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Western Bank, Gallup

Gallup, NM · Cert 21467

FDIC

Q4 2004

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2004, the quarter ended December 31, 2004, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Western Bank, Gallup

Gallup, NM · Cert 21467

FDIC

Q4 2004

$110.4MAssets
$49.8MLoans
$86.3MDeposits
$10.8MEquity
Loan mix
61%RE $11.3M38%C&I $7.0M1%Consumer $0.2MQ4 2003Q4 2004
Deposit mix
93%Interest-bearing $80.6M7%Noninterest $5.7MQ4 2003Q4 2004

NIM

5.40%Q4 ’023.98%Q4 ’034.40%Q4 ’04-24%+16%

Non-interest income vs. expense

3.13%Q4 ’022.53%Q4 ’032.55%Q4 ’04-22%-3%

Executive Summary

  • Earnings: ROA of 1.14%, up 35 bps year over year; NIM at 3.42%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 57.79% of deposits as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

1.14%+35 bps YoY

Net Interest Margin (YTD, annualized)

3.42%+47 bps YoY

Efficiency Ratio (YTD, annualized)

61.77%-637 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets0.79%0.82%1.09%1.10%1.14%+35 bps
Return on Equity7.60%8.35%11.25%11.14%11.59%+399 bps
Net Interest Margin2.95%3.18%3.29%3.38%3.42%+47 bps
Efficiency Ratio68.14%64.56%62.09%63.25%61.77%-637 bps
Non-Interest Burden1.89%1.91%1.86%1.87%1.84%-5 bps
Growth
Asset Growth (YoY)18.69%7.88%14.42%5.73%-3.14%-2,183 bps
Loan Growth (YoY)13.13%6.27%19.64%14.74%18.94%+581 bps
Deposit Growth (YoY)11.72%4.78%22.47%7.17%-8.02%-1,974 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.05%-0.01%0.00%0.01%0.02%+7 bps
Allowance / Loans2.02%2.07%1.75%1.76%1.70%-32 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 Capital13.47%14.81%13.64%14.43%13.61%+13 bps
Equity / Assets9.08%10.64%9.54%10.31%9.75%+66 bps
Liquidity & Funding
Loans / Deposits44.69%48.70%51.23%54.21%57.79%+1,310 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