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Letter portraitLegal landscapeQuarterYTD

Wells Fargo Bank Grand Junction-Downtown, National Association

Grand Junction, CO · Cert 12863

FDIC

Q4 2008

$3.2MAssets
n/aLoans
$500KDeposits
$2.6MEquity
Deposit mix
100%Interest-bearing $500K0%Noninterest $0KQ4 2007Q4 2008

NIM

4.94%Q4 ’065.04%Q4 ’072.00%Q4 ’08+1%-69%

Non-interest income vs. expense

1.94%Q4 ’061.60%Q4 ’071.66%Q4 ’08-18%+4%

Executive Summary

  • Earnings: ROA of -0.25%, down 198 bps year over year; NIM at 1.29%.
  • Funding: loans stand at 0.00% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-0.25%-198 bps YoY

Net Interest Margin (YTD, annualized)

1.29%-295 bps YoY

Efficiency Ratio (YTD, annualized)

128.57%+9,089 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets1.74%0.37%0.12%0.04%-0.25%-198 bps
Return on Equity2.18%0.46%0.15%0.05%-0.31%-249 bps
Net Interest Margin4.24%2.47%2.04%1.72%1.29%-295 bps
Efficiency Ratio37.68%80.00%90.91%97.62%128.57%+9,089 bps
Non-Interest Burden1.60%1.98%1.85%1.68%1.66%+7 bps
Growth
Asset Growth (YoY)1.62%1.12%0.65%0.18%-0.46%-208 bps
Loan Growth (YoY)n/an/an/an/an/an/an/a
Deposit Growth (YoY)0.00%0.00%0.00%0.00%0.00%0 bps
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital406%407%407%406%406%+66 bps
Equity / Assets79.61%80.02%79.97%79.82%79.73%+12 bps
Liquidity & Funding
Loans / Deposits0.00%0.00%0.00%0.00%0.00%0 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a