First National Bank of the Rockies

Meeker, CO · Cert 3041

FDIC · 10 branches

Q2 2014

$345.4MAssets

$137.3MLoans

$305.7MDeposits

$34.9MEquity

Loan mix

Deposit mix

NIM

Market Position · Grand Junction, CO · 2014 SOD (annual) · 3.6% share · #8 of 14 inst. · $0.1B of $2.4B

77.0% Rio Blanco

3.6% Mesa

6.5% Routt

20.0% Moffat

Earnings: ROA of 0.50%, down 14 bps year over year; NIM at 2.67%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.17%.
Funding: loans stand at 44.91% of deposits as of Q2 2014.

Return on Assets (quarter, annualized)

0.50%-14 bps YoY

Net Interest Margin (quarter, annualized)

2.67%-14 bps YoY

Efficiency Ratio (quarter, annualized)

93.84%-238 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q2 2013	Q3 2013	Q4 2013	Q1 2014	Q2 2014	YoY Δ	Trend
Earnings
Return on Assets	0.64%¹	-0.65%	2.71%	0.73%	0.50%	-14 bps
Return on Equity	6.25%	-6.73%	28.90%	7.63%	4.99%	-126 bps
Net Interest Margin	2.82%	2.67%	2.87%	2.62%	2.67%	-14 bps
Efficiency Ratio	96.22%	138.28%	94.87%	83.57%	93.84%	-238 bps
Non-Interest Burden	2.67%	4.05%	2.68%	2.03%	2.48%	-20 bps
Growth
Asset Growth (YoY)	-3.65%	-4.00%	2.76%	3.99%	8.74%	+1,238 bps
Loan Growth (YoY)	5.88%	4.84%	9.03%	8.10%	11.69%	+581 bps
Deposit Growth (YoY)	-4.55%	-3.84%	-0.78%	7.54%	8.98%	+1,353 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.36%	-0.25%	-0.07%	-0.30%	0.17%	-20 bps
Allowance / Loans	1.95%	1.49%	1.51%	1.54%	1.25%	-70 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	19.08%	17.98%	17.45%	17.74%	17.36%	-172 bps
Equity / Assets	9.98%	9.39%	9.34%	9.80%	10.11%	+14 bps
Liquidity & Funding
Loans / Deposits	43.83%	44.47%	43.96%	43.16%	44.91%	+109 bps
Liquid Assets / Assets	0.82%	0.72%	0.53%	0.00%	0.01%	-81 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a