PackageTrendsPeer
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Firstbank of Evergreen

Evergreen, CO · Cert 34447

FDIC

Q3 2010

$203.8MAssets
$89.3MLoans
$187.0MDeposits
$14.7MEquity
Loan mix
99%RE $75.8M1%C&I $0.4M0%Consumer $0.3MQ3 2009Q3 2010
Deposit mix
84%Interest-bearing $156.6M16%Noninterest $30.4MQ3 2009Q3 2010

NIM

5.38%Q3 ’084.91%Q3 ’094.62%Q3 ’10+7%+6%

Non-interest income vs. expense

2.68%Q3 ’082.68%Q3 ’092.71%Q3 ’10+21%+0%

Executive Summary

  • Earnings: ROA of 0.93%, down 13 bps year over year; NIM at 3.95%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.84%.
  • Funding: loans stand at 47.77% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

0.93%-13 bps YoY

Net Interest Margin (YTD, annualized)

3.95%+21 bps YoY

Efficiency Ratio (YTD, annualized)

57.99%-243 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.06%1.03%0.92%0.89%0.93%-13 bps
Return on Equity16.15%15.51%13.61%12.91%13.26%-288 bps
Net Interest Margin3.74%3.71%3.94%3.95%3.95%+21 bps
Efficiency Ratio60.41%59.42%55.73%58.94%57.99%-243 bps
Non-Interest Burden1.99%1.91%1.86%2.06%1.99%0 bps
Growth
Asset Growth (YoY)17.73%12.48%17.27%9.90%6.56%-1,117 bps
Loan Growth (YoY)22.60%21.39%16.92%9.35%2.56%-2,004 bps
Deposit Growth (YoY)21.88%14.76%13.36%8.89%5.61%-1,626 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.71%0.63%0.07%0.13%0.84%+13 bps
Allowance / Loans1.38%1.65%1.95%2.19%2.07%+68 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 Capital12.66%13.02%13.35%13.49%13.80%+113 bps
Equity / Assets6.80%6.89%6.69%7.16%7.19%+39 bps
Liquidity & Funding
Loans / Deposits49.19%50.46%47.80%49.44%47.77%-142 bps
Liquid Assets / Assets17.22%16.31%15.39%19.33%18.26%+104 bps
CRE / Total Capitaln/an/an/an/an/an/an/a