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Firstbank of Colorado Springs

Colorado Springs, CO · Cert 34107

FDIC

Q3 2010

$198.3MAssets
$99.3MLoans
$182.4MDeposits
$14.8MEquity
Loan mix
98%RE $75.8M2%C&I $1.3M0%Consumer $0.3MQ3 2009Q3 2010
Deposit mix
83%Interest-bearing $151.5M17%Noninterest $30.9MQ3 2009Q3 2010

NIM

5.86%Q3 ’085.18%Q3 ’094.78%Q3 ’10+4%-1%

Non-interest income vs. expense

2.97%Q3 ’083.06%Q3 ’093.27%Q3 ’10+8%+5%

Executive Summary

  • Earnings: ROA of 1.37%, unchanged from a year ago; NIM at 4.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.97%.
  • Funding: loans stand at 54.44% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

1.37%0 bps YoY

Net Interest Margin (quarter, annualized)

4.22%-2 bps YoY

Efficiency Ratio (quarter, annualized)

58.50%+281 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.37%1.18%1.78%1.00%1.37%0 bps
Return on Equity18.51%15.89%24.12%13.55%18.64%+13 bps
Net Interest Margin4.24%4.12%4.22%4.28%4.22%-2 bps
Efficiency Ratio55.69%60.80%56.91%56.21%58.50%+281 bps
Non-Interest Burden1.81%2.02%1.97%1.82%1.90%+9 bps
Growth
Asset Growth (YoY)1.59%8.89%2.37%2.03%0.69%-89 bps
Loan Growth (YoY)1.92%6.05%5.49%4.23%1.83%-9 bps
Deposit Growth (YoY)15.11%12.37%2.05%1.89%0.56%-1,455 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.36%0.91%0.29%0.41%1.97%+161 bps
Allowance / Loans2.02%2.10%1.88%2.36%2.07%+5 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 Capital14.67%14.59%14.49%14.10%14.48%-19 bps
Equity / Assets7.50%7.32%7.48%7.23%7.44%-6 bps
Liquidity & Funding
Loans / Deposits53.76%52.60%54.42%53.85%54.44%+68 bps
Liquid Assets / Assets17.21%16.17%16.50%16.04%18.31%+110 bps
CRE / Total Capitaln/an/an/an/an/an/an/a