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Nevada First Bank

Las Vegas, NV · Cert 34543

FDIC

Q1 2006

$570.8MAssets
$407.7MLoans
$422.1MDeposits
$122.0MEquity
Loan mix
6%RE $9.0M90%C&I $145.8M4%Consumer $6.8MQ1 2005Q1 2006
Deposit mix
66%Interest-bearing $277.5M34%Noninterest $144.6MQ1 2005Q1 2006

NIM

5.93%Q1 ’046.24%Q1 ’057.64%Q1 ’060%+10%

Non-interest income vs. expense

2.65%Q1 ’042.94%Q1 ’053.83%Q1 ’06+7%+56%

Executive Summary

  • Earnings: ROA of 0.09%, down 133 bps year over year; NIM at 5.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 96.58% of deposits as of Q1 2006.

Financial Results

Return on Assets (YTD, annualized)

0.09%-133 bps YoY

Net Interest Margin (YTD, annualized)

5.37%+51 bps YoY

Efficiency Ratio (YTD, annualized)

70.12%+1,575 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets1.41%1.50%1.61%1.42%0.09%-133 bps
Return on Equity14.44%15.63%17.23%15.25%0.54%-1,390 bps
Net Interest Margin4.86%4.65%4.39%4.52%5.37%+51 bps
Efficiency Ratio54.37%53.58%51.44%57.05%70.12%+1,575 bps
Non-Interest Burden2.39%2.30%2.09%2.44%3.73%+135 bps
Growth
Asset Growth (YoY)21.57%25.94%41.64%31.12%57.49%+3,592 bps
Loan Growth (YoY)36.71%40.60%40.96%30.29%32.10%-461 bps
Deposit Growth (YoY)23.32%24.18%41.92%29.68%33.65%+1,034 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.05%-0.03%-0.02%0.00%+1 bps
Allowance / Loans1.26%1.13%1.07%1.11%1.44%+18 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 Capital10.97%10.24%10.39%10.45%9.91%-105 bps
Equity / Assets9.76%9.23%8.76%9.10%21.37%+1,162 bps
Liquidity & Funding
Loans / Deposits97.71%98.42%91.81%94.58%96.58%-113 bps
Liquid Assets / Assets0.00%0.00%2.77%3.22%2.61%+261 bps
CRE / Total Capitaln/an/an/an/an/an/an/a