PackageTrendsPeer
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Weld County Bank

Evans, CO · Cert 34502

FDIC

Q2 2008

$562.6MAssets
$421.3MLoans
$418.5MDeposits
$42.5MEquity
Loan mix
79%RE $275.7M21%C&I $74.1M0%Consumer $0.3MQ2 2007Q2 2008
Deposit mix
92%Interest-bearing $383.6M8%Noninterest $34.9MQ2 2007Q2 2008

NIM

7.03%Q2 ’067.26%Q2 ’075.77%Q2 ’08-10%-39%

Non-interest income vs. expense

2.78%Q2 ’062.70%Q2 ’072.56%Q2 ’08-1%-2%

Executive Summary

  • Earnings: ROA of -0.10%, down 65 bps year over year; NIM at 1.99%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.33%.
  • Funding: loans stand at 100.67% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

-0.10%-65 bps YoY

Net Interest Margin (quarter, annualized)

1.99%-126 bps YoY

Efficiency Ratio (quarter, annualized)

107.92%+3,538 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.55%0.43%0.31%0.29%1-0.10%-65 bps
Return on Equity6.57%5.26%3.94%3.76%-1.31%-788 bps
Net Interest Margin3.25%3.17%2.81%2.24%1.99%-126 bps
Efficiency Ratio72.53%77.30%80.50%89.29%107.92%+3,538 bps
Non-Interest Burden2.23%2.34%2.18%1.94%2.18%-6 bps
Growth
Asset Growth (YoY)10.32%27.26%22.83%19.61%18.53%+821 bps
Loan Growth (YoY)13.78%17.80%14.22%11.55%6.26%-752 bps
Deposit Growth (YoY)-1.32%21.61%23.21%21.06%21.08%+2,240 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%0.29%-0.09%0.37%0.33%+26 bps
Allowance / Loans1.09%1.03%1.10%1.03%1.03%-6 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 Capital10.14%10.04%10.01%10.10%10.13%-1 bps
Equity / Assets8.41%7.90%7.82%7.75%7.56%-85 bps
Liquidity & Funding
Loans / Deposits114.72%101.17%99.90%98.89%100.67%-1,404 bps
Liquid Assets / Assets4.13%3.90%4.63%3.73%7.89%+376 bps
CRE / Total Capitaln/an/an/an/an/an/an/a