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Firstbank of Littleton

Littleton, CO · Cert 26295

FDIC

Q3 2010

$476.8MAssets
$187.0MLoans
$433.4MDeposits
$39.4MEquity
Loan mix
93%RE $133.4M6%C&I $9.3M1%Consumer $1.1MQ3 2009Q3 2010
Deposit mix
82%Interest-bearing $356.1M18%Noninterest $77.3MQ3 2009Q3 2010

NIM

5.70%Q3 ’085.04%Q3 ’094.75%Q3 ’10+1%+3%

Non-interest income vs. expense

2.23%Q3 ’082.26%Q3 ’092.33%Q3 ’10+3%-6%

Executive Summary

  • Earnings: ROA of 1.92%, up 9 bps year over year; NIM at 4.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 43.14% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

1.92%+9 bps YoY

Net Interest Margin (quarter, annualized)

4.20%+14 bps YoY

Efficiency Ratio (quarter, annualized)

43.10%-97 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.83%1.52%1.71%1.96%1.92%+9 bps
Return on Equity25.09%20.84%23.53%25.46%23.65%-144 bps
Net Interest Margin4.06%4.02%3.97%4.10%4.20%+14 bps
Efficiency Ratio44.06%47.67%46.17%43.52%43.10%-97 bps
Non-Interest Burden1.19%1.39%1.52%1.20%1.12%-7 bps
Growth
Asset Growth (YoY)4.54%9.78%8.97%4.00%2.83%-171 bps
Loan Growth (YoY)2.99%0.09%1.67%2.07%1.74%-125 bps
Deposit Growth (YoY)10.92%14.37%8.02%2.45%1.53%-940 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.30%0.17%1.23%0.52%0.06%-24 bps
Allowance / Loans1.34%1.83%1.50%1.33%1.49%+16 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 Capital15.59%15.61%16.36%16.31%16.82%+122 bps
Equity / Assets7.45%7.10%7.40%7.97%8.26%+81 bps
Liquidity & Funding
Loans / Deposits43.05%40.59%39.38%42.97%43.14%+9 bps
Liquid Assets / Assets21.53%19.53%16.99%16.53%15.37%-615 bps
CRE / Total Capitaln/an/an/an/an/an/an/a