Fort Morgan, CO · Cert 9215
FDIC
Q3 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2008, the quarter ended September 30, 2008, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Fort Morgan, CO · Cert 9215
FDIC
Q3 2008
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.92% | 1.68% | 1.78% | 2.01% | 1.79% | 1.64% | 1.82% | 1.49% | -52 bps | |
| Return on Equity | 13.85% | 11.10% | 11.76% | 13.16% | 11.72% | 10.44% | 11.37% | 9.22% | -393 bps | |
| Net Interest Margin | 3.73% | 3.56% | 3.63% | 3.64% | 3.55% | 3.39% | 3.48% | 3.64% | 0 bps | |
| Efficiency Ratio | 58.05% | 58.73% | 57.48% | 57.87% | 61.72% | 59.00% | 60.56% | 64.82% | +695 bps | |
| Non-Interest Burden | 1.95% | 1.88% | 1.88% | 1.90% | 1.99% | 1.77% | 1.89% | 2.16% | +26 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -2.49% | -6.24% | -0.83% | 2.76% | 5.52% | 5.04% | 0.29% | -7.11% | -987 bps | |
| Loan Growth (YoY) | -6.91% | -8.75% | -2.13% | 3.74% | 3.41% | 8.62% | 7.82% | 8.70% | +495 bps | |
| Deposit Growth (YoY) | -4.37% | -6.60% | 1.26% | 11.34% | 9.22% | 6.91% | 2.10% | -6.85% | -1,819 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | -0.08% | 0.24% | 0.43% | 0.24% | 0.16% | -0.11% | -0.09% | 0.13% | -11 bps | |
| Allowance / Loans | 2.12% | 2.12% | 1.85% | 1.43% | 1.50% | 1.49% | 1.22% | 1.15% | -29 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | 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 | n/a | n/a | n/a |
| Total Risk-Based Capital | 30.43% | 31.63% | 30.03% | 29.74% | 29.25% | 29.63% | 29.08% | 27.62% | -211 bps | |
| Equity / Assets | 14.69% | 15.66% | 15.12% | 15.65% | 15.24% | 16.20% | 16.58% | 16.83% | +118 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 59.15% | 56.34% | 59.87% | 59.42% | 56.00% | 57.24% | 63.22% | 69.34% | +991 bps | |
| Liquid Assets / Assets | 8.11% | 8.27% | 8.27% | 7.98% | 7.67% | 0.26% | 0.25% | 0.25% | -772 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |