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Foothills Bank

Wheat Ridge, CO · Cert 34180

FDIC

Q3 2005

$137.2MAssets
$94.2MLoans
$125.7MDeposits
$10.4MEquity
Loan mix
63%RE $16.6M36%C&I $9.4M1%Consumer $0.4MQ3 2004Q3 2005
Deposit mix
68%Interest-bearing $85.0M32%Noninterest $40.7MQ3 2004Q3 2005

NIM

5.27%Q3 ’035.59%Q3 ’046.19%Q3 ’05+7%+6%

Non-interest income vs. expense

2.94%Q3 ’032.83%Q3 ’044.45%Q3 ’05-2%+76%

Executive Summary

  • Earnings: ROA of -1.07%, down 198 bps year over year; NIM at 4.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.30%.
  • Funding: loans stand at 74.94% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

-1.07%-198 bps YoY

Net Interest Margin (quarter, annualized)

4.32%+24 bps YoY

Efficiency Ratio (quarter, annualized)

97.76%+3,502 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.91%1.11%0.96%0.27%-1.07%-198 bps
Return on Equity9.73%11.94%10.40%3.07%-13.36%-2,309 bps
Net Interest Margin4.08%4.21%4.30%4.30%4.32%+24 bps
Efficiency Ratio62.74%63.33%65.91%89.31%97.76%+3,502 bps
Non-Interest Burden2.40%2.57%2.76%3.81%4.22%+182 bps
Growth
Asset Growth (YoY)19.06%18.05%10.38%16.85%23.12%+406 bps
Loan Growth (YoY)24.41%12.55%14.94%13.86%4.69%-1,972 bps
Deposit Growth (YoY)22.67%28.97%13.16%19.94%27.34%+468 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.00%0.05%-0.05%0.30%+21 bps
Allowance / Loans1.17%1.18%1.13%1.17%1.25%+7 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 Capital10.93%11.82%11.34%11.14%10.64%-29 bps
Equity / Assets9.38%9.25%9.27%8.53%7.59%-178 bps
Liquidity & Funding
Loans / Deposits91.15%85.13%93.15%83.91%74.94%-1,622 bps
Liquid Assets / Assets3.68%2.13%0.00%0.00%0.00%-368 bps
CRE / Total Capitaln/an/an/an/an/an/an/a