PackageTrendsPeer
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Firstbank North

Westminster, CO · Cert 26635

FDIC

Q3 2010

$482.5MAssets
$102.0MLoans
$429.3MDeposits
$48.7MEquity
Loan mix
99%RE $80.2M0%C&I $0.3M1%Consumer $0.8MQ3 2009Q3 2010
Deposit mix
85%Interest-bearing $365.1M15%Noninterest $64.2MQ3 2009Q3 2010

NIM

5.50%Q3 ’084.99%Q3 ’094.31%Q3 ’10+6%-5%

Non-interest income vs. expense

2.48%Q3 ’082.53%Q3 ’092.34%Q3 ’10+22%-1%

Executive Summary

  • Earnings: ROA of 1.14%, down 49 bps year over year; NIM at 3.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.31%.
  • Funding: loans stand at 23.76% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

1.14%-49 bps YoY

Net Interest Margin (YTD, annualized)

3.63%-20 bps YoY

Efficiency Ratio (YTD, annualized)

50.04%-2 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.63%1.63%0.23%0.97%1.14%-49 bps
Return on Equity28.82%27.82%3.06%11.74%13.11%-1,571 bps
Net Interest Margin3.83%3.75%3.68%3.57%3.63%-20 bps
Efficiency Ratio50.06%50.79%49.62%50.43%50.04%-2 bps
Non-Interest Burden1.31%1.33%1.27%1.30%1.29%-2 bps
Growth
Asset Growth (YoY)14.24%13.05%19.96%15.75%10.60%-364 bps
Loan Growth (YoY)3.03%6.79%1.67%6.51%10.10%+707 bps
Deposit Growth (YoY)17.07%14.81%9.89%11.15%6.99%-1,008 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%0.23%0.17%0.40%0.31%+19 bps
Allowance / Loans1.44%1.46%1.56%1.30%1.72%+27 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 Capital14.32%14.72%20.49%20.87%21.80%+748 bps
Equity / Assets6.42%6.51%8.60%9.53%10.10%+368 bps
Liquidity & Funding
Loans / Deposits23.08%23.73%23.43%22.67%23.76%+67 bps
Liquid Assets / Assets32.63%30.67%25.06%24.41%25.51%-712 bps
CRE / Total Capitaln/an/an/an/an/an/an/a