Glacier Bank of Eureka

Eureka, MT · Cert 19247

FDIC

Q2 2001

$31.8MAssets

$20.5MLoans

$19.7MDeposits

$3.5MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 1.57%, down 14 bps year over year; NIM at 4.42%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.18%.
Funding: loans stand at 104.05% of deposits as of Q2 2001.

Return on Assets (YTD, annualized)

1.57%-14 bps YoY

Net Interest Margin (YTD, annualized)

4.42%

Efficiency Ratio (YTD, annualized)

55.45%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q3 1999	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	YoY Δ	Trend
Earnings
Return on Assets	1.42%	1.50%	1.67%	1.71%	1.72%	1.72%	1.56%	1.57%	-14 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	4.49%	4.42%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	56.04%	55.45%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	2.11%	2.05%	n/a
Growth
Asset Growth (YoY)	12.49%	18.55%	8.77%	11.06%	12.32%	5.39%	14.67%	4.78%	-628 bps
Loan Growth (YoY)	8.54%	11.36%	9.67%	12.36%	11.97%	11.62%	12.73%	5.86%	-650 bps
Deposit Growth (YoY)	8.49%	4.03%	7.45%	8.07%	9.50%	4.17%	1.00%	4.43%	-364 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	0.00%	0.18%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	1.53%	1.45%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	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	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	17.68%	17.53%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	11.12%	11.00%	n/a
Liquidity & Funding
Loans / Deposits	95.86%	98.19%	94.91%	102.64%	98.02%	105.21%	105.93%	104.05%	+141 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.28%	+328 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a