PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Firstbank of Tech Center

Englewood, CO · Cert 24096

FDIC

Q3 2010

$529.5MAssets
$216.7MLoans
$477.9MDeposits
$45.6MEquity
Loan mix
99%RE $158.9M1%C&I $1.3M0%Consumer $0.8MQ3 2009Q3 2010
Deposit mix
86%Interest-bearing $411.6M14%Noninterest $66.3MQ3 2009Q3 2010

NIM

5.63%Q3 ’085.03%Q3 ’094.38%Q3 ’10+5%-4%

Non-interest income vs. expense

1.70%Q3 ’081.84%Q3 ’091.67%Q3 ’10+24%-12%

Executive Summary

  • Earnings: ROA of 1.56%, down 15 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.52%.
  • Funding: loans stand at 45.34% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

1.56%-15 bps YoY

Net Interest Margin (YTD, annualized)

3.75%-17 bps YoY

Efficiency Ratio (YTD, annualized)

38.59%-214 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 Assets1.71%1.58%1.74%1.46%1.56%-15 bps
Return on Equity22.00%20.40%22.40%18.26%19.17%-283 bps
Net Interest Margin3.92%3.77%3.76%3.82%3.75%-17 bps
Efficiency Ratio40.74%40.52%37.62%39.19%38.59%-214 bps
Non-Interest Burden1.24%1.17%1.06%1.15%1.09%-14 bps
Growth
Asset Growth (YoY)7.72%16.03%14.16%10.15%9.91%+219 bps
Loan Growth (YoY)7.21%10.13%4.38%6.54%1.66%-555 bps
Deposit Growth (YoY)15.26%16.30%13.77%9.80%8.23%-703 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.29%0.33%0.03%0.41%0.52%+22 bps
Allowance / Loans1.87%2.27%2.25%2.58%2.49%+62 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 Capital15.21%15.45%16.09%16.81%17.26%+206 bps
Equity / Assets7.76%7.62%7.88%8.42%8.61%+85 bps
Liquidity & Funding
Loans / Deposits48.28%47.49%45.35%46.88%45.34%-293 bps
Liquid Assets / Assets16.01%14.92%14.29%16.49%17.86%+185 bps
CRE / Total Capitaln/an/an/an/an/an/an/a