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Stockmen's Bank, The

Kingman, AZ · Cert 23182

FDIC

Q4 2006

$1.2BAssets
$734.7MLoans
$1.1BDeposits
$91.0MEquity
Loan mix
63%RE $88.7M36%C&I $51.2M1%Consumer $1.5MQ4 2005Q4 2006
Deposit mix
76%Interest-bearing $826.8M24%Noninterest $263.5MQ4 2005Q4 2006

NIM

4.97%Q4 ’045.29%Q4 ’056.25%Q4 ’06-1%+9%

Non-interest income vs. expense

2.46%Q4 ’042.45%Q4 ’052.48%Q4 ’06+4%+1%

Executive Summary

  • Earnings: ROA of 1.26%, up 8 bps year over year; NIM at 4.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 67.39% of deposits as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

1.26%+8 bps YoY

Net Interest Margin (quarter, annualized)

4.03%+32 bps YoY

Efficiency Ratio (quarter, annualized)

52.67%-342 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets1.17%1.16%1.15%-0.04%1.26%+8 bps
Return on Equity17.80%17.11%16.89%-0.62%17.20%-60 bps
Net Interest Margin3.71%3.62%3.60%3.55%4.03%+32 bps
Efficiency Ratio56.09%56.43%57.34%57.49%52.67%-342 bps
Non-Interest Burden1.83%1.80%1.79%1.77%1.84%+1 bps
Growth
Asset Growth (YoY)20.99%20.52%17.58%10.83%6.89%-1,410 bps
Loan Growth (YoY)19.16%19.82%20.39%25.24%22.98%+382 bps
Deposit Growth (YoY)20.43%19.84%16.18%8.81%4.12%-1,630 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%-0.01%-0.01%0.02%0.06%+6 bps
Allowance / Loans0.95%0.95%0.94%0.94%0.94%-1 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 Capital11.35%11.26%10.98%10.93%11.12%-22 bps
Equity / Assets6.80%6.72%6.85%7.18%7.43%+63 bps
Liquidity & Funding
Loans / Deposits57.06%57.27%60.89%65.03%67.39%+1,033 bps
Liquid Assets / Assets19.85%19.81%20.09%7.51%28.41%+856 bps
CRE / Total Capitaln/an/an/an/an/an/an/a