PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First National Bank

Telluride, CO · Cert 33699

FDIC

Q4 2005

$159.5MAssets
$117.7MLoans
$133.4MDeposits
$10.4MEquity
Loan mix
79%RE $45.3M21%C&I $12.1M0%Consumer $0.3MQ4 2004Q4 2005
Deposit mix
71%Interest-bearing $95.4M29%Noninterest $38.0MQ4 2004Q4 2005

NIM

5.55%Q4 ’035.75%Q4 ’046.89%Q4 ’05+1%+7%

Non-interest income vs. expense

2.97%Q4 ’033.04%Q4 ’046.78%Q4 ’05-10%+182%

Executive Summary

  • Earnings: ROA of -0.83%, down 258 bps year over year; NIM at 5.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.15%.
  • Funding: loans stand at 88.24% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

-0.83%-258 bps YoY

Net Interest Margin (quarter, annualized)

5.24%+32 bps YoY

Efficiency Ratio (quarter, annualized)

117.50%+6,450 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.75%1.70%1.61%1.76%-0.83%-258 bps
Return on Equity23.70%22.73%22.21%24.50%-12.12%-3,582 bps
Net Interest Margin4.91%4.92%5.01%4.95%5.24%+32 bps
Efficiency Ratio53.00%53.90%53.47%50.70%117.50%+6,450 bps
Non-Interest Burden2.22%2.41%2.46%2.29%6.25%+403 bps
Growth
Asset Growth (YoY)29.59%22.08%29.91%16.26%27.19%-241 bps
Loan Growth (YoY)33.01%26.08%39.65%38.11%33.44%+43 bps
Deposit Growth (YoY)27.64%23.91%31.37%17.32%22.23%-541 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.03%0.14%-0.15%-15 bps
Allowance / Loans1.01%1.00%0.95%0.90%0.86%-15 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 Capital10.34%10.53%10.79%10.85%9.86%-47 bps
Equity / Assets7.64%7.32%7.14%7.23%6.51%-113 bps
Liquidity & Funding
Loans / Deposits80.82%73.94%77.64%77.60%88.24%+741 bps
Liquid Assets / Assets6.65%6.71%7.27%6.33%5.50%-115 bps
CRE / Total Capitaln/an/an/an/an/an/an/a