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Firstbank of Greeley

Greeley, CO · Cert 34307

FDIC

Q2 2007

$48.7MAssets
$27.8MLoans
$38.2MDeposits
$3.8MEquity
Loan mix
98%RE $21.6M1%C&I $0.3M1%Consumer $0.1MQ2 2006Q2 2007
Deposit mix
69%Interest-bearing $26.3M31%Noninterest $11.9MQ2 2006Q2 2007

NIM

4.82%Q2 ’055.03%Q2 ’065.32%Q2 ’07-13%-8%

Non-interest income vs. expense

4.11%Q2 ’054.33%Q2 ’064.34%Q2 ’07-12%+2%

Executive Summary

  • Earnings: ROA of 0.60%, down 31 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 72.66% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

0.60%-31 bps YoY

Net Interest Margin (quarter, annualized)

2.69%-23 bps YoY

Efficiency Ratio (quarter, annualized)

86.26%+434 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets0.91%0.68%0.28%0.29%0.60%-31 bps
Return on Equity11.20%8.30%3.51%3.67%7.59%-360 bps
Net Interest Margin2.91%2.80%2.65%2.63%2.69%-23 bps
Efficiency Ratio81.92%86.87%95.13%95.91%86.26%+434 bps
Non-Interest Burden1.96%2.15%2.42%2.44%2.00%+4 bps
Growth
Asset Growth (YoY)4.61%5.57%3.48%0.69%5.11%+50 bps
Loan Growth (YoY)15.57%15.43%16.00%12.86%17.46%+189 bps
Deposit Growth (YoY)16.14%7.48%5.66%3.90%-0.54%-1,669 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%0.07%0.16%0.06%0.26%+14 bps
Allowance / Loans0.91%0.91%0.94%1.03%1.01%+11 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 Capital16.85%16.64%15.87%16.14%15.17%-168 bps
Equity / Assets8.13%8.16%7.87%8.09%7.71%-42 bps
Liquidity & Funding
Loans / Deposits61.52%63.42%66.37%66.60%72.66%+1,114 bps
Liquid Assets / Assets15.24%14.91%14.70%14.88%13.97%-127 bps
CRE / Total Capitaln/an/an/an/an/an/an/a