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Firstbank of Arizona, Inc.

Phoenix, AZ · Cert 58044

FDIC

Q1 2011

$149.2MAssets
$98.7MLoans
$117.1MDeposits
$31.5MEquity
Loan mix
99%RE $52.2M1%C&I $0.3M0%Consumer $0.1MQ1 2010Q1 2011
Deposit mix
85%Interest-bearing $99.5M15%Noninterest $17.6MQ1 2010Q1 2011

NIM

4.33%Q1 ’094.22%Q1 ’104.29%Q1 ’11+10%+16%

Non-interest income vs. expense

5.40%Q1 ’094.84%Q1 ’105.35%Q1 ’11-15%+8%

Executive Summary

  • Earnings: ROA of -1.07%, up 5 bps year over year; NIM at 3.68%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 84.29% of deposits as of Q1 2011.

Financial Results

Return on Assets (quarter, annualized)

-1.07%+5 bps YoY

Net Interest Margin (quarter, annualized)

3.68%+51 bps YoY

Efficiency Ratio (quarter, annualized)

126.66%-961 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets-1.12%-3.01%-3.16%-2.77%-1.07%+5 bps
Return on Equity-4.13%-11.09%-12.40%-11.35%-4.78%-65 bps
Net Interest Margin3.17%3.19%3.31%3.60%3.68%+51 bps
Efficiency Ratio136.27%209%227%196.66%126.66%-961 bps
Non-Interest Burden4.46%6.10%6.47%6.74%4.81%+35 bps
Growth
Asset Growth (YoY)13.55%14.13%2.33%0.75%20.98%+743 bps
Loan Growth (YoY)33.68%30.83%7.80%8.45%29.23%-445 bps
Deposit Growth (YoY)18.54%16.40%8.22%4.36%33.31%+1,477 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.77%2.29%0.03%0.02%+2 bps
Allowance / Loans2.21%2.53%2.50%2.38%2.30%+10 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 Capital33.02%31.70%30.36%29.84%27.31%-571 bps
Equity / Assets28.16%26.08%24.95%23.77%21.11%-705 bps
Liquidity & Funding
Loans / Deposits86.95%85.95%86.83%89.69%84.29%-266 bps
Liquid Assets / Assets0.02%0.02%0.02%0.00%1.02%+101 bps
CRE / Total Capitaln/an/an/an/an/an/an/a