PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 $0.0BQ4 2013Q3 2015
Deposit mix
63%Interest-bearing $1.8B37%Noninterest $1.1BQ4 2013Q3 2015

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 0.66%, down 32 bps year over year; NIM at 3.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 10.94%.
  • Funding: loans stand at 84.01% of deposits as of Q3 2015.

Return on Assets (quarter, annualized)

0.66%-32 bps YoY

Net Interest Margin (quarter, annualized)

3.17%-55 bps YoY

Efficiency Ratio (quarter, annualized)

79.15%+203 bps YoY

Tier 1 Leverage Ratio

10.94%

NIM

4.10%Q3 ’133.89%Q3 ’143.37%Q3 ’15-6%-15%

Non-interest income vs. expense

3.71%Q3 ’133.52%Q3 ’143.06%Q3 ’15-3%-12%

Discrete quarter, annualized.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.41%0.59%1.19%0.98%0.41%0.30%0.61%0.66%-32 bps
Return on Equity3.39%4.80%9.55%8.09%3.53%2.65%5.52%6.21%-188 bps
Net Interest Margin4.02%3.96%3.94%3.72%3.60%3.48%3.28%3.17%-55 bps
Efficiency Ratio77.67%81.76%75.77%77.12%79.69%77.65%76.54%79.15%+203 bps
Non-Interest Burden2.99%3.11%2.77%2.67%2.72%2.55%2.36%2.36%-31 bps
Growth
Asset Growth (YoY)2.39%6.07%1.97%6.13%16.65%16.20%22.11%16.77%+1,064 bps
Loan Growth (YoY)5.11%8.46%4.82%6.59%1.63%3.44%4.41%3.11%-347 bps
Deposit Growth (YoY)0.66%4.61%0.46%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.16%-0.05%0.04%-0.01%0.19%0.04%0.26%0.05%+7 bps
Allowance / Loans1.81%1.73%1.52%1.37%1.38%1.49%1.40%1.31%-5 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/a11.57%10.80%10.94%n/a
Total Risk-Based Capital14.28%14.71%14.97%14.89%15.01%14.54%14.97%14.95%+6 bps
Equity / Assets12.29%12.37%12.49%11.87%11.35%11.32%10.76%10.66%-121 bps
Liquidity & Funding
Loans / Deposits105.41%105.66%103.52%97.34%90.05%91.47%85.85%84.01%-1,334 bps
Liquid Assets / Assets0.82%0.80%2.21%8.51%12.99%10.55%14.24%15.92%+741 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a