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Firstbank of Lakewood

Lakewood, CO · Cert 23470

FDIC

Q3 2010

$400.0MAssets
$132.7MLoans
$364.1MDeposits
$31.2MEquity
Loan mix
92%RE $99.4M7%C&I $8.0M1%Consumer $0.9MQ3 2009Q3 2010
Deposit mix
84%Interest-bearing $307.0M16%Noninterest $57.1MQ3 2009Q3 2010

NIM

5.49%Q3 ’084.66%Q3 ’094.34%Q3 ’10-3%+2%

Non-interest income vs. expense

2.15%Q3 ’082.17%Q3 ’092.27%Q3 ’10+30%+24%

Executive Summary

  • Earnings: ROA of 1.37%, down 13 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 0.20%.
  • Funding: loans stand at 36.46% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

1.37%-13 bps YoY

Net Interest Margin (quarter, annualized)

3.72%+6 bps YoY

Efficiency Ratio (quarter, annualized)

48.96%+313 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.50%1.56%1.66%1.59%1.37%-13 bps
Return on Equity22.27%23.08%24.09%22.32%18.12%-415 bps
Net Interest Margin3.66%3.63%3.66%3.77%3.72%+6 bps
Efficiency Ratio45.82%47.00%45.67%45.70%48.96%+313 bps
Non-Interest Burden1.09%1.17%1.15%1.19%1.36%+26 bps
Growth
Asset Growth (YoY)11.69%14.98%10.86%7.54%2.02%-967 bps
Loan Growth (YoY)7.70%1.61%-2.39%1.76%0.02%-768 bps
Deposit Growth (YoY)15.96%15.39%8.16%6.86%0.39%-1,557 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.19%0.14%0.06%0.04%0.20%+2 bps
Allowance / Loans1.34%1.53%1.49%1.59%1.77%+43 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 Capital13.95%14.83%14.83%15.11%15.46%+151 bps
Equity / Assets6.69%6.85%6.93%7.34%7.79%+110 bps
Liquidity & Funding
Loans / Deposits36.59%34.23%34.93%36.29%36.46%-13 bps
Liquid Assets / Assets21.83%19.78%18.35%17.58%16.74%-510 bps
CRE / Total Capitaln/an/an/an/an/an/an/a