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Grand Mountain Bank, FSB

Granby, CO · Cert 57531

FDIC · 4 branches

Q4 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2019, the quarter ended December 31, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Grand Mountain Bank, FSB

Granby, CO · Cert 57531

FDIC · 4 branches

Q4 2019

$132.5MAssets
$96.7MLoans
$119.7MDeposits
$12.4MEquity
Loan mix
92%RE $79.0M4%C&I $3.8M3%Consumer $2.7MQ4 2018Q4 2019
Deposit mix
77%Interest-bearing $91.7M23%Noninterest $28.0MQ4 2018Q4 2019

NIM

3.38%Q4 ’173.59%Q4 ’183.90%Q4 ’19+6%+5%

Non-interest income vs. expense

3.31%Q4 ’173.29%Q4 ’183.19%Q4 ’19+2%-6%

Executive Summary

  • Earnings: ROA of 0.70%, down 62 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.49% of loans (-20 bps YoY), with net recoveries of 0.06%.
  • Capital: tier 1 leverage ratio of 9.16%, down 16 bps from a year ago.
  • Funding: loans stand at 80.80% of deposits as of Q4 2019.

Financial Results

Return on Assets (YTD, annualized)

0.70%-62 bps YoY

Net Interest Margin (YTD, annualized)

3.61%+16 bps YoY

Efficiency Ratio (YTD, annualized)

78.73%-774 bps YoY

Tier 1 Leverage Ratio

9.16%-16 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets1.32%0.50%0.59%0.65%0.70%-62 bps
Return on Equity13.45%5.05%5.96%6.68%7.20%-626 bps
Net Interest Margin3.45%3.79%3.72%3.56%3.61%+16 bps
Efficiency Ratio86.47%83.85%81.79%79.94%78.73%-774 bps
Non-Interest Burden2.91%3.09%2.95%2.75%2.73%-18 bps
Growth
Asset Growth (YoY)4.45%9.05%11.42%12.08%16.26%+1,181 bps
Loan Growth (YoY)16.02%18.83%21.03%18.94%26.04%+1,001 bps
Deposit Growth (YoY)7.40%12.01%14.55%12.63%19.13%+1,172 bps
Asset Quality
Nonperforming Loans / Loans0.69%0.41%0.38%0.38%0.49%-20 bps
Net Charge-Offs / Loans-0.12%-0.03%-0.04%-0.04%-0.06%+6 bps
Allowance / Loans1.48%1.41%1.35%1.36%1.23%-24 bps
Allowance Coverage of NPLs2.1x3.5x3.5x3.6x2.5x+0.4x
Capital
Tier 1 Leverage Ratio9.33%9.55%9.39%8.99%9.16%-16 bps
Total Risk-Based Capital18.21%17.32%17.08%17.09%16.26%-195 bps
Equity / Assets10.03%9.92%9.76%9.33%9.40%-63 bps
Liquidity & Funding
Loans / Deposits76.37%76.29%77.31%72.50%80.80%+443 bps
Liquid Assets / Assets13.12%12.31%16.95%24.02%16.00%+288 bps
CRE / Total Capitaln/an/an/an/an/an/an/a