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Valley Bank and Trust Co.

Scottsbluff, NE · Cert 34186

FDIC · 11 branches

Q1 2016

$325.8MAssets
$260.9MLoans
$288.3MDeposits
$36.0MEquity
Loan mix
79%RE $168.8M15%C&I $32.0M5%Consumer $11.5MQ1 2015Q1 2016
Deposit mix
79%Interest-bearing $229.0M21%Noninterest $59.3MQ1 2015Q1 2016

NIM

4.02%Q1 ’143.87%Q1 ’153.87%Q1 ’16-3%0%

Non-interest income vs. expense

3.64%Q1 ’143.71%Q1 ’153.35%Q1 ’16+8%-2%

Market Position · Fort Collins, CO · 2015 SOD (annual) · 1.6% share · #14 of 29 inst. · $0.1B of $6.9B

14.4% Scotts Bluff
1.6% Larimer
16.6% Chase
20.4% Morrill

Executive Summary

  • Earnings: ROA of 0.56%, up 2 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.32%.
  • Capital: tier 1 leverage ratio of 9.96%, up 28 bps from a year ago.
  • Funding: loans stand at 90.48% of deposits as of Q1 2016.

Financial Results

Return on Assets (YTD, annualized)

0.56%+2 bps YoY

Net Interest Margin (YTD, annualized)

3.45%0 bps YoY

Efficiency Ratio (YTD, annualized)

81.91%-238 bps YoY

Tier 1 Leverage Ratio

9.96%+28 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets0.54%0.81%0.76%0.32%0.56%+2 bps
Return on Equity5.15%7.91%7.36%3.09%5.39%+25 bps
Net Interest Margin3.45%3.45%3.38%3.43%3.45%0 bps
Efficiency Ratio84.29%78.77%82.11%86.65%81.91%-238 bps
Non-Interest Burden2.73%2.31%2.60%2.83%2.69%-4 bps
Growth
Asset Growth (YoY)-2.22%8.71%5.26%7.28%-5.17%-295 bps
Loan Growth (YoY)-0.23%3.71%4.69%3.16%3.22%+346 bps
Deposit Growth (YoY)-2.17%9.52%5.65%8.40%-6.06%-389 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.02%0.10%0.07%0.32%+31 bps
Allowance / Loans1.32%1.27%1.26%1.78%1.70%+38 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.68%9.91%9.74%9.55%9.96%+28 bps
Total Risk-Based Capital13.41%12.98%13.35%12.99%13.26%-15 bps
Equity / Assets10.39%9.83%10.40%9.82%11.03%+64 bps
Liquidity & Funding
Loans / Deposits82.34%78.38%83.04%80.66%90.48%+813 bps
Liquid Assets / Assets4.54%4.14%10.30%5.95%3.39%-115 bps
CRE / Total Capitaln/an/an/an/an/an/an/a