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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

6.51%Q4 ’084.03%Q4 ’093.41%Q4 ’10-41%-2%

Non-interest income vs. expense

1.77%Q4 ’083.20%Q4 ’092.97%Q4 ’10+112%-27%

Executive Summary

  • Earnings: ROA of -6.34%, up 618 bps year over year; NIM at 1.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 8.49%.
  • Funding: loans stand at 77.75% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

-6.34%+618 bps YoY

Net Interest Margin (quarter, annualized)

1.77%-4 bps YoY

Efficiency Ratio (quarter, annualized)

145.58%-9,683 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-12.52%0.12%-0.02%-8.18%-6.34%+618 bps
Return on Equity-281%4.09%-0.80%-351%-1230%-94,925 bps
Net Interest Margin1.80%2.23%1.94%2.00%1.77%-4 bps
Efficiency Ratio242%94.73%108.52%96.92%145.58%-9,683 bps
Non-Interest Burden3.68%2.11%2.12%1.88%2.70%-99 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 / Loans1.45%1.99%5.24%3.09%8.49%+703 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