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Western Bank of Cheyenne

Cheyenne, WY · Cert 25154

FDIC

Q3 2007

$81.9MAssets
$43.9MLoans
$72.9MDeposits
$8.6MEquity
Loan mix
91%RE $27.4M9%C&I $2.6M0%Consumer $0.1MQ3 2006Q3 2007
Deposit mix
82%Interest-bearing $60.1M18%Noninterest $12.8MQ3 2006Q3 2007

NIM

5.57%Q3 ’056.76%Q3 ’066.78%Q3 ’07+8%-9%

Non-interest income vs. expense

2.42%Q3 ’052.37%Q3 ’062.14%Q3 ’07+2%-1%

Executive Summary

  • Earnings: ROA of 1.35%, down 9 bps year over year; NIM at 3.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 60.19% of deposits as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

1.35%-9 bps YoY

Net Interest Margin (quarter, annualized)

3.97%-37 bps YoY

Efficiency Ratio (quarter, annualized)

51.47%+142 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.43%1.36%1.29%1.30%1.35%-9 bps
Return on Equity14.73%13.89%12.85%12.69%12.90%-183 bps
Net Interest Margin4.34%4.33%4.13%4.21%3.97%-37 bps
Efficiency Ratio50.05%52.20%54.27%55.01%51.47%+142 bps
Non-Interest Burden1.97%2.17%2.15%2.22%1.94%-3 bps
Growth
Asset Growth (YoY)2.16%4.81%2.88%2.86%3.05%+89 bps
Loan Growth (YoY)7.45%5.02%-2.42%-9.84%-10.81%-1,827 bps
Deposit Growth (YoY)1.13%4.05%2.03%2.00%2.26%+113 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.01%0.25%0.19%0.05%+5 bps
Allowance / Loans1.48%1.48%1.49%1.53%1.55%+7 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 Capital18.06%16.82%17.12%18.37%19.46%+140 bps
Equity / Assets9.73%9.93%10.08%10.35%10.50%+78 bps
Liquidity & Funding
Loans / Deposits69.02%68.63%66.09%62.44%60.19%-882 bps
Liquid Assets / Assets25.66%28.62%33.52%34.93%40.50%+1,483 bps
CRE / Total Capitaln/an/an/an/an/an/an/a