PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bankwest, National Association

Kalispell, MT · Cert 26972

FDIC

Q1 2009

$118.0MAssets
$92.8MLoans
$92.3MDeposits
$10.0MEquity
Loan mix
81%RE $61.4M18%C&I $13.6M1%Consumer $0.6MQ1 2008Q1 2009
Deposit mix
90%Interest-bearing $83.4M10%Noninterest $9.0MQ1 2008Q1 2009

NIM

7.45%Q1 ’076.89%Q1 ’085.63%Q1 ’09-9%-20%

Non-interest income vs. expense

3.46%Q1 ’073.46%Q1 ’083.31%Q1 ’09+2%+4%

Executive Summary

  • Earnings: ROA of -0.18%, down 67 bps year over year; NIM at 3.01%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.37%.
  • Funding: loans stand at 100.55% of deposits as of Q1 2009.

Financial Results

Return on Assets (quarter, annualized)

-0.18%-67 bps YoY

Net Interest Margin (quarter, annualized)

3.01%-75 bps YoY

Efficiency Ratio (quarter, annualized)

86.68%+1,491 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.48%0.62%0.05%0.57%-0.18%-67 bps
Return on Equity5.99%7.53%0.57%6.85%-2.19%-818 bps
Net Interest Margin3.76%4.10%3.73%3.82%3.01%-75 bps
Efficiency Ratio71.77%64.35%74.78%73.80%86.68%+1,491 bps
Non-Interest Burden2.40%2.27%2.57%2.73%2.51%+10 bps
Growth
Asset Growth (YoY)12.92%7.74%2.01%0.55%-0.63%-1,356 bps
Loan Growth (YoY)15.16%10.88%4.55%-1.10%-7.11%-2,227 bps
Deposit Growth (YoY)5.50%1.18%-0.65%1.68%1.23%-427 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%0.79%0.53%0.14%1.37%+129 bps
Allowance / Loans1.30%1.32%1.52%1.55%1.60%+30 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 Capital10.44%10.32%10.51%10.71%11.49%+104 bps
Equity / Assets8.17%8.22%8.30%8.38%8.48%+31 bps
Liquidity & Funding
Loans / Deposits109.57%114.44%109.30%106.68%100.55%-902 bps
Liquid Assets / Assets2.92%2.59%2.41%2.71%2.34%-58 bps
CRE / Total Capitaln/an/an/an/an/an/an/a