Western Bank

Saint Paul, MN · Cert 10203

FDIC · 5 branches

Q2 2015

$525.7MAssets

$254.9MLoans

$421.8MDeposits

$60.6MEquity

Loan mix

Deposit mix

NIM

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2015 SOD (annual) · 0.2% share · #17 of 154 inst. · $0.4B of $171.1B

0.7% Ramsey

1.6% Washington

0.0% Hennepin

Earnings: ROA of 0.88%, up 15 bps year over year; NIM at 3.02%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.

Return on Assets (YTD, annualized)

0.88%+15 bps YoY

Net Interest Margin (YTD, annualized)

3.02%-55 bps YoY

Efficiency Ratio (YTD, annualized)

65.77%-381 bps YoY

Tier 1 Leverage Ratio

10.98%

Year to date, annualized, through each quarter.

Metric	Q2 2014	Q3 2014	Q4 2014	Q1 2015	Q2 2015	YoY Δ	Trend
Earnings
Return on Assets	0.73%	0.96%	1.01%	0.99%	0.88%	+15 bps
Return on Equity	5.82%	7.88%	8.46%	8.82%	7.72%	+190 bps
Net Interest Margin	3.57%	3.48%	3.35%	2.99%	3.02%	-55 bps
Efficiency Ratio	69.59%	65.67%	64.23%	65.19%	65.77%	-381 bps
Non-Interest Burden	2.63%	2.41%	2.27%	2.03%	2.07%	-56 bps
Growth
Asset Growth (YoY)	18.44%	20.17%	23.48%	15.34%	1.05%	-1,739 bps
Loan Growth (YoY)	1.00%	2.36%	-2.80%	1.34%	2.81%	+181 bps
Deposit Growth (YoY)	4.05%	1.42%	7.70%	10.61%	11.37%	+732 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	-0.03%	0.01%	0.01%	0.08%	0.04%	+6 bps
Allowance / Loans	0.92%	0.96%	1.20%	1.16%	1.23%	+30 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	11.25%	10.98%	n/a
Total Risk-Based Capital	18.44%	17.89%	19.12%	19.44%	17.65%	-79 bps
Equity / Assets	11.45%	11.10%	11.36%	11.20%	11.53%	+8 bps
Liquidity & Funding
Loans / Deposits	65.46%	63.39%	62.07%	58.90%	60.43%	-503 bps
Liquid Assets / Assets	13.80%	13.62%	18.72%	22.96%	16.31%	+251 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a