PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Firstbank of Arapahoe County

Littleton, CO · Cert 27336

FDIC

Q3 2010

$424.9MAssets
$113.3MLoans
$387.6MDeposits
$33.0MEquity
Loan mix
99%RE $102.6M0%C&I $0.4M1%Consumer $1.0MQ3 2009Q3 2010
Deposit mix
84%Interest-bearing $327.0M16%Noninterest $60.6MQ3 2009Q3 2010

NIM

5.40%Q3 ’084.81%Q3 ’094.63%Q3 ’10+3%+6%

Non-interest income vs. expense

1.92%Q3 ’082.14%Q3 ’092.20%Q3 ’10+30%+41%

Executive Summary

  • Earnings: ROA of 1.47%, down 30 bps year over year; NIM at 4.07%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.31%.
  • Funding: loans stand at 29.23% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

1.47%-30 bps YoY

Net Interest Margin (quarter, annualized)

4.07%+23 bps YoY

Efficiency Ratio (quarter, annualized)

48.15%+336 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.77%1.61%1.80%1.37%1.47%-30 bps
Return on Equity25.67%23.26%26.32%19.28%19.41%-627 bps
Net Interest Margin3.84%3.80%3.82%3.84%4.07%+23 bps
Efficiency Ratio44.79%50.68%43.69%44.81%48.15%+336 bps
Non-Interest Burden1.20%1.48%1.19%1.23%1.70%+50 bps
Growth
Asset Growth (YoY)6.32%6.38%11.00%5.82%7.51%+119 bps
Loan Growth (YoY)22.03%13.69%10.97%11.08%3.51%-1,852 bps
Deposit Growth (YoY)17.33%16.81%7.83%5.43%6.41%-1,092 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.15%0.97%0.08%0.43%0.31%+16 bps
Allowance / Loans1.17%1.30%1.32%1.72%2.04%+87 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 Capital17.24%17.40%17.54%17.76%19.02%+178 bps
Equity / Assets7.06%6.80%6.90%7.33%7.77%+71 bps
Liquidity & Funding
Loans / Deposits30.04%28.90%28.39%30.52%29.23%-82 bps
Liquid Assets / Assets33.10%30.54%28.48%29.34%31.84%-127 bps
CRE / Total Capitaln/an/an/an/an/an/an/a