PackageTrendsPeer
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Firstbank of Denver

Denver, CO · Cert 27225

FDIC

Q3 2010

$421.3MAssets
$283.4MLoans
$373.8MDeposits
$42.8MEquity
Loan mix
95%RE $188.3M5%C&I $9.4M0%Consumer $0.8MQ3 2009Q3 2010
Deposit mix
80%Interest-bearing $297.7M20%Noninterest $76.1MQ3 2009Q3 2010

NIM

5.97%Q3 ’085.93%Q3 ’095.19%Q3 ’10+22%-6%

Non-interest income vs. expense

2.36%Q3 ’082.77%Q3 ’092.76%Q3 ’10+25%+4%

Executive Summary

  • Earnings: ROA of 1.19%, down 55 bps year over year; NIM at 4.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.86%.
  • Funding: loans stand at 75.81% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

1.19%-55 bps YoY

Net Interest Margin (YTD, annualized)

4.65%-29 bps YoY

Efficiency Ratio (YTD, annualized)

49.40%+288 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 Assets1.74%1.59%0.35%0.95%1.19%-55 bps
Return on Equity19.46%17.62%3.76%10.15%12.42%-704 bps
Net Interest Margin4.94%4.94%4.84%4.68%4.65%-29 bps
Efficiency Ratio46.52%46.53%47.09%47.74%49.40%+288 bps
Non-Interest Burden1.76%1.72%1.72%1.75%1.82%+6 bps
Growth
Asset Growth (YoY)-11.15%-4.86%3.75%8.35%5.64%+1,679 bps
Loan Growth (YoY)-8.66%-5.62%0.89%3.87%3.07%+1,174 bps
Deposit Growth (YoY)-2.76%2.17%4.77%7.52%4.41%+717 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.64%0.76%0.23%0.29%0.86%+22 bps
Allowance / Loans1.90%2.22%2.20%2.31%1.90%0 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 Capital15.78%14.91%15.17%15.56%16.01%+23 bps
Equity / Assets9.85%9.43%9.18%9.47%10.15%+30 bps
Liquidity & Funding
Loans / Deposits76.80%74.76%72.49%74.13%75.81%-99 bps
Liquid Assets / Assets14.98%14.31%10.95%14.66%15.85%+87 bps
CRE / Total Capitaln/an/an/an/an/an/an/a