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Millennium Bank

Edwards, CO · Cert 57175

FDIC

Q2 2012

$251.0MAssets
$170.9MLoans
$225.9MDeposits
$17.8MEquity
Loan mix
83%RE $122.1M14%C&I $20.8M3%Consumer $4.1MQ2 2011Q2 2012
Deposit mix
87%Interest-bearing $196.4M13%Noninterest $29.5MQ2 2011Q2 2012

NIM

4.68%Q2 ’104.92%Q2 ’114.44%Q2 ’12+17%-5%

Non-interest income vs. expense

3.27%Q2 ’103.77%Q2 ’113.71%Q2 ’12+2%-7%

Executive Summary

  • Earnings: ROA of -0.39%, up 44 bps year over year; NIM at 3.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.54%.
  • Funding: loans stand at 75.67% of deposits as of Q2 2012.

Financial Results

Return on Assets (quarter, annualized)

-0.39%+44 bps YoY

Net Interest Margin (quarter, annualized)

3.72%-18 bps YoY

Efficiency Ratio (quarter, annualized)

92.36%-189 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets-0.83%-0.30%-0.92%-0.51%-0.39%+44 bps
Return on Equity-11.66%-4.06%-12.55%-7.30%-5.62%+604 bps
Net Interest Margin3.90%3.89%3.76%3.75%3.72%-18 bps
Efficiency Ratio94.25%94.03%102.92%92.29%92.36%-189 bps
Non-Interest Burden3.67%3.65%3.87%3.42%3.41%-26 bps
Growth
Asset Growth (YoY)-12.13%-10.69%-6.05%-5.09%-2.97%+916 bps
Loan Growth (YoY)-8.38%-13.15%-10.04%-8.57%-7.05%+134 bps
Deposit Growth (YoY)-10.03%-8.62%-4.47%-3.44%-1.85%+818 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.30%0.46%3.14%2.11%1.54%-276 bps
Allowance / Loans2.74%3.09%2.77%2.61%2.61%-13 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 Capital10.47%10.67%10.53%10.25%10.44%-3 bps
Equity / Assets7.23%7.54%7.13%6.91%7.10%-13 bps
Liquidity & Funding
Loans / Deposits79.90%76.49%75.13%73.60%75.67%-423 bps
Liquid Assets / Assets0.02%0.01%0.03%0.06%0.03%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a