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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

4.40%Q4 ’045.83%Q4 ’056.99%Q4 ’06+19%+17%

Non-interest income vs. expense

4.65%Q4 ’045.25%Q4 ’053.75%Q4 ’06+50%-40%

Executive Summary

  • Earnings: ROA of 0.40%, up 199 bps year over year; NIM at 3.99%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.20%.
  • Funding: loans stand at 93.87% of deposits as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

0.40%+199 bps YoY

Net Interest Margin (quarter, annualized)

3.99%+59 bps YoY

Efficiency Ratio (quarter, annualized)

88.33%-9,472 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets-1.60%-0.63%0.37%0.44%0.40%+199 bps
Return on Equity-9.14%-3.90%2.37%2.77%2.62%+1,176 bps
Net Interest Margin3.40%3.45%3.98%3.99%3.99%+59 bps
Efficiency Ratio183.06%115.91%91.54%89.90%88.33%-9,472 bps
Non-Interest Burden5.78%4.07%3.61%3.57%3.49%-229 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 / Loans0.00%0.00%0.00%0.00%0.20%+20 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