Bank West

Grand Rapids, MI · Cert 29951

FDIC

Q2 2001

$279.9MAssets

$233.8MLoans

$174.5MDeposits

$23.0MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 0.60%, up 9 bps year over year; NIM at 2.69%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
Funding: loans stand at 133.95% of deposits as of Q2 2001.

Return on Assets (quarter, annualized)

0.60%+9 bps YoY

Net Interest Margin (quarter, annualized)

2.69%

Efficiency Ratio (quarter, annualized)

66.30%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q3 1999	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	YoY Δ	Trend
Earnings
Return on Assets	0.15%	0.22%	0.51%	0.52%	0.51%	0.52%	0.62%	0.60%	+9 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	7.40%	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	2.78%	2.69%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	64.33%	66.30%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	1.68%	1.59%	n/a
Growth
Asset Growth (YoY)	17.40%	18.76%	28.14%	30.51%	26.46%	19.63%	8.91%	4.51%	-2,600 bps
Loan Growth (YoY)	21.38%	28.52%	41.85%	43.16%	40.28%	27.87%	19.44%	10.65%	-3,252 bps
Deposit Growth (YoY)	6.66%	9.12%	12.29%	19.96%	32.27%	27.87%	23.98%	11.88%	-808 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	0.01%	0.09%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	0.52%	0.56%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	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	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	12.26%	11.81%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	8.14%	8.20%	n/a
Liquidity & Funding
Loans / Deposits	126.38%	131.36%	137.78%	135.45%	134.03%	131.36%	132.74%	133.95%	-149 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.82%	1.23%	+123 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a