PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Peak National Bank

Nederland, CO · Cert 26751

FDIC

Q3 2007

$211.7MAssets
$152.3MLoans
$187.3MDeposits
$23.1MEquity
Loan mix
95%RE $65.9M5%C&I $3.3M0%Consumer $0.3MQ3 2006Q3 2007
Deposit mix
76%Interest-bearing $142.5M24%Noninterest $44.8MQ3 2006Q3 2007

NIM

6.82%Q3 ’057.92%Q3 ’068.37%Q3 ’07+4%+2%

Non-interest income vs. expense

3.66%Q3 ’053.66%Q3 ’063.62%Q3 ’07+1%+1%

Executive Summary

  • Earnings: ROA of 2.72%, up 12 bps year over year; NIM at 5.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 81.34% of deposits as of Q3 2007.

Financial Results

Return on Assets (YTD, annualized)

2.72%+12 bps YoY

Net Interest Margin (YTD, annualized)

5.84%+14 bps YoY

Efficiency Ratio (YTD, annualized)

56.58%-130 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets2.60%2.68%2.58%2.66%2.72%+12 bps
Return on Equity31.30%31.17%25.63%26.15%26.27%-503 bps
Net Interest Margin5.70%5.87%5.56%5.67%5.84%+14 bps
Efficiency Ratio57.88%56.83%57.55%56.49%56.58%-130 bps
Non-Interest Burden3.04%3.05%2.97%2.96%3.06%+2 bps
Growth
Asset Growth (YoY)6.52%-8.42%-5.95%-4.05%1.69%-482 bps
Loan Growth (YoY)23.46%0.06%-2.57%4.39%-0.59%-2,404 bps
Deposit Growth (YoY)5.29%-10.52%-8.30%-6.23%0.13%-516 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%-0.01%0.09%0.06%+5 bps
Allowance / Loans0.97%1.02%1.05%1.02%1.03%+6 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 Capital13.08%13.55%14.57%14.01%14.57%+149 bps
Equity / Assets9.42%9.84%10.27%10.37%10.91%+150 bps
Liquidity & Funding
Loans / Deposits81.92%80.90%77.11%81.39%81.34%-59 bps
Liquid Assets / Assets8.29%8.27%7.61%7.61%6.23%-206 bps
CRE / Total Capitaln/an/an/an/an/an/an/a