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Frontier State Bank

Show Low, AZ · Cert 24227

FDIC

Q3 2002

$94.2MAssets
$55.5MLoans
$87.2MDeposits
$6.8MEquity
Loan mix
81%RE $21.5M18%C&I $4.9M1%Consumer $0.2MQ3 2001Q3 2002
Deposit mix
72%Interest-bearing $62.6M28%Noninterest $24.6MQ3 2001Q3 2002

NIM

8.15%Q1 ’017.16%Q3 ’015.52%Q3 ’02-5%-14%

Non-interest income vs. expense

6.01%Q1 ’016.15%Q3 ’015.96%Q3 ’02-37%+62%

Executive Summary

  • Earnings: ROA of -0.04%, down 111 bps year over year; NIM at 4.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 1.37%.
  • Funding: loans stand at 63.66% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

-0.04%-111 bps YoY

Net Interest Margin (quarter, annualized)

4.33%-69 bps YoY

Efficiency Ratio (quarter, annualized)

108.25%+3,337 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.07%-2.45%-0.28%-0.19%-0.04%-111 bps
Return on Equity14.40%-33.61%-4.10%-2.63%-0.59%-1,498 bps
Net Interest Margin5.02%4.72%4.80%4.94%4.33%-69 bps
Efficiency Ratio74.87%117.58%102.76%102.35%108.25%+3,337 bps
Non-Interest Burden2.95%5.79%4.96%5.08%4.78%+183 bps
Growth
Asset Growth (YoY)-2.29%-2.51%-1.07%-6.37%-8.65%-636 bps
Loan Growth (YoY)-15.42%-14.54%-14.03%-14.86%-18.50%-308 bps
Deposit Growth (YoY)-2.81%-2.27%-0.23%-6.38%-8.07%-525 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.62%2.55%3.04%2.52%-1.37%-199 bps
Allowance / Loans2.35%2.54%1.83%1.56%2.19%-15 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 Capital11.45%11.12%11.00%11.75%12.63%+118 bps
Equity / Assets7.48%7.07%6.80%7.29%7.19%-28 bps
Liquidity & Funding
Loans / Deposits71.81%73.59%70.40%71.73%63.66%-815 bps
Liquid Assets / Assets0.00%0.00%0.10%0.11%0.11%+11 bps
CRE / Total Capitaln/an/an/an/an/an/an/a