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Letter portraitLegal landscapeQuarterYTD

First National Bank of Stratton, The

Stratton, CO · Cert 3059

FDIC

Q4 2007

$53.3MAssets
$30.1MLoans
$48.0MDeposits
$4.5MEquity
Loan mix
71%RE $7.5M28%C&I $2.9M1%Consumer $0.1MQ4 2006Q4 2007
Deposit mix
84%Interest-bearing $40.3M16%Noninterest $7.7MQ4 2006Q4 2007

NIM

5.83%Q4 ’056.56%Q4 ’066.76%Q4 ’07+1%-1%

Non-interest income vs. expense

4.84%Q4 ’056.16%Q4 ’065.45%Q4 ’07+34%-18%

Executive Summary

  • Earnings: ROA of -1.12%, up 94 bps year over year; NIM at 4.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.34%.
  • Funding: loans stand at 62.66% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

-1.12%+94 bps YoY

Net Interest Margin (YTD, annualized)

4.23%-6 bps YoY

Efficiency Ratio (YTD, annualized)

100.53%-1,657 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets-2.05%0.46%-3.11%-3.35%-1.12%+94 bps
Return on Equity-27.40%5.48%-39.91%-43.82%-14.33%+1,307 bps
Net Interest Margin4.29%4.72%4.43%4.29%4.23%-6 bps
Efficiency Ratio117.10%91.98%116.53%104.82%100.53%-1,657 bps
Non-Interest Burden5.19%4.27%5.30%4.56%4.26%-93 bps
Growth
Asset Growth (YoY)10.45%8.98%9.52%6.30%8.03%-242 bps
Loan Growth (YoY)17.00%15.72%5.70%-2.84%-15.45%-3,245 bps
Deposit Growth (YoY)8.93%7.30%10.12%13.41%8.18%-75 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.99%0.42%0.47%0.40%0.34%-66 bps
Allowance / Loans1.70%1.55%2.96%4.88%3.53%+184 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 Capital11.92%11.73%9.82%11.12%13.92%+200 bps
Equity / Assets8.51%8.31%6.57%7.23%8.39%-12 bps
Liquidity & Funding
Loans / Deposits80.18%78.68%76.34%72.80%62.66%-1,752 bps
Liquid Assets / Assets0.72%0.69%0.68%1.64%2.06%+135 bps
CRE / Total Capitaln/an/an/an/an/an/an/a