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Southern Colorado National Bank

Pueblo, CO · Cert 57263

FDIC

Q3 2009

$37.1MAssets
$24.4MLoans
$29.6MDeposits
$780KEquity
Loan mix
80%RE $15.0M19%C&I $3.6M0%Consumer $0.1MQ3 2008Q3 2009
Deposit mix
89%Interest-bearing $26.2M11%Noninterest $3.4MQ3 2008Q3 2009

NIM

7.30%Q3 ’076.29%Q3 ’084.62%Q3 ’09-4%-53%

Non-interest income vs. expense

3.31%Q3 ’073.46%Q3 ’085.22%Q3 ’09+27%+54%

Executive Summary

  • Earnings: ROA of -8.28%, down 241 bps year over year; NIM at 1.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.13%.
  • Funding: loans stand at 82.35% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

-8.28%-241 bps YoY

Net Interest Margin (quarter, annualized)

1.71%-197 bps YoY

Efficiency Ratio (quarter, annualized)

279%+18,898 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-5.87%-2.08%-8.74%-2.71%-8.28%-241 bps
Return on Equity-77.13%-34.39%-181.65%-71.06%-287%-21,015 bps
Net Interest Margin3.68%2.40%2.25%1.88%1.71%-197 bps
Efficiency Ratio89.85%126.27%160.47%320%279%+18,898 bps
Non-Interest Burden3.29%3.05%3.56%5.87%5.06%+177 bps
Growth
Asset Growth (YoY)9.31%29.76%14.63%-8.41%-25.83%-3,514 bps
Loan Growth (YoY)16.77%4.76%-10.86%-24.50%-30.85%-4,762 bps
Deposit Growth (YoY)1.64%32.46%22.64%4.64%-17.17%-1,881 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%4.64%11.46%3.31%5.13%+509 bps
Allowance / Loans3.31%3.39%4.98%4.51%5.66%+235 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 Capital10.13%10.05%6.93%6.52%3.91%-622 bps
Equity / Assets6.66%5.50%4.03%3.56%2.10%-456 bps
Liquidity & Funding
Loans / Deposits98.64%74.85%67.96%76.79%82.35%-1,629 bps
Liquid Assets / Assets3.15%1.78%0.13%0.08%0.28%-287 bps
CRE / Total Capitaln/an/an/an/an/an/an/a