PackageTrendsPeer
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Westernbank Puerto Rico

Mayaguez, PR · Cert 31027

FDIC

Q1 2010

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2010, the quarter ended March 31, 2010, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Westernbank Puerto Rico

Mayaguez, PR · Cert 31027

FDIC

Q1 2010

$10.8BAssets
$8.4BLoans
$8.4BDeposits
$376.6MEquity
Loan mix
93%RE $6.5B7%C&I $0.5B1%Consumer $0.0BQ1 2009Q1 2010
Deposit mix
95%Interest-bearing $8.0B5%Noninterest $0.4BQ1 2009Q1 2010

NIM

5.23%Q1 ’084.37%Q1 ’094.44%Q1 ’10-26%+117%

Non-interest income vs. expense

1.02%Q1 ’081.18%Q1 ’092.07%Q1 ’10+14%+85%

Executive Summary

  • Earnings: ROA of -3.21%, down 324 bps year over year; NIM at 1.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 10.59%.
  • Funding: loans stand at 99.79% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-3.21%-324 bps YoY

Net Interest Margin (YTD, annualized)

1.67%+90 bps YoY

Efficiency Ratio (YTD, annualized)

102.82%-1,357 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.03%1-0.06%0.06%1-3.47%-3.21%-324 bps
Return on Equity0.50%-0.90%0.96%-57.06%-86.44%-8,694 bps
Net Interest Margin0.77%0.81%0.99%1.16%1.67%+90 bps
Efficiency Ratio116.39%131.01%115.74%207%102.82%-1,357 bps
Non-Interest Burden0.93%1.13%1.18%2.38%1.73%+79 bps
Growth
Asset Growth (YoY)-5.13%-15.60%-17.41%-24.68%-28.29%-2,317 bps
Loan Growth (YoY)-5.03%-4.84%-4.85%-3.13%-5.94%-90 bps
Deposit Growth (YoY)3.63%-5.13%-14.51%-20.97%-20.35%-2,398 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.88%1.38%1.35%1.55%10.59%+971 bps
Allowance / Loans3.04%2.71%2.58%4.78%3.34%+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 Capital10.51%10.61%11.22%6.84%5.90%-461 bps
Equity / Assets6.41%6.50%7.26%3.92%3.49%-293 bps
Liquidity & Funding
Loans / Deposits84.50%87.39%93.70%100.80%99.79%+1,529 bps
Liquid Assets / Assets4.20%4.01%4.33%4.88%7.77%+357 bps
CRE / Total Capitaln/an/an/an/an/an/an/a