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Cheyenne Mountain Bank

Colorado Springs, CO · Cert 25719

FDIC

Q2 2007

$42.1MAssets
$30.2MLoans
$36.0MDeposits
$5.5MEquity
Loan mix
79%RE $17.7M20%C&I $4.6M1%Consumer $0.2MQ2 2006Q2 2007
Deposit mix
74%Interest-bearing $26.5M26%Noninterest $9.5MQ2 2006Q2 2007

NIM

5.81%Q2 ’056.57%Q2 ’066.93%Q2 ’07+9%+6%

Non-interest income vs. expense

4.34%Q2 ’054.23%Q2 ’063.79%Q2 ’07-1%-12%

Executive Summary

  • Earnings: ROA of 2.25%, up 78 bps year over year; NIM at 5.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
  • Funding: loans stand at 83.89% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

2.25%+78 bps YoY

Net Interest Margin (quarter, annualized)

5.65%+34 bps YoY

Efficiency Ratio (quarter, annualized)

61.60%-1,160 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.47%1.24%1.73%1.53%2.25%+78 bps
Return on Equity14.12%11.77%15.47%12.94%17.87%+375 bps
Net Interest Margin5.30%5.36%5.49%5.43%5.65%+34 bps
Efficiency Ratio73.20%76.47%67.80%72.65%61.60%-1,160 bps
Non-Interest Burden3.75%3.97%3.56%3.82%3.29%-47 bps
Growth
Asset Growth (YoY)4.83%0.02%0.65%-1.43%-9.50%-1,433 bps
Loan Growth (YoY)8.31%9.47%8.79%4.04%-1.17%-948 bps
Deposit Growth (YoY)11.07%-0.73%-0.79%-3.24%-13.56%-2,463 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.29%-0.01%0.08%0.62%-0.05%-34 bps
Allowance / Loans1.06%1.12%1.32%1.16%1.25%+18 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 Capital17.27%18.75%18.83%19.07%20.34%+307 bps
Equity / Assets10.29%10.84%11.49%12.15%13.00%+271 bps
Liquidity & Funding
Loans / Deposits73.37%75.05%75.51%80.74%83.89%+1,052 bps
Liquid Assets / Assets0.05%0.04%0.04%0.14%0.05%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a