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Letter portraitLegal landscapeQuarterYTD

Town North Bank Nevada, National Association

Las Vegas, NV · Cert 57969

FDIC

Q4 2011

$11.1MAssets
$4.5MLoans
$500KDeposits
$10.6MEquity
Deposit mix
100%Interest-bearing $500K0%Noninterest $0KQ4 2010Q4 2011

NIM

16.20%Q4 ’0915.93%Q4 ’106.10%Q4 ’11+9%-62%

Non-interest income vs. expense

27.15%Q4 ’0914.28%Q4 ’1010.20%Q4 ’11-26%-28%

Executive Summary

  • Earnings: ROA of -0.58%, up 23 bps year over year; NIM at 5.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 11.61%.
  • Funding: loans stand at 906.20% of deposits as of Q4 2011.

Financial Results

Return on Assets (YTD, annualized)

-0.58%+23 bps YoY

Net Interest Margin (YTD, annualized)

5.98%-974 bps YoY

Efficiency Ratio (YTD, annualized)

124.33%+4,877 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets-0.81%-0.54%-0.94%-0.83%-0.58%+23 bps
Return on Equity-0.82%-0.57%-0.98%-0.87%-0.60%+21 bps
Net Interest Margin15.72%6.19%6.17%6.22%5.98%-974 bps
Efficiency Ratio75.56%129.05%122.02%117.06%124.33%+4,877 bps
Non-Interest Burden11.11%8.70%8.09%7.72%7.98%-313 bps
Growth
Asset Growth (YoY)-83.72%-83.70%-83.66%-2.02%0.09%+8,381 bps
Loan Growth (YoY)-35.18%-34.02%-36.13%-33.96%-32.98%+220 bps
Deposit Growth (YoY)0.00%0.00%0.00%0.00%0.00%0 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans17.28%12.13%12.39%11.97%11.61%-567 bps
Allowance / Loans17.26%15.49%14.88%13.81%10.73%-653 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 Capital165.11%176.55%191.01%199.57%205%+3,958 bps
Equity / Assets95.32%95.29%95.23%95.20%95.30%-1 bps
Liquidity & Funding
Loans / Deposits1352%1201%1055%976%906%-44,600 bps
Liquid Assets / Assets30.08%34.84%39.81%42.37%44.01%+1,393 bps
CRE / Total Capitaln/an/an/an/an/an/an/a