PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Firstbank of Adams County

Thornton, CO · Cert 35273

FDIC

Q3 2010

$223.9MAssets
$54.7MLoans
$202.9MDeposits
$18.0MEquity
Loan mix
99%RE $40.1M0%C&I $0.1M1%Consumer $0.4MQ3 2009Q3 2010
Deposit mix
85%Interest-bearing $173.2M15%Noninterest $29.7MQ3 2009Q3 2010

NIM

5.20%Q3 ’084.55%Q3 ’094.21%Q3 ’10-4%+2%

Non-interest income vs. expense

3.65%Q3 ’083.10%Q3 ’093.24%Q3 ’10+4%+17%

Executive Summary

  • Earnings: ROA of 1.12%, down 43 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.34%.
  • Funding: loans stand at 26.94% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

1.12%-43 bps YoY

Net Interest Margin (YTD, annualized)

3.30%+8 bps YoY

Efficiency Ratio (YTD, annualized)

62.83%+252 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 Assets1.55%1.49%1.13%1.19%1.12%-43 bps
Return on Equity25.12%23.50%16.07%16.28%14.95%-1,017 bps
Net Interest Margin3.23%3.25%3.22%3.19%3.30%+8 bps
Efficiency Ratio60.32%61.53%63.90%63.62%62.83%+252 bps
Non-Interest Burden1.18%1.25%1.39%1.36%1.38%+20 bps
Growth
Asset Growth (YoY)26.53%22.58%7.18%5.24%5.87%-2,066 bps
Loan Growth (YoY)15.17%6.28%-1.89%-2.04%1.36%-1,381 bps
Deposit Growth (YoY)29.46%23.90%4.43%3.08%4.08%-2,538 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.03%0.76%0.17%0.39%1.34%+32 bps
Allowance / Loans1.42%1.61%2.05%2.18%2.31%+89 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 Capital14.86%14.51%15.50%16.35%17.00%+213 bps
Equity / Assets7.08%6.92%7.19%7.81%8.04%+96 bps
Liquidity & Funding
Loans / Deposits27.66%27.47%25.96%26.84%26.94%-72 bps
Liquid Assets / Assets23.84%21.11%20.00%22.96%23.29%-55 bps
CRE / Total Capitaln/an/an/an/an/an/an/a