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United Bank, National Association

Absarokee, MT · Cert 18772

FDIC · 3 branches

Q2 2015

$73.9MAssets
$36.9MLoans
$62.9MDeposits
$8.4MEquity
Loan mix
75%RE $20.9M16%C&I $4.3M9%Consumer $2.5MQ3 2013Q2 2015
Deposit mix
83%Interest-bearing $52.2M17%Noninterest $10.7MQ3 2013Q2 2015

Market Position · Billings, MT · 2015 SOD (annual) · 0.2% share · #12 of 14 inst. · $0.0B of $4.6B

38.4% Stillwater
0.2% Yellowstone

Executive Summary

  • Earnings: ROA of 0.32%, down 39 bps year over year; NIM at 2.95%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 11.33%.
  • Funding: loans stand at 58.72% of deposits as of Q2 2015.

Return on Assets (quarter, annualized)

0.32%-39 bps YoY

Net Interest Margin (quarter, annualized)

2.95%-71 bps YoY

Efficiency Ratio (quarter, annualized)

89.49%+1,481 bps YoY

Tier 1 Leverage Ratio

11.33%

NIM

3.74%Q2 ’133.93%Q2 ’143.28%Q2 ’15+6%-19%

Non-interest income vs. expense

3.37%Q2 ’133.30%Q2 ’143.72%Q2 ’15+0%-1%

Discrete quarter, annualized.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015YoY ΔTrend
Earnings
Return on Assets0.47%0.66%0.58%0.71%0.51%0.49%0.26%0.32%-39 bps
Return on Equity4.48%6.46%5.71%7.01%5.05%4.95%2.60%3.04%-396 bps
Net Interest Margin3.41%3.44%3.55%3.66%3.44%3.15%3.39%2.95%-71 bps
Efficiency Ratio81.92%77.01%78.61%74.68%80.60%80.44%91.12%89.49%+1,481 bps
Non-Interest Burden2.66%2.41%2.65%2.54%2.62%2.40%3.03%2.51%-3 bps
Growth
Asset Growth (YoY)-1.00%6.64%5.75%7.13%8.40%4.52%5.38%1.80%-533 bps
Loan Growth (YoY)10.24%11.46%12.09%10.84%9.79%-2.76%-6.89%-10.97%-2,181 bps
Deposit Growth (YoY)-2.26%5.75%6.95%8.10%11.68%5.61%7.08%1.96%-614 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.19%-0.01%-0.03%0.00%-0.01%-0.01%-0.01%+2 bps
Allowance / Loans2.44%2.33%2.30%2.20%2.23%2.43%2.51%2.43%+23 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/a9.87%11.33%n/a
Total Risk-Based Capital17.44%17.06%16.83%16.41%16.27%17.63%16.44%19.08%+267 bps
Equity / Assets10.40%10.09%10.13%10.20%9.86%9.87%9.81%11.40%+120 bps
Liquidity & Funding
Loans / Deposits65.68%63.65%64.98%67.25%64.57%58.60%56.50%58.72%-853 bps
Liquid Assets / Assets4.88%4.60%4.62%4.26%5.43%5.76%5.71%5.80%+154 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a