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Community First Bank - Chicago

Chicago, IL · Cert 57948

FDIC

Q4 2010

$51.1MAssets
$33.9MLoans
$49.5MDeposits
$1.3MEquity
Loan mix
92%RE $27.4M8%C&I $2.5M0%Consumer $0.0MQ4 2009Q4 2010
Deposit mix
93%Interest-bearing $46.1M7%Noninterest $3.4MQ4 2009Q4 2010

NIM

5.17%Q4 ’084.33%Q4 ’093.65%Q4 ’10+26%-5%

Non-interest income vs. expense

5.67%Q4 ’084.99%Q4 ’095.51%Q4 ’10-12%+7%

Executive Summary

  • Earnings: ROA of -2.79%, up 565 bps year over year; NIM at 2.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.81%.
  • Funding: loans stand at 68.44% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

-2.79%+565 bps YoY

Net Interest Margin (quarter, annualized)

2.56%-13 bps YoY

Efficiency Ratio (quarter, annualized)

194.71%+1,544 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-8.43%-2.05%-3.16%-4.01%-2.79%+565 bps
Return on Equity-132.54%-40.79%-76.28%-121.24%-102.98%+2,956 bps
Net Interest Margin2.68%2.64%2.43%2.45%2.56%-13 bps
Efficiency Ratio179.27%174.75%243%249%194.71%+1,544 bps
Non-Interest Burden4.89%4.70%5.61%6.43%5.24%+34 bps
Growth
Asset Growth (YoY)-11.65%-7.93%-1.46%-5.32%-8.79%+285 bps
Loan Growth (YoY)-13.25%-9.76%-12.92%-8.98%-15.50%-225 bps
Deposit Growth (YoY)-4.27%4.52%11.68%4.41%-5.83%-157 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.58%0.00%3.23%0.33%2.81%-177 bps
Allowance / Loans6.36%6.36%6.25%6.39%6.20%-16 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 Capital7.22%6.63%5.96%4.78%4.06%-316 bps
Equity / Assets5.50%4.60%3.68%2.90%2.49%-302 bps
Liquidity & Funding
Loans / Deposits76.27%71.40%65.21%66.64%68.44%-783 bps
Liquid Assets / Assets0.35%0.33%0.16%0.17%0.19%-16 bps
CRE / Total Capitaln/an/an/an/an/an/an/a