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Western National Bank

Lenexa, KS · Cert 34080

FDIC

Q4 2006

$39.1MAssets
$30.1MLoans
$32.1MDeposits
$5.8MEquity
Loan mix
21%RE $2.0M79%C&I $7.8M0%Consumer $0.0MQ4 2005Q4 2006
Deposit mix
87%Interest-bearing $27.8M13%Noninterest $4.3MQ4 2005Q4 2006

NIM

4.96%Q4 ’046.06%Q4 ’056.39%Q4 ’06+17%-3%

Non-interest income vs. expense

4.50%Q4 ’0411.89%Q4 ’053.80%Q4 ’06-23%+20%

Executive Summary

  • Earnings: ROA of 0.15%, up 73 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 93.87% of deposits as of Q4 2006.

Financial Results

Return on Assets (YTD, annualized)

0.15%+73 bps YoY

Net Interest Margin (YTD, annualized)

3.67%-10 bps YoY

Efficiency Ratio (YTD, annualized)

95.73%+5,154 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets-0.58%-0.63%-0.12%0.07%0.15%+73 bps
Return on Equity-4.06%-3.90%-0.77%0.42%0.97%+503 bps
Net Interest Margin3.77%3.45%3.63%3.76%3.67%-10 bps
Efficiency Ratio44.19%115.91%102.92%98.43%95.73%+5,154 bps
Non-Interest Burden2.92%4.07%3.75%3.70%3.50%+58 bps
Growth
Asset Growth (YoY)-58.93%-16.93%1.00%12.80%16.48%+7,541 bps
Loan Growth (YoY)-37.74%-18.72%24.39%28.45%9.27%+4,701 bps
Deposit Growth (YoY)-57.10%-0.32%14.90%24.19%19.80%+7,689 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.05%0.00%0.00%0.00%0.05%+10 bps
Allowance / Loans1.97%1.91%1.86%1.90%1.75%-22 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 Capital19.36%18.28%18.37%18.96%18.09%-127 bps
Equity / Assets17.18%15.09%15.99%15.52%14.91%-228 bps
Liquidity & Funding
Loans / Deposits102.92%90.71%101.63%95.47%93.87%-905 bps
Liquid Assets / Assets0.13%0.12%0.13%0.13%0.12%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a