PackageTrendsPeer
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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

5.33%Q3 ’085.11%Q3 ’095.13%Q3 ’10+12%+12%

Non-interest income vs. expense

3.41%Q3 ’083.34%Q3 ’093.11%Q3 ’10+6%+12%

Executive Summary

  • Earnings: ROA of 1.39%, up 11 bps year over year; NIM at 4.48%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 81.09% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

1.39%+11 bps YoY

Net Interest Margin (quarter, annualized)

4.48%+49 bps YoY

Efficiency Ratio (quarter, annualized)

56.06%-456 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.28%1.13%1.48%1.56%1.39%+11 bps
Return on Equity20.22%18.20%23.59%23.51%20.37%+15 bps
Net Interest Margin3.99%3.86%3.99%4.31%4.48%+49 bps
Efficiency Ratio60.61%61.90%57.48%54.36%56.06%-456 bps
Non-Interest Burden1.82%1.88%1.76%1.74%2.05%+23 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 / Loans0.36%0.21%0.04%0.04%0.15%-20 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