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Northern Nevada Bank

Reno, NV · Cert 35550

FDIC

Q3 2006

$156.7MAssets
$121.3MLoans
$130.2MDeposits
$17.4MEquity
Loan mix
42%RE $12.8M57%C&I $17.2M1%Consumer $0.2MQ3 2005Q3 2006
Deposit mix
88%Interest-bearing $114.2M12%Noninterest $16.0MQ3 2005Q3 2006

NIM

6.56%Q3 ’047.27%Q3 ’057.67%Q3 ’06+0%-6%

Non-interest income vs. expense

2.71%Q3 ’042.58%Q3 ’052.50%Q3 ’06-7%-7%

Executive Summary

  • Earnings: ROA of 1.59%, up 9 bps year over year; NIM at 4.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.32%.
  • Funding: loans stand at 93.14% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

1.59%+9 bps YoY

Net Interest Margin (quarter, annualized)

4.66%-31 bps YoY

Efficiency Ratio (quarter, annualized)

51.12%+59 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.51%1.60%1.34%1.35%1.59%+9 bps
Return on Equity13.27%14.72%12.42%12.23%14.26%+99 bps
Net Interest Margin4.97%4.97%4.95%4.77%4.66%-31 bps
Efficiency Ratio50.54%47.82%52.81%54.81%51.12%+59 bps
Non-Interest Burden2.45%2.23%2.50%2.51%2.27%-17 bps
Growth
Asset Growth (YoY)24.38%31.66%38.42%18.52%13.66%-1,072 bps
Loan Growth (YoY)32.55%44.69%31.65%13.58%2.98%-2,957 bps
Deposit Growth (YoY)17.38%23.42%35.78%15.07%11.63%-575 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.32%+32 bps
Allowance / Loans1.09%1.12%1.28%1.34%1.27%+19 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 Capital13.13%13.31%14.01%14.36%14.75%+162 bps
Equity / Assets11.07%10.73%10.80%11.23%11.14%+7 bps
Liquidity & Funding
Loans / Deposits100.97%104.25%97.96%98.33%93.14%-783 bps
Liquid Assets / Assets7.63%6.86%6.67%6.05%5.70%-193 bps
CRE / Total Capitaln/an/an/an/an/an/an/a