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Nevada Security Bank

Reno, NV · Cert 57110

FDIC

Q1 2010

$492.5MAssets
$342.2MLoans
$479.8MDeposits
$12.0MEquity
Loan mix
77%RE $176.4M22%C&I $51.0M0%Consumer $0.3MQ1 2009Q1 2010
Deposit mix
92%Interest-bearing $441.7M8%Noninterest $38.0MQ1 2009Q1 2010

NIM

6.60%Q1 ’085.58%Q1 ’094.10%Q1 ’10-16%-24%

Non-interest income vs. expense

2.60%Q1 ’082.56%Q1 ’093.45%Q1 ’10-81%+591%

Executive Summary

  • Earnings: ROA of -1.37%, down 210 bps year over year; NIM at 2.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.35%.
  • Funding: loans stand at 71.33% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-1.37%-210 bps YoY

Net Interest Margin (quarter, annualized)

2.18%-70 bps YoY

Efficiency Ratio (quarter, annualized)

138.09%+8,726 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.73%-14.55%-5.81%-9.46%-1.37%-210 bps
Return on Equity7.85%-196.37%-111.97%-246%-52.85%-6,070 bps
Net Interest Margin2.89%1.97%1.74%2.07%2.18%-70 bps
Efficiency Ratio50.84%238%132.18%227%138.09%+8,726 bps
Non-Interest Burden0.46%6.57%2.35%4.99%3.18%+272 bps
Growth
Asset Growth (YoY)-6.49%-7.25%-3.10%-10.24%-13.97%-748 bps
Loan Growth (YoY)-6.93%-10.74%-15.15%-18.98%-19.77%-1,283 bps
Deposit Growth (YoY)10.73%14.94%5.36%3.07%-2.20%-1,293 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.08%0.67%8.92%11.47%2.35%+127 bps
Allowance / Loans2.16%3.92%3.87%3.68%3.57%+141 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 Capital11.33%8.93%7.65%4.37%4.11%-722 bps
Equity / Assets9.38%5.49%4.86%2.73%2.44%-694 bps
Liquidity & Funding
Loans / Deposits86.95%81.15%79.17%74.20%71.33%-1,562 bps
Liquid Assets / Assets0.44%15.07%8.52%6.53%19.60%+1,917 bps
CRE / Total Capitaln/an/an/an/an/an/an/a