Wells Fargo Financial Bank

Sioux Falls, SD · Cert 26983

FDIC

Q4 2008

$6.3BAssets

$6.4BLoans

$185.9MDeposits

$924.9MEquity

Deposit mix

NIM

Earnings: ROA of -11.29%, down 1,168 bps year over year; NIM at 16.27%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 12.03%.
Funding: loans stand at 3454.23% of deposits as of Q4 2008.

Return on Assets (quarter, annualized)

-11.29%-1,168 bps YoY

Net Interest Margin (quarter, annualized)

16.27%+154 bps YoY

Efficiency Ratio (quarter, annualized)

15.58%+57 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 2007	Q1 2008	Q2 2008	Q3 2008	Q4 2008	YoY Δ	Trend
Earnings
Return on Assets	0.39%	3.36%	0.29%	0.13%	-11.29%	-1,168 bps
Return on Equity	2.70%	23.82%	2.07%	0.94%	-80.75%	-8,345 bps
Net Interest Margin	14.73%	15.12%	14.79%	15.82%	16.27%	+154 bps
Efficiency Ratio	15.01%	13.85%	15.60%	14.80%	15.58%	+57 bps
Non-Interest Burden	0.57%	0.47%	0.76%	0.81%	1.10%	+53 bps
Growth
Asset Growth (YoY)	38.04%	37.40%	30.15%	20.12%	11.07%	-2,697 bps
Loan Growth (YoY)	41.09%	38.77%	33.29%	26.05%	18.39%	-2,270 bps
Deposit Growth (YoY)	3.89%	4.00%	-17.38%	-17.68%	-18.42%	-2,230 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	6.58%	7.83%	9.03%	8.99%	12.03%	+545 bps
Allowance / Loans	7.01%	7.38%	8.33%	9.20%	14.06%	+705 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	18.68%	19.10%	18.67%	17.86%	16.21%	-247 bps
Equity / Assets	13.86%	14.37%	13.94%	13.27%	14.69%	+83 bps
Liquidity & Funding
Loans / Deposits	2380%	2424%	3137%	3347%	3454%	+107,384 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a