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Weststar Bank

Vail, CO · Cert 22572

FDIC

Q2 2006

$720.8MAssets
$535.6MLoans
$562.0MDeposits
$86.7MEquity
Loan mix
77%RE $113.9M22%C&I $33.2M1%Consumer $1.1MQ2 2005Q2 2006
Deposit mix
78%Interest-bearing $438.5M22%Noninterest $123.5MQ2 2005Q2 2006

NIM

4.98%Q2 ’045.85%Q2 ’057.32%Q2 ’06+14%+13%

Non-interest income vs. expense

4.12%Q2 ’044.00%Q2 ’053.92%Q2 ’06+12%+2%

Executive Summary

  • Earnings: ROA of 1.29%, up 30 bps year over year; NIM at 5.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 95.30% of deposits as of Q2 2006.

Financial Results

Return on Assets (quarter, annualized)

1.29%+30 bps YoY

Net Interest Margin (quarter, annualized)

5.24%+59 bps YoY

Efficiency Ratio (quarter, annualized)

65.46%-687 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.00%1.19%1.22%1.16%1.29%+30 bps
Return on Equity8.23%9.52%9.83%9.52%10.69%+246 bps
Net Interest Margin4.65%4.75%5.13%5.02%5.24%+59 bps
Efficiency Ratio72.33%69.42%65.31%68.36%65.46%-687 bps
Non-Interest Burden3.13%2.94%3.04%3.18%3.18%+5 bps
Growth
Asset Growth (YoY)11.20%7.54%8.27%2.68%10.39%-81 bps
Loan Growth (YoY)20.23%10.82%17.54%25.59%26.95%+671 bps
Deposit Growth (YoY)11.01%7.31%10.18%0.26%7.73%-328 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.05%0.00%0.02%0.00%0.00%+4 bps
Allowance / Loans0.95%0.95%0.92%0.93%0.92%-3 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 Capital11.54%11.47%10.44%10.83%10.61%-92 bps
Equity / Assets12.58%12.53%12.26%12.21%12.03%-55 bps
Liquidity & Funding
Loans / Deposits80.88%79.54%87.63%90.71%95.30%+1,442 bps
Liquid Assets / Assets0.60%0.03%0.03%0.03%0.02%-57 bps
CRE / Total Capitaln/an/an/an/an/an/an/a