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Bankwest of Nevada

Las Vegas, NV · Cert 33897

FDIC

Q3 2013

$3.3BAssets
$2.4BLoans
$2.6BDeposits
$373.7MEquity
Loan mix
76%RE $942.1M24%C&I $295.8M0%Consumer $3.8MQ3 2012Q3 2013
Deposit mix
69%Interest-bearing $1.8B31%Noninterest $0.8BQ3 2012Q3 2013

NIM

4.08%Q3 ’114.00%Q3 ’124.11%Q3 ’13+3%+2%

Non-interest income vs. expense

2.61%Q3 ’112.22%Q3 ’122.34%Q3 ’13-22%+2%

Executive Summary

  • Earnings: ROA of 1.97%, up 117 bps year over year; NIM at 3.87%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.35%.
  • Funding: loans stand at 91.34% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

1.97%+117 bps YoY

Net Interest Margin (quarter, annualized)

3.87%+9 bps YoY

Efficiency Ratio (quarter, annualized)

52.58%+170 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.80%1.02%1.36%1.54%1.97%+117 bps
Return on Equity6.98%8.43%11.18%13.01%17.00%+1,001 bps
Net Interest Margin3.78%3.97%3.62%3.74%3.87%+9 bps
Efficiency Ratio50.88%52.09%53.07%47.42%52.58%+170 bps
Non-Interest Burden1.81%1.90%1.80%1.50%1.86%+4 bps
Growth
Asset Growth (YoY)2.28%5.26%13.37%13.66%12.69%+1,041 bps
Loan Growth (YoY)11.29%17.44%19.50%20.69%15.83%+454 bps
Deposit Growth (YoY)-2.35%8.07%7.04%7.78%8.51%+1,087 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.49%1.42%0.52%0.14%-0.35%-184 bps
Allowance / Loans2.88%2.67%2.42%2.31%2.14%-75 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 Capital13.82%14.65%14.41%14.11%14.42%+60 bps
Equity / Assets11.62%12.48%11.83%11.84%11.37%-26 bps
Liquidity & Funding
Loans / Deposits85.57%84.98%88.29%92.23%91.34%+577 bps
Liquid Assets / Assets6.50%6.19%8.24%5.68%5.90%-59 bps
CRE / Total Capitaln/an/an/an/an/an/an/a