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Glacier Bank of Whitefish

Whitefish, MT · Cert 2204

FDIC

Q1 2008

$203.6MAssets
$163.1MLoans
$112.2MDeposits
$19.6MEquity
Loan mix
93%RE $140.9M5%C&I $7.3M2%Consumer $2.9MQ1 2007Q1 2008
Deposit mix
69%Interest-bearing $77.8M31%Noninterest $34.5MQ1 2007Q1 2008

NIM

6.04%Q1 ’066.52%Q1 ’076.44%Q1 ’080%+11%

Non-interest income vs. expense

2.08%Q1 ’062.39%Q1 ’072.68%Q1 ’08+18%+12%

Executive Summary

  • Earnings: ROA of 1.33%, down 7 bps year over year; NIM at 4.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 145.32% of deposits as of Q1 2008.

Financial Results

Return on Assets (YTD, annualized)

1.33%-7 bps YoY

Net Interest Margin (YTD, annualized)

4.28%+44 bps YoY

Efficiency Ratio (YTD, annualized)

50.83%+28 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets1.40%1.41%1.44%1.53%1.33%-7 bps
Return on Equity15.14%15.27%15.58%16.36%13.79%-135 bps
Net Interest Margin3.84%3.84%3.75%3.84%4.28%+44 bps
Efficiency Ratio50.55%50.17%49.30%48.02%50.83%+28 bps
Non-Interest Burden1.50%1.50%1.41%1.38%1.68%+18 bps
Growth
Asset Growth (YoY)5.89%5.97%1.47%5.29%9.31%+341 bps
Loan Growth (YoY)9.58%11.11%4.16%8.80%11.95%+238 bps
Deposit Growth (YoY)-13.60%-14.83%-10.11%-12.80%-7.14%+646 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.00%0.03%0.03%0.11%+12 bps
Allowance / Loans1.30%1.24%1.25%1.26%1.34%+4 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 Capital12.52%11.72%11.51%12.12%11.87%-65 bps
Equity / Assets9.39%9.20%9.38%9.61%9.62%+23 bps
Liquidity & Funding
Loans / Deposits120.54%144.19%134.18%148.70%145.32%+2,479 bps
Liquid Assets / Assets0.09%0.42%0.11%1.17%2.52%+243 bps
CRE / Total Capitaln/an/an/an/an/an/an/a