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Colorado East Bank & Trust

Lamar, CO · Cert 3027

FDIC · 18 branches

Q2 2016

$751.7MAssets
$464.5MLoans
$660.0MDeposits
$88.7MEquity
Loan mix
81%RE $233.6M17%C&I $48.9M2%Consumer $6.4MQ2 2015Q2 2016
Deposit mix
75%Interest-bearing $496.3M25%Noninterest $163.7MQ2 2015Q2 2016

NIM

3.57%Q2 ’143.52%Q2 ’153.83%Q2 ’16+2%+11%

Non-interest income vs. expense

3.32%Q2 ’143.29%Q2 ’153.40%Q2 ’16+16%-8%

Market Position · Greeley, CO · 2016 SOD (annual) · 4.8% share · #7 of 24 inst. · $0.2B of $3.5B

4.8% Weld
26.9% Prowers
4.3% Pueblo
14.1% Otero

Executive Summary

  • Earnings: ROA of 0.62%, up 58 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.86%.
  • Capital: tier 1 leverage ratio of 9.82%, down 11 bps from a year ago.
  • Funding: loans stand at 70.38% of deposits as of Q2 2016.

Financial Results

Return on Assets (YTD, annualized)

0.62%+58 bps YoY

Net Interest Margin (YTD, annualized)

3.65%+35 bps YoY

Efficiency Ratio (YTD, annualized)

85.95%-1,519 bps YoY

Tier 1 Leverage Ratio

9.82%-11 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets0.04%0.21%0.32%1.19%0.62%+58 bps
Return on Equity0.37%1.79%2.75%9.68%5.13%+476 bps
Net Interest Margin3.30%3.43%3.45%3.60%3.65%+35 bps
Efficiency Ratio101.14%93.90%89.89%77.87%85.95%-1,519 bps
Non-Interest Burden3.30%3.18%3.05%2.66%3.05%-25 bps
Growth
Asset Growth (YoY)0.68%-0.96%-1.54%-3.60%-0.70%-138 bps
Loan Growth (YoY)4.53%6.86%6.48%8.06%5.98%+146 bps
Deposit Growth (YoY)0.76%-1.42%-2.06%-4.59%-0.86%-161 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.71%0.55%1.53%0.86%+83 bps
Allowance / Loans2.20%1.65%1.59%1.23%1.26%-94 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.93%10.28%10.46%10.50%9.82%-11 bps
Total Risk-Based Capital15.20%15.53%15.68%15.57%14.75%-45 bps
Equity / Assets11.73%12.28%12.01%12.54%11.80%+7 bps
Liquidity & Funding
Loans / Deposits65.84%69.29%68.27%71.32%70.38%+454 bps
Liquid Assets / Assets3.23%3.04%6.66%5.12%5.57%+234 bps
CRE / Total Capitaln/an/an/an/an/an/an/a