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Black Mountain Community Bank

Henderson, NV · Cert 35421

FDIC

Q4 2009

$177.2MAssets
$140.0MLoans
$149.4MDeposits
$12.5MEquity
Loan mix
89%RE $77.2M11%C&I $9.9M0%Consumer $0.1MQ4 2008Q4 2009
Deposit mix
90%Interest-bearing $134.8M10%Noninterest $14.7MQ4 2008Q4 2009

NIM

8.03%Q4 ’076.57%Q4 ’084.54%Q4 ’09-15%-29%

Non-interest income vs. expense

2.62%Q4 ’071.86%Q4 ’082.07%Q4 ’09-28%+13%

Executive Summary

  • Earnings: ROA of -2.92%, down 449 bps year over year; NIM at 2.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.57%.
  • Funding: loans stand at 93.68% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

-2.92%-449 bps YoY

Net Interest Margin (quarter, annualized)

2.82%-117 bps YoY

Efficiency Ratio (quarter, annualized)

71.20%+2,578 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets1.57%0.80%-0.34%-2.11%-2.92%-449 bps
Return on Equity16.70%8.87%-3.92%-25.36%-38.80%-5,550 bps
Net Interest Margin3.99%3.52%3.85%3.79%2.82%-117 bps
Efficiency Ratio45.42%59.47%58.34%53.71%71.20%+2,578 bps
Non-Interest Burden1.75%2.05%2.17%1.98%1.98%+23 bps
Growth
Asset Growth (YoY)6.86%5.28%5.50%13.62%12.45%+559 bps
Loan Growth (YoY)4.93%5.55%6.40%-1.17%-2.83%-776 bps
Deposit Growth (YoY)7.99%5.71%6.31%19.54%23.62%+1,563 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.58%2.51%1.01%4.57%+454 bps
Allowance / Loans1.23%1.14%1.09%1.70%2.85%+163 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 Capital10.31%10.42%10.16%10.04%9.32%-98 bps
Equity / Assets9.12%8.82%8.69%7.98%7.08%-204 bps
Liquidity & Funding
Loans / Deposits119.19%113.93%116.39%104.93%93.68%-2,551 bps
Liquid Assets / Assets4.26%8.65%6.75%13.49%18.16%+1,390 bps
CRE / Total Capitaln/an/an/an/an/an/an/a