PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First Western National Bank

La Jara, CO · Cert 3032

FDIC

Q2 2004

$180.3MAssets
$139.7MLoans
$152.0MDeposits
$20.9MEquity
Loan mix
73%RE $47.7M27%C&I $17.9M0%Consumer $0.1MQ2 2003Q2 2004
Deposit mix
82%Interest-bearing $124.7M18%Noninterest $27.3MQ2 2003Q2 2004

NIM

6.53%Q2 ’026.35%Q2 ’035.56%Q2 ’04+3%-4%

Non-interest income vs. expense

3.34%Q2 ’023.57%Q2 ’033.53%Q2 ’04+7%-7%

Executive Summary

  • Earnings: ROA of 1.36%, up 17 bps year over year; NIM at 4.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 91.89% of deposits as of Q2 2004.

Financial Results

Return on Assets (YTD, annualized)

1.36%+17 bps YoY

Net Interest Margin (YTD, annualized)

4.46%-18 bps YoY

Efficiency Ratio (YTD, annualized)

63.26%-40 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets1.19%1.14%1.13%1.43%1.36%+17 bps
Return on Equity10.94%10.43%10.32%12.53%11.87%+92 bps
Net Interest Margin4.63%4.51%4.50%4.48%4.46%-18 bps
Efficiency Ratio63.66%63.75%64.45%61.31%63.26%-40 bps
Non-Interest Burden2.62%2.56%2.59%2.34%2.43%-19 bps
Growth
Asset Growth (YoY)6.14%-3.81%-3.57%-7.92%4.12%-202 bps
Loan Growth (YoY)8.80%-1.31%-2.15%-9.19%-4.91%-1,370 bps
Deposit Growth (YoY)15.77%13.26%5.29%2.71%3.49%-1,228 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%0.05%0.07%-0.01%0.01%-8 bps
Allowance / Loans0.68%0.79%0.78%0.82%0.80%+13 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 Capital10.10%10.42%10.63%11.64%12.10%+200 bps
Equity / Assets10.85%10.95%11.05%11.82%11.61%+76 bps
Liquidity & Funding
Loans / Deposits100.00%104.54%107.37%99.76%91.89%-811 bps
Liquid Assets / Assets0.28%0.48%0.04%0.02%5.03%+476 bps
CRE / Total Capitaln/an/an/an/an/an/an/a