PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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

5.30%Q4 ’024.03%Q4 ’034.60%Q4 ’04-23%+21%

Non-interest income vs. expense

3.17%Q4 ’022.39%Q4 ’032.52%Q4 ’04-29%+3%

Executive Summary

  • Earnings: ROA of 1.28%, up 44 bps year over year; NIM at 3.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 57.79% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

1.28%+44 bps YoY

Net Interest Margin (quarter, annualized)

3.63%+62 bps YoY

Efficiency Ratio (quarter, annualized)

57.64%-594 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets0.84%0.82%1.41%1.10%1.28%+44 bps
Return on Equity8.64%8.35%14.02%11.10%12.74%+410 bps
Net Interest Margin3.01%3.18%3.47%3.43%3.63%+62 bps
Efficiency Ratio63.57%64.56%59.86%65.46%57.64%-594 bps
Non-Interest Burden1.73%1.91%1.85%1.84%1.78%+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-0.02%-0.01%0.02%0.03%0.03%+5 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