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Bank of Tucson

Tucson, AZ · Cert 34189

FDIC

Q4 2010

$224.4MAssets
$159.3MLoans
$208.2MDeposits
$15.6MEquity
Loan mix
63%RE $78.9M36%C&I $44.9M2%Consumer $2.5MQ4 2009Q4 2010
Deposit mix
67%Interest-bearing $139.3M33%Noninterest $68.8MQ4 2009Q4 2010

NIM

6.93%Q4 ’086.07%Q4 ’095.06%Q4 ’10-9%-13%

Non-interest income vs. expense

2.77%Q4 ’082.64%Q4 ’092.86%Q4 ’10+13%+15%

Executive Summary

  • Earnings: ROA of 0.35%, down 15 bps year over year; NIM at 4.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.62%.
  • Funding: loans stand at 76.54% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

0.35%-15 bps YoY

Net Interest Margin (quarter, annualized)

4.69%-69 bps YoY

Efficiency Ratio (quarter, annualized)

61.39%+1,336 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets0.50%1.22%0.84%0.50%0.35%-15 bps
Return on Equity5.45%13.11%9.22%6.27%4.97%-48 bps
Net Interest Margin5.38%5.16%4.98%4.20%4.69%-69 bps
Efficiency Ratio48.03%53.44%52.29%60.65%61.39%+1,336 bps
Non-Interest Burden2.52%2.65%2.58%2.42%2.89%+37 bps
Growth
Asset Growth (YoY)8.01%6.34%11.70%3.83%9.42%+141 bps
Loan Growth (YoY)0.15%1.28%1.05%-4.01%-5.52%-567 bps
Deposit Growth (YoY)3.95%5.81%11.71%6.02%20.69%+1,675 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.43%0.23%1.03%1.34%1.62%-81 bps
Allowance / Loans1.13%1.28%1.46%1.58%1.49%+36 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 Capital11.80%12.74%13.56%11.15%10.56%-124 bps
Equity / Assets9.26%9.37%8.77%7.15%6.93%-233 bps
Liquidity & Funding
Loans / Deposits97.78%87.21%74.38%74.21%76.54%-2,124 bps
Liquid Assets / Assets9.13%14.67%24.45%24.06%22.52%+1,339 bps
CRE / Total Capitaln/an/an/an/an/an/an/a