PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Firstbank of Northern Colorado

Fort Collins, CO · Cert 33799

FDIC

Q3 2010

$463.2MAssets
$331.3MLoans
$408.5MDeposits
$31.4MEquity
Loan mix
98%RE $292.6M2%C&I $4.9M0%Consumer $0.9MQ3 2009Q3 2010
Deposit mix
82%Interest-bearing $333.8M18%Noninterest $74.7MQ3 2009Q3 2010

NIM

5.19%Q3 ’084.97%Q3 ’094.85%Q3 ’10+16%+9%

Non-interest income vs. expense

3.45%Q3 ’083.36%Q3 ’092.98%Q3 ’10+7%-6%

Executive Summary

  • Earnings: ROA of 1.47%, up 25 bps year over year; NIM at 4.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 81.09% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

1.47%+25 bps YoY

Net Interest Margin (YTD, annualized)

4.15%+33 bps YoY

Efficiency Ratio (YTD, annualized)

55.92%-802 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.22%1.20%1.48%1.53%1.47%+25 bps
Return on Equity19.09%18.86%23.59%23.54%22.47%+339 bps
Net Interest Margin3.81%3.53%3.99%4.10%4.15%+33 bps
Efficiency Ratio63.94%63.39%57.48%55.85%55.92%-802 bps
Non-Interest Burden1.92%1.76%1.76%1.73%1.80%-12 bps
Growth
Asset Growth (YoY)15.90%35.58%30.83%20.03%18.98%+308 bps
Loan Growth (YoY)24.30%24.00%23.50%20.75%22.13%-217 bps
Deposit Growth (YoY)34.34%40.83%30.67%18.40%12.41%-2,193 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.20%0.19%0.04%0.04%0.07%-12 bps
Allowance / Loans1.36%1.43%1.41%1.43%1.45%+9 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 Capital11.26%11.19%11.62%11.96%11.82%+56 bps
Equity / Assets6.34%6.12%6.43%6.87%6.77%+43 bps
Liquidity & Funding
Loans / Deposits74.64%72.12%72.96%77.06%81.09%+645 bps
Liquid Assets / Assets8.16%7.39%7.20%7.09%6.68%-148 bps
CRE / Total Capitaln/an/an/an/an/an/an/a