PackageTrendsPeer
Letter portraitLegal landscape

First State Bank

Flagstaff, AZ · Cert 34875

FDIC

Q2 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: Q2 2009, the quarter ended June 30, 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

First State Bank

Flagstaff, AZ · Cert 34875

FDIC

Q2 2009

$107.2MAssets
$81.4MLoans
$95.7MDeposits
$4.5MEquity
Loan mix
86%RE $57.3M14%C&I $9.3M0%Consumer $0.1MQ2 2008Q2 2009
Deposit mix
82%Interest-bearing $79.0M18%Noninterest $16.8MQ2 2008Q2 2009

NIM

7.45%Q2 ’076.28%Q2 ’085.22%Q2 ’09-24%-24%

Non-interest income vs. expense

4.55%Q2 ’074.34%Q2 ’086.82%Q2 ’09-7%+60%

Executive Summary

  • Earnings: ROA of -9.49%, down 935 bps year over year; NIM at 2.95%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 10.01%.
  • Funding: loans stand at 84.99% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-9.49%-935 bps YoY

Net Interest Margin (YTD, annualized)

2.95%-94 bps YoY

Efficiency Ratio (YTD, annualized)

196.06%+9,519 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-0.14%-1.54%-3.37%-3.72%-9.49%-935 bps
Return on Equity-1.37%-16.09%-37.01%-49.74%-147.22%-14,585 bps
Net Interest Margin3.89%3.99%3.49%2.68%2.95%-94 bps
Efficiency Ratio100.87%98.32%104.26%148.69%196.06%+9,519 bps
Non-Interest Burden3.93%3.92%3.66%4.20%6.29%+237 bps
Growth
Asset Growth (YoY)19.14%13.26%8.78%-3.50%-7.75%-2,688 bps
Loan Growth (YoY)25.35%21.96%7.80%-8.15%-13.95%-3,930 bps
Deposit Growth (YoY)23.41%15.78%22.95%10.78%9.87%-1,354 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%1.26%1.93%9.67%10.01%+1,005 bps
Allowance / Loans0.95%1.74%3.27%2.25%3.13%+218 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 Capital11.09%9.94%9.22%9.41%5.72%-537 bps
Equity / Assets9.77%8.29%7.38%7.57%4.19%-557 bps
Liquidity & Funding
Loans / Deposits108.52%99.74%93.82%88.43%84.99%-2,354 bps
Liquid Assets / Assets0.00%0.00%0.58%0.00%0.07%+7 bps
CRE / Total Capitaln/an/an/an/an/an/an/a