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American Bank of Commerce

Provo, UT · Cert 34232

FDIC · 3 branches

Q3 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2018, the quarter ended September 30, 2018, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

American Bank of Commerce

Provo, UT · Cert 34232

FDIC · 3 branches

Q3 2018

$96.1MAssets
$73.8MLoans
$81.9MDeposits
$13.4MEquity
Loan mix
97%RE $69.1M2%C&I $1.7M1%Consumer $0.4MQ3 2017Q3 2018
Deposit mix
55%Interest-bearing $44.9M45%Noninterest $37.0MQ3 2017Q3 2018

NIM

4.76%Q3 ’164.68%Q3 ’175.67%Q3 ’18-2%+20%

Non-interest income vs. expense

4.95%Q3 ’164.61%Q3 ’175.04%Q3 ’18-21%+9%

Market Position · Provo-Orem, UT · 2018 SOD (annual) · 0.8% share · #11 of 13 inst. · $0.1B of $8.3B

0.9% Utah
3.1% Wasatch

Executive Summary

  • Earnings: ROA of 1.97%, up 86 bps year over year; NIM at 5.38%.
  • Asset quality: problem loans at 0.00% of loans (-132 bps YoY), with net recoveries of 0.18%.
  • Capital: tier 1 leverage ratio of 14.37%, up 129 bps from a year ago.
  • Funding: loans stand at 90.01% of deposits as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

1.97%+86 bps YoY

Net Interest Margin (YTD, annualized)

5.38%+89 bps YoY

Efficiency Ratio (YTD, annualized)

65.18%-438 bps YoY

Tier 1 Leverage Ratio

14.37%+129 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets1.11%1.14%1.63%2.11%1.97%+86 bps
Return on Equity8.54%8.58%11.44%15.03%14.05%+551 bps
Net Interest Margin4.49%4.73%5.29%5.19%5.38%+89 bps
Efficiency Ratio69.56%70.40%70.18%63.91%65.18%-438 bps
Non-Interest Burden2.47%2.68%3.06%2.20%2.69%+22 bps
Growth
Asset Growth (YoY)14.98%-7.75%6.42%4.51%7.12%-786 bps
Loan Growth (YoY)9.17%5.21%10.10%19.76%15.32%+615 bps
Deposit Growth (YoY)15.60%-10.77%5.24%2.57%6.25%-934 bps
Asset Quality
Nonperforming Loans / Loans1.32%0.58%0.47%0.43%0.00%-132 bps
Net Charge-Offs / Loans0.00%0.24%0.00%-0.27%-0.18%-18 bps
Allowance / Loans1.37%1.10%1.04%1.15%1.19%-18 bps
Allowance Coverage of NPLs1.0x1.9x2.2x2.7xn/an/a
Capital
Tier 1 Leverage Ratio13.08%14.04%14.97%14.76%14.37%+129 bps
Total Risk-Based Capital19.11%18.83%17.50%17.95%18.85%-26 bps
Equity / Assets13.29%14.62%13.84%13.79%13.91%+63 bps
Liquidity & Funding
Loans / Deposits82.93%93.08%90.67%92.52%90.01%+708 bps
Liquid Assets / Assets2.13%2.12%1.60%1.31%1.79%-34 bps
CRE / Total Capitaln/an/an/an/an/an/an/a