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Gold Canyon Bank

Gold Canyon, AZ · Cert 58066

FDIC

Q1 2013

$42.1MAssets
$25.2MLoans
$41.7MDeposits
$372KEquity
Loan mix
80%RE $17.1M14%C&I $2.9M7%Consumer $1.4MQ1 2012Q1 2013
Deposit mix
89%Interest-bearing $37.1M11%Noninterest $4.6MQ1 2012Q1 2013

NIM

3.92%Q1 ’113.15%Q1 ’122.92%Q1 ’13-22%+9%

Non-interest income vs. expense

3.87%Q1 ’113.80%Q1 ’125.07%Q1 ’13-3%+91%

Executive Summary

  • Earnings: ROA of -4.87%, down 322 bps year over year; NIM at 2.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 60.37% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

-4.87%-322 bps YoY

Net Interest Margin (quarter, annualized)

2.33%+20 bps YoY

Efficiency Ratio (quarter, annualized)

3050%+287,313 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets-1.65%-2.21%-1.85%-5.03%-4.87%-322 bps
Return on Equity-42.52%-64.34%-57.01%-184.02%-319%-27,663 bps
Net Interest Margin2.13%2.27%2.46%2.22%2.33%+20 bps
Efficiency Ratio176.88%165.83%181.46%205%3050%+287,313 bps
Non-Interest Burden3.79%3.92%4.50%4.61%7.24%+345 bps
Growth
Asset Growth (YoY)0.15%-6.70%-14.58%-24.55%-29.25%-2,941 bps
Loan Growth (YoY)-7.14%-4.21%-5.60%-3.31%-7.42%-28 bps
Deposit Growth (YoY)0.40%-5.72%-13.05%-22.93%-27.22%-2,762 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.21%3.46%-1.34%1.75%0.00%+21 bps
Allowance / Loans2.33%2.16%2.51%3.35%3.56%+123 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 Capital7.37%6.67%5.97%4.19%2.55%-482 bps
Equity / Assets3.64%3.22%3.29%2.12%0.88%-275 bps
Liquidity & Funding
Loans / Deposits47.46%51.10%56.19%60.57%60.37%+1,291 bps
Liquid Assets / Assets3.34%3.63%4.01%0.00%0.00%-334 bps
CRE / Total Capitaln/an/an/an/an/an/an/a