First State Bank, Colorado Springs

Colorado Springs, CO · Cert 90666

FDIC

Q1 2004

$14.5MAssets

$8.9MLoans

$12.4MDeposits

$1.6MEquity

Loan mix

Deposit mix

NIM

Earnings: ROA of -1.33%, down 190 bps year over year; NIM at 3.65%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.72%.
Funding: loans stand at 71.62% of deposits as of Q1 2004.

Return on Assets (YTD, annualized)

-1.33%-190 bps YoY

Net Interest Margin (YTD, annualized)

3.65%-55 bps YoY

Efficiency Ratio (YTD, annualized)

118.54%+3,010 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q1 2003	Q2 2003	Q3 2003	Q4 2003	Q1 2004	YoY Δ	Trend
Earnings
Return on Assets	0.58%	0.16%	0.57%	0.26%	-1.33%	-190 bps
Return on Equity	5.28%	1.44%	5.15%	2.37%	-11.52%	-1,680 bps
Net Interest Margin	4.20%	4.05%	4.01%	4.08%	3.65%	-55 bps
Efficiency Ratio	88.44%	91.60%	87.24%	91.08%	118.54%	+3,010 bps
Non-Interest Burden	3.22%	3.31%	2.88%	3.35%	4.54%	+132 bps
Growth
Asset Growth (YoY)	1.54%	-6.64%	-6.64%	-6.59%	-4.17%	-571 bps
Loan Growth (YoY)	11.36%	-6.65%	-4.02%	-10.03%	-17.07%	-2,843 bps
Deposit Growth (YoY)	-0.47%	-7.02%	-7.19%	-6.39%	-1.51%	-104 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.45%	0.50%	0.37%	0.57%	0.72%	+27 bps
Allowance / Loans	2.24%	2.52%	2.61%	2.58%	2.72%	+48 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	14.20%	15.06%	15.46%	15.70%	15.90%	+170 bps
Equity / Assets	11.08%	10.95%	11.23%	11.76%	11.28%	+21 bps
Liquidity & Funding
Loans / Deposits	85.06%	73.48%	74.44%	76.72%	71.62%	-1,344 bps
Liquid Assets / Assets	12.34%	12.71%	15.94%	17.10%	17.16%	+482 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a