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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

5.66%Q3 ’084.99%Q3 ’094.36%Q3 ’10+1%-5%

Non-interest income vs. expense

1.88%Q3 ’081.86%Q3 ’091.75%Q3 ’10+10%-9%

Executive Summary

  • Earnings: ROA of 1.55%, down 27 bps year over year; NIM at 3.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 24.01% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

1.55%-27 bps YoY

Net Interest Margin (quarter, annualized)

3.72%-20 bps YoY

Efficiency Ratio (quarter, annualized)

39.06%-50 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.82%1.92%1.61%1.83%1.55%-27 bps
Return on Equity28.76%29.59%23.15%23.26%18.10%-1,066 bps
Net Interest Margin3.92%3.82%3.80%3.78%3.72%-20 bps
Efficiency Ratio39.56%40.38%39.50%39.56%39.06%-50 bps
Non-Interest Burden1.08%1.09%1.07%1.12%0.99%-9 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 / Loans0.05%0.02%-0.01%0.06%0.05%0 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