PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Wells Fargo Bank Grand Junction, National Association

Grand Junction, CO · Cert 19109

FDIC

Q4 2008

$3.3MAssets
$16KLoans
$505KDeposits
$2.7MEquity
Deposit mix
99%Interest-bearing $500K1%Noninterest $5KQ4 2007Q4 2008

NIM

4.54%Q4 ’065.26%Q4 ’070.70%Q4 ’08+19%-100%

Non-interest income vs. expense

1.43%Q4 ’062.03%Q4 ’071.52%Q4 ’08+33%-21%

Executive Summary

  • Earnings: ROA of -1.08%, down 276 bps year over year; NIM at 0.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 3.17% of deposits as of Q4 2008.

Financial Results

Return on Assets (quarter, annualized)

-1.08%-276 bps YoY

Net Interest Margin (quarter, annualized)

0.00%-442 bps YoY

Efficiency Ratio (quarter, annualized)

138.46%+9,372 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets1.68%0.12%-0.24%0.00%-1.08%-276 bps
Return on Equity2.08%0.15%-0.30%0.00%-1.34%-342 bps
Net Interest Margin4.42%2.16%1.25%1.19%0.00%-442 bps
Efficiency Ratio44.74%88.89%127.27%110.00%138.46%+9,372 bps
Non-Interest Burden1.91%1.92%1.59%1.31%1.52%-39 bps
Growth
Asset Growth (YoY)1.77%1.03%0.70%0.36%-0.45%-222 bps
Loan Growth (YoY)-67.21%-32.20%640%-40.00%-20.00%+4,721 bps
Deposit Growth (YoY)-0.20%-0.60%0.00%0.40%1.00%+120 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 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 Capital401%393%395%402%403%+211 bps
Equity / Assets80.75%81.24%81.16%80.96%80.81%+6 bps
Liquidity & Funding
Loans / Deposits4.00%8.00%7.40%3.59%3.17%-83 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