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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

5.70%Q4 ’057.03%Q4 ’066.40%Q4 ’07+22%-11%

Non-interest income vs. expense

6.37%Q4 ’055.43%Q4 ’064.17%Q4 ’07-15%-28%

Executive Summary

  • Earnings: ROA of 5.38%, up 549 bps year over year; NIM at 3.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 62.66% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

5.38%+549 bps YoY

Net Interest Margin (quarter, annualized)

3.91%-46 bps YoY

Efficiency Ratio (quarter, annualized)

85.71%-1,626 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets-0.11%0.46%-6.57%-3.81%5.38%+549 bps
Return on Equity-1.40%5.48%-88.40%-55.19%68.85%+7,026 bps
Net Interest Margin4.37%4.72%4.19%4.05%3.91%-46 bps
Efficiency Ratio101.97%91.98%143.35%84.91%85.71%-1,626 bps
Non-Interest Burden4.48%4.27%6.37%3.12%3.22%-126 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 / Loans0.08%0.42%0.53%0.19%-0.01%-9 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