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First Community Industrial Bank

Denver, CO · Cert 90634

FDIC

Q3 2002

$372.7MAssets
$346.2MLoans
$240.5MDeposits
$30.8MEquity
Loan mix
99%RE $293.4M0%C&I $1.1M1%Consumer $2.0MQ3 2001Q3 2002
Deposit mix
100%Interest-bearing $240.5M0%Noninterest $0.1MQ3 2001Q3 2002

NIM

9.91%Q1 ’019.61%Q3 ’018.47%Q3 ’02+5%-4%

Non-interest income vs. expense

1.87%Q1 ’011.90%Q3 ’011.73%Q3 ’02+2%-9%

Executive Summary

  • Earnings: ROA of 1.11%, down 66 bps year over year; NIM at 4.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
  • Funding: loans stand at 143.94% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

1.11%-66 bps YoY

Net Interest Margin (quarter, annualized)

4.89%-20 bps YoY

Efficiency Ratio (quarter, annualized)

35.36%-189 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.77%1.77%1.51%1.73%1.11%-66 bps
Return on Equity10.79%11.10%9.76%10.68%8.82%-197 bps
Net Interest Margin5.10%5.06%4.63%4.90%4.89%-20 bps
Efficiency Ratio37.25%37.19%38.87%35.17%35.36%-189 bps
Non-Interest Burden1.89%1.86%1.79%1.72%1.72%-17 bps
Growth
Asset Growth (YoY)-0.98%-1.51%-2.68%-3.40%-11.30%-1,033 bps
Loan Growth (YoY)-1.39%-2.77%-4.37%-3.97%-7.02%-563 bps
Deposit Growth (YoY)24.17%24.19%19.35%2.29%3.56%-2,060 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.32%0.31%0.39%0.29%0.19%-13 bps
Allowance / Loans0.85%0.86%0.88%0.89%1.21%+35 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 Capital24.25%22.61%23.95%24.62%12.65%-1,161 bps
Equity / Assets16.59%15.21%15.78%16.64%8.25%-834 bps
Liquidity & Funding
Loans / Deposits160.31%155.50%148.33%156.30%143.94%-1,638 bps
Liquid Assets / Assets1.94%2.32%3.17%0.97%1.30%-64 bps
CRE / Total Capitaln/an/an/an/an/an/an/a