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Letter portraitLegal landscapeQuarterYTD

First Interstate Bank of Alaska, National Association

Anchorage, AK · Cert 27311

FDIC

Q3 2007

$56.2MAssets
$13.4MLoans
$44.6MDeposits
$6.7MEquity
Loan mix
63%RE $3.2M32%C&I $1.6M5%Consumer $0.2MQ3 2006Q3 2007
Deposit mix
63%Interest-bearing $28.2M37%Noninterest $16.4MQ3 2006Q3 2007

NIM

4.31%Q3 ’054.78%Q3 ’065.07%Q3 ’07+9%+7%

Non-interest income vs. expense

6.08%Q3 ’056.17%Q3 ’066.40%Q3 ’07-18%+12%

Executive Summary

  • Earnings: ROA of 0.40%, down 10 bps year over year; NIM at 3.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 29.97% of deposits as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

0.40%-10 bps YoY

Net Interest Margin (quarter, annualized)

3.77%+24 bps YoY

Efficiency Ratio (quarter, annualized)

90.44%+158 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets0.50%0.89%0.70%1.34%0.40%-10 bps
Return on Equity5.14%8.70%6.65%12.59%3.54%-160 bps
Net Interest Margin3.53%3.57%3.64%3.69%3.77%+24 bps
Efficiency Ratio88.87%87.18%85.22%74.10%90.44%+158 bps
Non-Interest Burden2.76%2.73%2.56%1.69%3.10%+34 bps
Growth
Asset Growth (YoY)-4.98%-9.64%1.28%5.27%-7.58%-260 bps
Loan Growth (YoY)-16.70%-9.28%-5.37%-3.12%5.66%+2,236 bps
Deposit Growth (YoY)-4.10%-8.41%0.19%4.39%-8.74%-464 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.04%0.32%0.20%0.18%0.03%-101 bps
Allowance / Loans2.04%1.79%1.75%1.79%1.83%-21 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 Capital25.38%25.06%24.95%26.41%27.97%+260 bps
Equity / Assets9.72%10.70%10.51%10.80%11.87%+216 bps
Liquidity & Funding
Loans / Deposits25.89%29.10%28.84%27.34%29.97%+409 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a