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Vectra Bank Colorado, National Association

Farmington, NM · Cert 2993

FDIC · 37 branches

Q3 2015

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2015, the quarter ended September 30, 2015, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Vectra Bank Colorado, National Association

Farmington, NM · Cert 2993

FDIC · 37 branches

Q3 2015

$3.3BAssets
$2.4BLoans
$2.9BDeposits
$353.6MEquity
Loan mix
68%RE $1.3B30%C&I $0.6B2%Consumer $0.0BQ3 2014Q3 2015
Deposit mix
63%Interest-bearing $1.8B37%Noninterest $1.1BQ3 2014Q3 2015

NIM

4.05%Q3 ’133.85%Q3 ’143.41%Q3 ’15-5%-14%

Non-interest income vs. expense

3.78%Q3 ’133.51%Q3 ’143.00%Q3 ’15-4%-14%

Market Position · Denver-Aurora-Lakewood, CO · 2015 SOD (annual) · 2.5% share · #10 of 71 inst. · $1.7B of $69.8B

4.0% Denver
16.5% Pitkin
12.3% Pueblo
21.6% Montezuma

Executive Summary

  • Earnings: ROA of 0.53%, down 39 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Capital: tier 1 leverage ratio of 10.94%.
  • Funding: loans stand at 84.01% of deposits as of Q3 2015.

Financial Results

Return on Assets (YTD, annualized)

0.53%-39 bps YoY

Net Interest Margin (YTD, annualized)

3.21%-50 bps YoY

Efficiency Ratio (YTD, annualized)

77.78%-38 bps YoY

Tier 1 Leverage Ratio

10.94%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.92%0.78%0.30%0.46%0.53%-39 bps
Return on Equity7.50%6.49%2.65%4.09%4.80%-270 bps
Net Interest Margin3.71%3.54%3.48%3.24%3.21%-50 bps
Efficiency Ratio78.16%78.55%77.65%77.09%77.78%-38 bps
Non-Interest Burden2.73%2.62%2.55%2.35%2.35%-38 bps
Growth
Asset Growth (YoY)6.13%16.65%16.20%22.11%16.77%+1,064 bps
Loan Growth (YoY)6.59%1.63%3.44%4.41%3.11%-347 bps
Deposit Growth (YoY)5.35%18.97%19.49%25.91%19.49%+1,414 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.04%0.04%0.15%0.12%+13 bps
Allowance / Loans1.37%1.38%1.49%1.40%1.31%-5 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a11.57%10.80%10.94%n/a
Total Risk-Based Capital14.89%15.01%14.54%14.97%14.95%+6 bps
Equity / Assets11.87%11.35%11.32%10.76%10.66%-121 bps
Liquidity & Funding
Loans / Deposits97.34%90.05%91.47%85.85%84.01%-1,334 bps
Liquid Assets / Assets8.51%12.99%10.55%14.24%15.92%+741 bps
CRE / Total Capitaln/an/an/an/an/an/an/a