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Community First Bank of Glendive

Glendive, MT · Cert 22974

FDIC

Q3 2013

$49.5MAssets
$22.0MLoans
$44.8MDeposits
$4.7MEquity
Loan mix
89%RE $12.9M4%C&I $0.7M7%Consumer $1.0MQ3 2012Q3 2013
Deposit mix
68%Interest-bearing $30.3M32%Noninterest $14.5MQ3 2012Q3 2013

NIM

4.25%Q3 ’113.57%Q3 ’123.12%Q3 ’13-13%-11%

Non-interest income vs. expense

2.47%Q3 ’112.17%Q3 ’127.11%Q3 ’13-14%+261%

Executive Summary

  • Earnings: ROA of -2.53%, down 334 bps year over year; NIM at 2.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 49.19% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

-2.53%-334 bps YoY

Net Interest Margin (quarter, annualized)

2.81%-36 bps YoY

Efficiency Ratio (quarter, annualized)

234%+17,132 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.81%0.60%0.45%0.44%-2.53%-334 bps
Return on Equity8.07%6.01%4.59%4.43%-25.77%-3,384 bps
Net Interest Margin3.17%2.89%2.60%2.53%2.81%-36 bps
Efficiency Ratio63.10%71.33%73.70%75.64%234%+17,132 bps
Non-Interest Burden1.91%1.93%1.86%1.86%6.89%+498 bps
Growth
Asset Growth (YoY)12.59%5.24%1.46%-0.98%-1.10%-1,369 bps
Loan Growth (YoY)-4.69%0.51%-12.89%-13.38%-12.80%-811 bps
Deposit Growth (YoY)13.50%5.15%1.25%-1.01%-0.12%-1,362 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.07%0.00%0.00%0.02%+2 bps
Allowance / Loans1.39%1.48%1.70%1.60%1.59%+20 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 Capital17.02%17.59%20.26%19.76%18.50%+148 bps
Equity / Assets10.05%9.88%9.56%10.22%9.39%-66 bps
Liquidity & Funding
Loans / Deposits56.34%52.47%43.93%50.65%49.19%-715 bps
Liquid Assets / Assets10.78%26.75%39.60%34.85%36.68%+2,589 bps
CRE / Total Capitaln/an/an/an/an/an/an/a