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Letter portraitLegal landscapeQuarterYTD

Tri-County National Bank

Cheyenne, WY · Cert 29608

FDIC

Q4 2013

$61.3MAssets
$45.5MLoans
$53.9MDeposits
$6.7MEquity
Loan mix
75%RE $28.4M23%C&I $8.6M2%Consumer $0.7MQ4 2012Q4 2013
Deposit mix
88%Interest-bearing $47.5M12%Noninterest $6.4MQ4 2012Q4 2013

NIM

5.22%Q4 ’114.88%Q4 ’124.11%Q4 ’13+1%-14%

Non-interest income vs. expense

3.09%Q4 ’113.19%Q4 ’122.93%Q4 ’13-10%-5%

Executive Summary

  • Earnings: ROA of 0.80%, down 19 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 84.42% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.80%-19 bps YoY

Net Interest Margin (YTD, annualized)

3.39%-57 bps YoY

Efficiency Ratio (YTD, annualized)

69.77%+477 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.99%0.67%0.88%0.84%0.80%-19 bps
Return on Equity8.80%6.06%8.06%7.82%7.42%-138 bps
Net Interest Margin3.96%3.75%3.70%3.49%3.39%-57 bps
Efficiency Ratio64.99%72.56%66.81%67.58%69.77%+477 bps
Non-Interest Burden2.24%2.52%2.18%2.09%2.12%-12 bps
Growth
Asset Growth (YoY)5.86%4.45%12.88%17.49%5.08%-78 bps
Loan Growth (YoY)11.11%3.73%8.61%1.81%-4.65%-1,576 bps
Deposit Growth (YoY)14.37%15.06%14.37%19.29%9.99%-438 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.00%0.04%+4 bps
Allowance / Loans1.59%1.71%1.74%1.85%1.85%+27 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 Capital16.23%16.96%16.64%17.05%17.24%+100 bps
Equity / Assets11.13%11.08%10.55%10.04%10.95%-18 bps
Liquidity & Funding
Loans / Deposits97.37%91.04%92.83%83.97%84.42%-1,295 bps
Liquid Assets / Assets6.40%10.71%12.39%19.55%14.34%+794 bps
CRE / Total Capitaln/an/an/an/an/an/an/a