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 $0.3MQ1 2004Q4 2005
Deposit mix
71%Interest-bearing $95.4M29%Noninterest $38.0MQ1 2004Q4 2005

Executive Summary

  • Earnings: ROA of 1.01%, down 54 bps year over year; NIM at 4.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 88.24% of deposits as of Q4 2005.

Return on Assets (YTD, annualized)

1.01%-54 bps YoY

Net Interest Margin (YTD, annualized)

4.73%+31 bps YoY

Efficiency Ratio (YTD, annualized)

70.65%+1,384 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.29%Q4 ’035.09%Q4 ’046.02%Q4 ’05-3%+7%

Non-interest income vs. expense

2.90%Q4 ’032.82%Q4 ’043.67%Q4 ’05-6%+41%

Year to date, annualized, through each quarter.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.33%1.38%1.45%1.55%1.70%1.66%1.70%1.01%-54 bps
Return on Equity16.91%17.63%19.00%20.26%22.73%22.50%23.15%14.14%-612 bps
Net Interest Margin4.74%4.68%4.53%4.42%4.92%4.87%4.66%4.73%+31 bps
Efficiency Ratio60.00%60.13%58.37%56.82%53.90%53.68%52.63%70.65%+1,384 bps
Non-Interest Burden2.67%2.62%2.44%2.28%2.41%2.39%2.24%3.21%+93 bps
Growth
Asset Growth (YoY)38.09%24.55%27.14%29.59%22.08%29.91%16.26%27.19%-241 bps
Loan Growth (YoY)34.85%32.81%32.39%33.01%26.08%39.65%38.11%33.44%+43 bps
Deposit Growth (YoY)41.12%26.25%28.66%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.01%0.02%0.01%0.00%0.02%0.06%0.00%-1 bps
Allowance / Loans1.12%1.19%1.12%1.01%1.00%0.95%0.90%0.86%-15 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 Capital10.94%11.06%10.59%10.34%10.53%10.79%10.85%9.86%-47 bps
Equity / Assets7.47%7.78%7.15%7.64%7.32%7.14%7.23%6.51%-113 bps
Liquidity & Funding
Loans / Deposits72.67%73.04%65.92%80.82%73.94%77.64%77.60%88.24%+741 bps
Liquid Assets / Assets6.88%7.83%6.79%6.65%6.71%7.27%6.33%5.50%-115 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a