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First State Bank of Fort Collins

Fort Collins, CO · Cert 26898

FDIC

Q1 2002

$89.5MAssets
$59.3MLoans
$78.3MDeposits
$9.6MEquity
Loan mix
44%RE $10.4M54%C&I $12.8M2%Consumer $0.4MQ1 2001Q1 2002
Deposit mix
72%Interest-bearing $56.2M28%Noninterest $22.1MQ1 2001Q1 2002

NIM

8.16%Q1 ’016.31%Q1 ’02-11%

Non-interest income vs. expense

3.80%Q1 ’013.91%Q1 ’02+10%

Executive Summary

  • Earnings: ROA of 0.74%, down 69 bps year over year; NIM at 4.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 75.71% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

0.74%-69 bps YoY

Net Interest Margin (quarter, annualized)

4.71%-57 bps YoY

Efficiency Ratio (quarter, annualized)

72.26%+1,059 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets1.43%1.41%1.11%0.40%0.74%-69 bps
Return on Equityn/a14.44%11.30%4.01%7.17%n/a
Net Interest Margin5.28%5.17%5.21%4.81%4.71%-57 bps
Efficiency Ratio61.67%64.13%63.17%62.20%72.26%+1,059 bps
Non-Interest Burden2.92%3.01%2.95%2.69%3.21%+29 bps
Growth
Asset Growth (YoY)18.79%27.15%13.40%9.10%-2.70%-2,149 bps
Loan Growth (YoY)23.39%24.34%17.75%12.93%-2.61%-2,600 bps
Deposit Growth (YoY)17.32%28.93%11.25%17.99%-4.46%-2,177 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%0.15%0.07%1.26%-0.01%+2 bps
Allowance / Loans1.08%1.12%1.21%1.49%1.72%+63 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 Capital13.98%13.65%11.53%14.04%14.92%+94 bps
Equity / Assets9.83%9.63%10.01%10.05%10.75%+92 bps
Liquidity & Funding
Loans / Deposits74.28%71.53%71.76%73.80%75.71%+144 bps
Liquid Assets / Assets0.15%0.58%0.83%0.40%0.67%+52 bps
CRE / Total Capitaln/an/an/an/an/an/an/a