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Montrosebank

Montrose, CO · Cert 90528

FDIC · 6 branches

Q4 2014

$238.4MAssets
$81.1MLoans
$213.3MDeposits
$25.0MEquity
Loan mix
90%RE $59.0M6%C&I $3.7M4%Consumer $2.9MQ4 2013Q4 2014
Deposit mix
66%Interest-bearing $140.0M34%Noninterest $73.3MQ4 2013Q4 2014

NIM

3.91%Q4 ’123.73%Q4 ’133.35%Q4 ’14-4%-10%

Non-interest income vs. expense

2.88%Q4 ’122.75%Q4 ’132.18%Q4 ’14+1%-32%

Executive Summary

  • Earnings: ROA of 1.78%, up 35 bps year over year; NIM at 3.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 38.04% of deposits as of Q4 2014.

Financial Results

Return on Assets (quarter, annualized)

1.78%+35 bps YoY

Net Interest Margin (quarter, annualized)

3.22%-36 bps YoY

Efficiency Ratio (quarter, annualized)

55.35%-1,062 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets1.43%1.41%1.35%1.37%1.78%+35 bps
Return on Equity13.71%13.62%13.01%13.13%17.03%+332 bps
Net Interest Margin3.59%3.45%3.48%3.28%3.22%-36 bps
Efficiency Ratio65.97%65.45%66.21%65.44%55.35%-1,062 bps
Non-Interest Burden2.17%2.03%2.12%1.97%1.47%-70 bps
Growth
Asset Growth (YoY)0.54%2.49%5.09%4.63%4.70%+415 bps
Loan Growth (YoY)-10.48%-10.28%-9.99%-8.07%-8.23%+224 bps
Deposit Growth (YoY)0.77%2.91%5.28%4.72%4.66%+390 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.79%0.47%-0.04%0.10%+12 bps
Allowance / Loans2.01%1.89%1.77%1.82%1.84%-17 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 Capital22.85%23.18%23.02%23.77%23.85%+100 bps
Equity / Assets10.40%10.25%10.48%10.46%10.49%+8 bps
Liquidity & Funding
Loans / Deposits43.39%40.35%40.76%39.56%38.04%-535 bps
Liquid Assets / Assets26.31%27.49%26.27%28.77%27.12%+81 bps
CRE / Total Capitaln/an/an/an/an/an/an/a