PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Firstbank of Cherry Creek

Denver, CO · Cert 26649

FDIC

Q3 2010

$502.4MAssets
$199.1MLoans
$454.3MDeposits
$39.4MEquity
Loan mix
98%RE $174.0M1%C&I $1.8M1%Consumer $0.9MQ3 2009Q3 2010
Deposit mix
82%Interest-bearing $371.7M18%Noninterest $82.6MQ3 2009Q3 2010

NIM

5.37%Q3 ’084.93%Q3 ’094.58%Q3 ’10+8%+4%

Non-interest income vs. expense

2.14%Q3 ’082.25%Q3 ’092.13%Q3 ’10+23%0%

Executive Summary

  • Earnings: ROA of 1.80%, up 17 bps year over year; NIM at 3.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 43.82% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

1.80%+17 bps YoY

Net Interest Margin (YTD, annualized)

3.97%+15 bps YoY

Efficiency Ratio (YTD, annualized)

43.35%-269 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%1.62%1.78%1.79%1.80%+17 bps
Return on Equity26.80%26.07%26.12%25.44%24.85%-195 bps
Net Interest Margin3.82%3.70%3.95%4.03%3.97%+15 bps
Efficiency Ratio46.03%45.85%42.88%42.72%43.35%-269 bps
Non-Interest Burden1.19%1.15%1.16%1.18%1.18%0 bps
Growth
Asset Growth (YoY)11.90%10.10%10.11%9.70%6.84%-506 bps
Loan Growth (YoY)17.29%14.88%14.35%9.90%7.17%-1,011 bps
Deposit Growth (YoY)19.76%17.97%8.32%8.62%6.10%-1,366 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.35%0.50%0.16%0.12%0.12%-24 bps
Allowance / Loans1.62%1.58%1.63%1.73%1.73%+11 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 Capital14.50%13.78%14.63%15.51%16.82%+233 bps
Equity / Assets6.88%6.60%7.05%7.48%7.85%+97 bps
Liquidity & Funding
Loans / Deposits43.38%42.04%42.53%43.17%43.82%+44 bps
Liquid Assets / Assets17.70%16.42%15.71%18.49%20.68%+298 bps
CRE / Total Capitaln/an/an/an/an/an/an/a