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Letter portraitLegal landscapeQuarterYTD

Bank of the Rio Grande, National Association

Las Cruces, NM · Cert 26210

FDIC

Q3 2013

$147.4MAssets
$77.4MLoans
$103.4MDeposits
$42.8MEquity
Loan mix
68%RE $39.4M29%C&I $16.7M3%Consumer $2.0MQ3 2012Q3 2013
Deposit mix
48%Interest-bearing $49.8M52%Noninterest $53.6MQ3 2012Q3 2013

NIM

4.73%Q3 ’114.37%Q3 ’123.83%Q3 ’13-3%-15%

Non-interest income vs. expense

4.19%Q3 ’115.04%Q3 ’124.48%Q3 ’13+32%-12%

Executive Summary

  • Earnings: ROA of -0.39%, up 26 bps year over year; NIM at 3.70%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 74.82% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

-0.39%+26 bps YoY

Net Interest Margin (quarter, annualized)

3.70%-63 bps YoY

Efficiency Ratio (quarter, annualized)

101.82%+285 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets-0.64%-0.36%0.32%-0.27%-0.39%+26 bps
Return on Equity-2.07%-1.14%1.01%-0.83%-1.24%+83 bps
Net Interest Margin4.33%3.88%5.85%4.19%3.70%-63 bps
Efficiency Ratio98.96%99.67%81.89%91.91%101.82%+285 bps
Non-Interest Burden4.48%4.07%4.88%3.99%3.94%-54 bps
Growth
Asset Growth (YoY)28.07%32.96%0.49%-4.62%7.47%-2,061 bps
Loan Growth (YoY)-2.69%1.98%53.71%62.17%42.42%+4,511 bps
Deposit Growth (YoY)2.33%5.58%-6.75%-8.45%11.42%+910 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.11%0.13%0.00%0.12%+11 bps
Allowance / Loans0.68%0.78%0.87%0.95%1.02%+33 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 Capital39.02%39.78%34.08%31.28%30.66%-836 bps
Equity / Assets31.38%31.76%32.61%33.35%29.00%-238 bps
Liquidity & Funding
Loans / Deposits58.54%58.28%79.53%94.66%74.82%+1,629 bps
Liquid Assets / Assets1.70%1.56%1.60%1.63%1.42%-28 bps
CRE / Total Capitaln/an/an/an/an/an/an/a