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Kit Carson State Bank

Kit Carson, CO · Cert 9216

FDIC

Q3 2012

$81.8MAssets
$37.9MLoans
$73.6MDeposits
$8.0MEquity
Loan mix
69%RE $13.0M26%C&I $4.9M5%Consumer $0.9MQ3 2011Q3 2012
Deposit mix
78%Interest-bearing $57.3M22%Noninterest $16.3MQ3 2011Q3 2012

NIM

5.75%Q3 ’104.96%Q3 ’114.20%Q3 ’12-10%-11%

Non-interest income vs. expense

3.21%Q3 ’103.15%Q3 ’113.04%Q3 ’12-10%+8%

Executive Summary

  • Earnings: ROA of 0.91%, down 27 bps year over year; NIM at 3.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 51.58% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

0.91%-27 bps YoY

Net Interest Margin (YTD, annualized)

3.74%-46 bps YoY

Efficiency Ratio (YTD, annualized)

73.57%+926 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets1.18%1.09%1.07%1.03%0.91%-27 bps
Return on Equity10.95%10.16%10.47%9.93%8.95%-200 bps
Net Interest Margin4.21%4.09%4.04%4.00%3.74%-46 bps
Efficiency Ratio64.31%66.34%66.18%71.79%73.57%+926 bps
Non-Interest Burden2.45%2.51%2.54%2.76%2.65%+20 bps
Growth
Asset Growth (YoY)9.61%10.67%10.47%11.19%19.94%+1,033 bps
Loan Growth (YoY)-1.41%-5.83%-9.86%1.18%-3.54%-212 bps
Deposit Growth (YoY)10.30%10.97%11.06%12.01%22.27%+1,197 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.00%0.07%0.05%+4 bps
Allowance / Loans1.43%1.46%1.58%1.37%1.45%+2 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 Capital18.45%18.12%18.14%18.48%20.10%+165 bps
Equity / Assets11.20%10.42%10.10%10.51%9.78%-142 bps
Liquidity & Funding
Loans / Deposits65.38%59.97%52.51%59.98%51.58%-1,380 bps
Liquid Assets / Assets8.06%8.34%5.57%7.53%27.06%+1,901 bps
CRE / Total Capitaln/an/an/an/an/an/an/a