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High Desert State Bank

Albuquerque, NM · Cert 35279

FDIC

Q1 2010

$80.3MAssets
$57.0MLoans
$81.0MDeposits
$-735KEquity
Deposit mix
97%Interest-bearing $78.6M3%Noninterest $2.4MQ1 2009Q1 2010

NIM

7.09%Q1 ’083.97%Q1 ’093.22%Q1 ’10-66%+71%

Non-interest income vs. expense

2.71%Q1 ’083.57%Q1 ’094.18%Q1 ’10+42%+185%

Executive Summary

  • Earnings: ROA of -17.92%, down 989 bps year over year; NIM at 1.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.28%.
  • Funding: loans stand at 70.43% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-17.92%-989 bps YoY

Net Interest Margin (YTD, annualized)

1.73%+71 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-8.03%-5.10%-8.42%-8.21%-17.92%-989 bps
Return on Equity-81.03%-54.08%-99.85%-108.88%-1341%-125,978 bps
Net Interest Margin1.01%1.27%1.18%1.18%1.73%+71 bps
Efficiency Ratio420%309%811%5812%n/an/a
Non-Interest Burden3.73%3.83%5.03%6.28%10.62%+690 bps
Growth
Asset Growth (YoY)-5.11%4.40%-6.90%-16.11%-11.98%-687 bps
Loan Growth (YoY)-10.03%-9.58%-15.08%-6.78%-17.60%-757 bps
Deposit Growth (YoY)-3.91%7.48%-1.11%-9.48%-2.00%+191 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.40%0.89%1.26%7.28%+728 bps
Allowance / Loans3.39%3.25%5.77%5.48%7.40%+400 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 Capital12.13%11.43%7.53%5.52%-1.15%-1,328 bps
Equity / Assets9.25%8.45%5.19%3.53%-0.91%-1,016 bps
Liquidity & Funding
Loans / Deposits83.77%79.39%80.49%79.42%70.43%-1,333 bps
Liquid Assets / Assets8.83%6.89%5.41%4.72%2.88%-595 bps
CRE / Total Capitaln/an/an/an/an/an/an/a