PackageTrendsPeer
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Mesa National Bank

Grand Junction, CO · Cert 32770

FDIC

Q4 2003

$320.4MAssets
$259.5MLoans
$259.5MDeposits
$29.5MEquity
Loan mix
71%RE $32.6M28%C&I $12.9M1%Consumer $0.5MQ1 2002Q4 2003
Deposit mix
77%Interest-bearing $200.7M23%Noninterest $58.9MQ1 2002Q4 2003

Executive Summary

  • Earnings: ROA of 2.47%, up 8 bps year over year; NIM at 4.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 99.97% of deposits as of Q4 2003.

Return on Assets (quarter, annualized)

2.47%+8 bps YoY

Net Interest Margin (quarter, annualized)

4.98%+20 bps YoY

Efficiency Ratio (quarter, annualized)

56.72%-437 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.69%Q4 ’016.00%Q4 ’025.85%Q4 ’03+3%+4%

Non-interest income vs. expense

3.93%Q4 ’013.89%Q4 ’023.55%Q4 ’03-2%-1%

Discrete quarter, annualized.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets-1.21%2.17%2.15%2.39%1.74%1.76%2.15%2.47%+8 bps
Return on Equity-16.16%26.53%24.10%26.99%19.63%19.68%23.28%26.49%-50 bps
Net Interest Margin4.67%4.94%4.95%4.78%4.68%4.63%4.90%4.98%+20 bps
Efficiency Ratio68.65%62.29%62.47%61.09%67.88%66.22%61.89%56.72%-437 bps
Non-Interest Burden2.79%2.52%2.56%2.30%2.72%2.55%2.48%2.27%-3 bps
Growth
Asset Growth (YoY)1.79%7.80%9.86%15.54%16.97%19.72%11.06%2.70%-1,284 bps
Loan Growth (YoY)13.67%14.09%11.75%12.00%16.09%19.42%20.41%14.57%+257 bps
Deposit Growth (YoY)8.09%8.35%5.56%13.18%10.85%7.06%6.75%1.90%-1,127 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 / Loans0.09%0.06%0.03%0.13%0.00%0.10%0.13%0.10%-3 bps
Allowance / Loans1.74%1.71%1.76%1.71%1.73%1.67%1.68%1.72%+2 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 Capital10.18%11.34%11.68%11.43%11.79%11.72%12.06%12.08%+66 bps
Equity / Assets7.39%8.94%8.87%8.85%8.92%8.99%9.45%9.20%+35 bps
Liquidity & Funding
Loans / Deposits87.58%91.14%89.55%88.92%91.72%101.65%101.01%99.97%+1,105 bps
Liquid Assets / Assets0.04%0.02%0.02%0.02%0.02%0.01%0.03%0.01%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a