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First National Bank of Ordway, The

Ordway, CO · Cert 3045

FDIC

Q4 2011

$43.5MAssets
$26.9MLoans
$37.1MDeposits
$4.7MEquity
Loan mix
87%RE $17.6M10%C&I $2.1M2%Consumer $0.5MQ4 2010Q4 2011
Deposit mix
80%Interest-bearing $29.7M20%Noninterest $7.4MQ4 2010Q4 2011

NIM

5.42%Q4 ’095.67%Q4 ’104.50%Q4 ’11+13%-21%

Non-interest income vs. expense

2.80%Q4 ’093.41%Q4 ’103.35%Q4 ’11+18%+7%

Executive Summary

  • Earnings: ROA of 0.09%, down 51 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.71%.
  • Funding: loans stand at 72.56% of deposits as of Q4 2011.

Financial Results

Return on Assets (YTD, annualized)

0.09%-51 bps YoY

Net Interest Margin (YTD, annualized)

2.93%-77 bps YoY

Efficiency Ratio (YTD, annualized)

99.86%+2,167 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets0.60%-0.15%-0.02%0.08%0.09%-51 bps
Return on Equity6.30%-1.46%-0.21%0.80%0.85%-545 bps
Net Interest Margin3.69%2.73%2.67%2.83%2.93%-77 bps
Efficiency Ratio78.20%111.76%105.12%100.54%99.86%+2,167 bps
Non-Interest Burden2.74%3.10%2.83%2.85%2.92%+18 bps
Growth
Asset Growth (YoY)-5.67%-3.77%-5.55%-4.00%-3.81%+186 bps
Loan Growth (YoY)-19.67%-18.53%-14.16%-14.75%-13.38%+629 bps
Deposit Growth (YoY)-6.39%-5.18%-7.07%-4.51%-3.18%+321 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.44%-0.01%0.01%0.69%0.71%+26 bps
Allowance / Loans3.94%4.19%4.24%3.93%3.84%-10 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital16.02%16.07%16.58%16.98%17.07%+105 bps
Equity / Assets10.33%10.06%10.13%10.44%10.88%+55 bps
Liquidity & Funding
Loans / Deposits81.10%74.10%72.85%71.06%72.56%-854 bps
Liquid Assets / Assets12.67%13.97%16.20%12.74%10.31%-236 bps
CRE / Total Capitaln/an/an/an/an/an/an/a