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Letter portraitLegal landscapeQuarterYTD

Great Basin Bank of Nevada

Elko, NV · Cert 33824

FDIC

Q1 2009

$238.9MAssets
$135.4MLoans
$220.8MDeposits
$7.3MEquity
Loan mix
74%RE $82.9M18%C&I $20.8M8%Consumer $9.0MQ1 2008Q1 2009
Deposit mix
66%Interest-bearing $146.0M34%Noninterest $74.8MQ1 2008Q1 2009

NIM

7.40%Q1 ’076.43%Q1 ’084.92%Q1 ’09-18%-21%

Non-interest income vs. expense

5.21%Q1 ’074.24%Q1 ’085.31%Q1 ’09-18%-22%

Executive Summary

  • Earnings: ROA of 1.32%, up 149 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.51%.
  • Funding: loans stand at 61.31% of deposits as of Q1 2009.

Financial Results

Return on Assets (quarter, annualized)

1.32%+149 bps YoY

Net Interest Margin (quarter, annualized)

3.39%-92 bps YoY

Efficiency Ratio (quarter, annualized)

85.89%+626 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets-0.17%0.83%-8.34%-9.42%1.32%+149 bps
Return on Equity-2.48%12.93%-158.51%-279%49.25%+5,174 bps
Net Interest Margin4.31%4.37%3.70%3.89%3.39%-92 bps
Efficiency Ratio79.63%78.70%93.17%100.19%85.89%+626 bps
Non-Interest Burden3.22%3.26%3.39%3.89%2.52%-71 bps
Growth
Asset Growth (YoY)16.28%21.10%12.89%4.22%-9.56%-2,584 bps
Loan Growth (YoY)7.99%10.08%11.54%-2.94%-9.74%-1,773 bps
Deposit Growth (YoY)5.04%5.13%9.56%16.35%-0.24%-529 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.14%0.73%0.05%15.56%7.51%+537 bps
Allowance / Loans1.44%1.38%3.65%4.66%3.01%+157 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 Capital10.09%10.11%7.52%4.45%5.33%-476 bps
Equity / Assets6.76%6.09%4.41%2.33%3.06%-371 bps
Liquidity & Funding
Loans / Deposits67.76%69.55%66.15%58.84%61.31%-645 bps
Liquid Assets / Assets0.10%0.09%0.10%3.61%6.51%+641 bps
CRE / Total Capitaln/an/an/an/an/an/an/a