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Letter portraitLegal landscapeQuarterYTD

First Independent Bank of Nevada

Reno, NV · Cert 35202

FDIC

Q3 2010

$558.8MAssets
$375.6MLoans
$486.5MDeposits
$52.4MEquity
Loan mix
85%RE $200.8M14%C&I $33.6M1%Consumer $2.3MQ3 2009Q3 2010
Deposit mix
74%Interest-bearing $362.2M26%Noninterest $124.3MQ3 2009Q3 2010

NIM

4.92%Q3 ’084.95%Q3 ’094.69%Q3 ’10+11%+9%

Non-interest income vs. expense

20.73%Q3 ’083.18%Q3 ’092.86%Q3 ’10-83%-23%

Executive Summary

  • Earnings: ROA of 0.63%, up 219 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 1.11%.
  • Funding: loans stand at 77.20% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

0.63%+219 bps YoY

Net Interest Margin (YTD, annualized)

3.95%+32 bps YoY

Efficiency Ratio (YTD, annualized)

66.95%-2,636 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 Assets-1.56%-1.73%0.26%0.41%0.63%+219 bps
Return on Equity-14.38%-16.30%2.76%4.37%6.64%+2,103 bps
Net Interest Margin3.63%3.62%4.08%3.90%3.95%+32 bps
Efficiency Ratio93.31%90.78%58.90%64.30%66.95%-2,636 bps
Non-Interest Burden3.57%3.47%2.25%2.50%2.75%-82 bps
Growth
Asset Growth (YoY)5.40%7.35%6.37%9.16%7.31%+191 bps
Loan Growth (YoY)-1.98%8.92%5.99%4.63%8.72%+1,069 bps
Deposit Growth (YoY)9.79%11.75%8.16%11.46%8.49%-130 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.45%2.71%2.40%1.31%1.11%-234 bps
Allowance / Loans1.54%2.35%2.31%2.23%2.03%+50 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 Capital14.06%12.30%12.71%12.70%13.44%-62 bps
Equity / Assets10.17%9.62%9.38%9.27%9.38%-79 bps
Liquidity & Funding
Loans / Deposits77.03%83.30%78.42%77.38%77.20%+16 bps
Liquid Assets / Assets8.86%0.88%5.94%5.01%5.05%-381 bps
CRE / Total Capitaln/an/an/an/an/an/an/a