Deposit mix
88%Interest-bearing $342.6M12%Noninterest $48.9MQ3 2009Q3 2010

NIM

5.58%Q3 ’084.99%Q3 ’094.42%Q3 ’10+6%-2%

Non-interest income vs. expense

1.91%Q3 ’081.91%Q3 ’091.74%Q3 ’10+25%-16%

Executive Summary

  • Earnings: ROA of 1.67%, down 14 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 24.01% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

1.67%-14 bps YoY

Net Interest Margin (YTD, annualized)

3.73%-7 bps YoY

Efficiency Ratio (YTD, annualized)

39.37%-349 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 Assets1.81%1.84%1.61%1.73%1.67%-14 bps
Return on Equity30.76%30.73%23.15%23.34%21.50%-927 bps
Net Interest Margin3.80%3.70%3.80%3.74%3.73%-7 bps
Efficiency Ratio42.87%42.21%39.50%39.53%39.37%-349 bps
Non-Interest Burden1.25%1.17%1.07%1.08%1.05%-20 bps
Growth
Asset Growth (YoY)14.71%13.47%14.03%11.78%6.94%-777 bps
Loan Growth (YoY)20.84%13.78%13.51%5.18%-0.74%-2,158 bps
Deposit Growth (YoY)18.92%15.90%9.39%8.46%3.78%-1,514 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.14%0.11%-0.01%0.02%0.03%-11 bps
Allowance / Loans1.18%1.30%1.22%1.15%1.81%+63 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 Capital16.26%16.77%19.44%20.81%22.14%+587 bps
Equity / Assets6.58%6.38%7.48%8.30%8.82%+224 bps
Liquidity & Funding
Loans / Deposits25.11%24.10%24.33%23.98%24.01%-109 bps
Liquid Assets / Assets33.53%30.82%28.78%28.69%34.57%+104 bps
CRE / Total Capitaln/an/an/an/an/an/an/a