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Bankwest

Castle Rock, CO · Cert 34522

FDIC

Q2 2011

$665.8MAssets
$543.5MLoans
$635.2MDeposits
$5.8MEquity
Loan mix
87%RE $432.0M12%C&I $60.2M1%Consumer $4.3MQ2 2010Q2 2011
Deposit mix
93%Interest-bearing $591.0M7%Noninterest $44.2MQ2 2010Q2 2011

NIM

5.86%Q2 ’094.92%Q2 ’102.82%Q2 ’11-14%-52%

Non-interest income vs. expense

3.83%Q2 ’093.66%Q2 ’103.92%Q2 ’11-1%+25%

Executive Summary

  • Earnings: ROA of -5.81%, down 541 bps year over year; NIM at 1.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.88%.
  • Funding: loans stand at 85.57% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

-5.81%-541 bps YoY

Net Interest Margin (quarter, annualized)

1.75%-188 bps YoY

Efficiency Ratio (quarter, annualized)

210%+12,345 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-0.40%-5.86%-15.16%-2.79%-5.81%-541 bps
Return on Equity-4.98%-83.37%-354%-121.74%-371%-36,576 bps
Net Interest Margin3.63%3.24%2.54%2.21%1.75%-188 bps
Efficiency Ratio86.27%81.30%164.67%117.29%210%+12,345 bps
Non-Interest Burden3.05%2.52%4.71%2.70%3.80%+75 bps
Growth
Asset Growth (YoY)4.58%11.01%7.17%-18.75%-24.16%-2,874 bps
Loan Growth (YoY)-4.93%-7.68%-10.25%-18.12%-24.96%-2,003 bps
Deposit Growth (YoY)20.85%28.36%12.44%-14.65%-18.82%-3,967 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.39%2.69%6.25%16.86%2.88%+249 bps
Allowance / Loans2.64%4.34%7.48%4.79%5.73%+309 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 Capital11.05%9.64%4.84%4.01%2.08%-897 bps
Equity / Assets7.92%6.17%2.36%2.20%0.88%-705 bps
Liquidity & Funding
Loans / Deposits92.57%82.88%76.78%88.99%85.57%-701 bps
Liquid Assets / Assets11.44%19.03%25.66%11.35%14.19%+275 bps
CRE / Total Capitaln/an/an/an/an/an/an/a