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Firstier Bank

Louisville, CO · Cert 57646

FDIC

Q4 2010

$764.1MAssets
$558.9MLoans
$718.8MDeposits
$-2655KEquity
Loan mix
86%RE $412.4M14%C&I $65.4M0%Consumer $0.1MQ4 2009Q4 2010
Deposit mix
97%Interest-bearing $694.1M3%Noninterest $24.7MQ4 2009Q4 2010

NIM

5.82%Q4 ’084.81%Q4 ’094.05%Q4 ’10-11%-10%

Non-interest income vs. expense

1.77%Q4 ’082.01%Q4 ’092.92%Q4 ’10+20%+17%

Executive Summary

  • Earnings: ROA of -3.44%, up 88 bps year over year; NIM at 2.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.01%.
  • Funding: loans stand at 77.75% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

-3.44%+88 bps YoY

Net Interest Margin (YTD, annualized)

2.12%-23 bps YoY

Efficiency Ratio (YTD, annualized)

108.01%+2,328 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-4.32%0.12%0.05%1-2.56%-3.44%+88 bps
Return on Equity-72.27%4.09%1.62%-96.72%-164.78%-9,251 bps
Net Interest Margin2.36%2.23%2.11%2.17%2.12%-23 bps
Efficiency Ratio84.72%94.73%101.16%99.26%108.01%+2,328 bps
Non-Interest Burden1.99%2.11%2.13%2.15%2.34%+35 bps
Growth
Asset Growth (YoY)10.98%7.72%-3.25%-11.70%-12.03%-2,301 bps
Loan Growth (YoY)-1.73%-9.26%-14.35%-16.97%-20.52%-1,879 bps
Deposit Growth (YoY)25.08%23.13%10.83%-1.64%-5.19%-3,026 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.39%1.99%3.69%3.59%5.01%+362 bps
Allowance / Loans5.24%5.00%4.07%6.20%6.43%+119 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 Capital5.02%5.13%5.35%2.90%-0.40%-541 bps
Equity / Assets2.96%2.89%3.27%1.36%-0.35%-331 bps
Liquidity & Funding
Loans / Deposits92.75%84.13%84.66%83.07%77.75%-1,500 bps
Liquid Assets / Assets0.00%0.00%0.01%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a