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Bank of Albuquerque, National Association

Albuquerque, NM · Cert 34992

FDIC

Q4 2010

$1.9BAssets
$368.8MLoans
$1.3BDeposits
$156.7MEquity
Loan mix
75%RE $224.6M25%C&I $75.3M0%Consumer $1.3MQ4 2009Q4 2010
Deposit mix
97%Interest-bearing $1.2B3%Noninterest $0.0BQ4 2009Q4 2010

NIM

2.90%Q4 ’082.48%Q4 ’092.37%Q4 ’10+54%+4%

Non-interest income vs. expense

2.04%Q4 ’082.03%Q4 ’091.73%Q4 ’10+14%-97%

Executive Summary

  • Earnings: ROA of 0.97%, up 113 bps year over year; NIM at 1.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.75%.
  • Funding: loans stand at 28.82% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

0.97%+113 bps YoY

Net Interest Margin (quarter, annualized)

1.85%+7 bps YoY

Efficiency Ratio (quarter, annualized)

48.83%-2,031 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-0.17%0.23%0.80%0.53%0.97%+113 bps
Return on Equity-2.69%2.77%9.85%6.67%11.94%+1,463 bps
Net Interest Margin1.77%1.91%2.13%1.83%1.85%+7 bps
Efficiency Ratio69.14%60.08%59.88%55.18%48.83%-2,031 bps
Non-Interest Burden0.87%0.77%0.70%0.36%0.03%-84 bps
Growth
Asset Growth (YoY)21.40%-19.89%15.02%-26.30%19.94%-146 bps
Loan Growth (YoY)-11.79%-18.64%-18.53%-10.34%-4.73%+706 bps
Deposit Growth (YoY)8.83%4.98%4.43%10.65%7.67%-116 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.87%3.05%0.39%2.83%0.75%-212 bps
Allowance / Loans3.01%3.28%3.26%3.12%3.16%+15 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 Capital16.99%17.60%17.95%17.91%18.45%+146 bps
Equity / Assets8.26%8.42%7.95%7.96%8.23%-3 bps
Liquidity & Funding
Loans / Deposits32.57%30.19%28.25%27.93%28.82%-375 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