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Larimer Bank of Commerce

Fort Collins, CO · Cert 58521

FDIC

Q4 2010

$97.2MAssets
$86.8MLoans
$85.4MDeposits
$8.8MEquity
Loan mix
86%RE $54.2M14%C&I $8.6M0%Consumer $0.0MQ4 2009Q4 2010
Deposit mix
95%Interest-bearing $81.3M5%Noninterest $4.1MQ4 2009Q4 2010

NIM

6.25%Q4 ’085.80%Q4 ’095.50%Q4 ’10+13%+17%

Non-interest income vs. expense

1.17%Q4 ’081.60%Q4 ’092.11%Q4 ’10+35%+31%

Executive Summary

  • Earnings: ROA of 1.05%, up 225 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.87%.
  • Funding: loans stand at 101.68% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

1.05%+225 bps YoY

Net Interest Margin (quarter, annualized)

3.83%+56 bps YoY

Efficiency Ratio (quarter, annualized)

54.30%+592 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-1.20%0.24%1.29%1.02%1.05%+225 bps
Return on Equity-13.38%2.76%14.74%11.70%11.86%+2,525 bps
Net Interest Margin3.28%3.74%3.72%3.89%3.83%+56 bps
Efficiency Ratio48.38%45.48%39.08%37.38%54.30%+592 bps
Non-Interest Burden1.57%1.68%1.29%1.42%2.05%+48 bps
Growth
Asset Growth (YoY)1.20%4.99%5.28%8.77%8.20%+700 bps
Loan Growth (YoY)0.76%2.94%3.62%6.22%9.60%+884 bps
Deposit Growth (YoY)15.74%18.63%17.92%22.39%22.33%+659 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.89%0.00%1.22%0.29%1.87%-302 bps
Allowance / Loans1.85%2.25%2.03%2.16%1.66%-19 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 Capital12.22%12.06%12.24%12.33%12.05%-17 bps
Equity / Assets8.83%8.66%8.79%8.71%9.05%+21 bps
Liquidity & Funding
Loans / Deposits113.49%107.83%103.54%100.78%101.68%-1,181 bps
Liquid Assets / Assets9.46%9.54%9.93%11.37%7.92%-154 bps
CRE / Total Capitaln/an/an/an/an/an/an/a