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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
82%RE $89.3M16%C&I $18.0M2%Consumer $1.8MQ3 2012Q2 2014
Deposit mix
75%Interest-bearing $229.9M25%Noninterest $75.8MQ3 2012Q2 2014

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

Executive Summary

  • Earnings: ROA of 0.61%, down 48 bps year over year; NIM at 2.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.06%.
  • Funding: loans stand at 44.91% of deposits as of Q2 2014.

Return on Assets (YTD, annualized)

0.61%-48 bps YoY

Net Interest Margin (YTD, annualized)

2.63%-22 bps YoY

Efficiency Ratio (YTD, annualized)

88.43%-649 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

3.36%Q2 ’123.11%Q2 ’132.85%Q2 ’14-6%-8%

Non-interest income vs. expense

3.89%Q2 ’123.61%Q2 ’133.00%Q2 ’14-11%-16%

Year to date, annualized, through each quarter.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014YoY ΔTrend
Earnings
Return on Assets0.29%10.10%11.53%1.09%0.52%1.07%0.73%0.61%-48 bps
Return on Equity3.15%1.06%14.96%10.75%5.18%10.84%7.63%6.29%-446 bps
Net Interest Margin3.07%2.98%2.84%2.85%2.82%2.75%2.62%2.63%-22 bps
Efficiency Ratio98.30%99.96%93.62%94.92%108.77%105.26%83.57%88.43%-649 bps
Non-Interest Burden3.00%2.98%2.61%2.66%3.15%2.95%2.03%2.24%-42 bps
Growth
Asset Growth (YoY)2.03%-2.84%-3.41%-3.65%-4.00%2.76%3.99%8.74%+1,238 bps
Loan Growth (YoY)-0.29%-3.57%2.81%5.88%4.84%9.03%8.10%11.69%+581 bps
Deposit Growth (YoY)0.28%-5.16%-7.79%-4.55%-3.84%-0.78%7.54%8.98%+1,353 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 / Loans1.52%1.24%-0.32%0.02%-0.07%-0.07%-0.30%-0.06%-8 bps
Allowance / Loans2.85%2.91%2.06%1.95%1.49%1.51%1.54%1.25%-70 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital17.75%18.12%18.12%19.08%17.98%17.45%17.74%17.36%-172 bps
Equity / Assets10.02%10.16%10.36%9.98%9.39%9.34%9.80%10.11%+14 bps
Liquidity & Funding
Loans / Deposits40.79%40.01%42.94%43.83%44.47%43.96%43.16%44.91%+109 bps
Liquid Assets / Assets0.76%0.78%0.78%0.82%0.72%0.53%0.00%0.01%-81 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a