PackageTrendsPeer
Letter portraitLegal landscape

Centennial Bank

Ogden, UT · Cert 34430

FDIC

Q4 2009

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: Q4 2009, the quarter ended December 31, 2009, 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

Centennial Bank

Ogden, UT · Cert 34430

FDIC

Q4 2009

$212.8MAssets
$136.7MLoans
$205.1MDeposits
$6.4MEquity
Loan mix
85%RE $82.5M15%C&I $14.7M0%Consumer $0.1MQ4 2008Q4 2009
Deposit mix
92%Interest-bearing $189.5M8%Noninterest $15.5MQ4 2008Q4 2009

NIM

10.45%Q4 ’076.61%Q4 ’084.42%Q4 ’09-55%-39%

Non-interest income vs. expense

3.50%Q4 ’073.16%Q4 ’083.28%Q4 ’09-2%+86%

Executive Summary

  • Earnings: ROA of -6.31%, down 460 bps year over year; NIM at 1.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 10.04%.
  • Funding: loans stand at 66.64% of deposits as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

-6.31%-460 bps YoY

Net Interest Margin (YTD, annualized)

1.88%-119 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-1.71%-4.52%-3.16%-9.82%-6.31%-460 bps
Return on Equity-17.34%-53.13%-39.01%-151.90%-108.62%-9,128 bps
Net Interest Margin3.08%2.41%1.95%2.00%1.88%-119 bps
Efficiency Ratio106.21%146.35%262%n/an/an/a
Non-Interest Burden3.26%3.39%3.89%7.22%6.08%+282 bps
Growth
Asset Growth (YoY)-8.01%8.63%9.74%12.20%-1.15%+685 bps
Loan Growth (YoY)-14.55%-4.86%-6.03%3.35%-17.92%-337 bps
Deposit Growth (YoY)-8.27%12.21%13.32%22.69%6.09%+1,436 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.15%5.93%8.70%6.28%10.04%+689 bps
Allowance / Loans2.50%2.86%0.48%4.65%1.89%-61 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 Capital11.90%10.01%8.77%-0.19%0.01%-1,190 bps
Equity / Assets9.62%7.52%7.32%1.60%3.00%-662 bps
Liquidity & Funding
Loans / Deposits86.13%81.63%76.05%76.38%66.64%-1,949 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a