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Firstbank

Littleton, CO · Cert 26460

FDIC

Q3 2010

$360.8MAssets
$135.4MLoans
$328.3MDeposits
$24.7MEquity
Loan mix
99%RE $96.4M1%C&I $0.7M0%Consumer $0.4MQ3 2009Q3 2010
Deposit mix
89%Interest-bearing $292.2M11%Noninterest $36.1MQ3 2009Q3 2010

NIM

5.78%Q3 ’085.12%Q3 ’094.44%Q3 ’10-1%-4%

Non-interest income vs. expense

2.07%Q3 ’082.53%Q3 ’092.54%Q3 ’10+22%+6%

Executive Summary

  • Earnings: ROA of 1.23%, up 22 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 41.25% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

1.23%+22 bps YoY

Net Interest Margin (quarter, annualized)

3.76%-14 bps YoY

Efficiency Ratio (quarter, annualized)

58.27%+333 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.01%0.80%0.91%0.83%1.23%+22 bps
Return on Equity14.57%12.09%14.16%12.22%17.90%+332 bps
Net Interest Margin3.90%3.73%3.76%3.76%3.76%-14 bps
Efficiency Ratio54.94%55.83%54.60%55.44%58.27%+333 bps
Non-Interest Burden1.83%1.77%1.76%1.78%1.94%+11 bps
Growth
Asset Growth (YoY)1.01%13.10%10.11%8.77%17.21%+1,620 bps
Loan Growth (YoY)4.28%2.67%8.79%6.52%-1.34%-561 bps
Deposit Growth (YoY)17.12%26.54%10.25%8.74%14.96%-216 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.48%1.15%-0.04%1.25%0.04%-44 bps
Allowance / Loans1.86%2.18%2.48%2.61%2.44%+57 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 Capital14.38%13.66%13.92%14.40%14.66%+28 bps
Equity / Assets6.98%6.31%6.60%6.91%6.84%-15 bps
Liquidity & Funding
Loans / Deposits48.07%43.37%44.87%43.84%41.25%-681 bps
Liquid Assets / Assets23.94%20.64%19.86%18.42%19.05%-489 bps
CRE / Total Capitaln/an/an/an/an/an/an/a