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First Western Bank, The

Wall, SD · Cert 488

FDIC

Q2 2009

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: Q2 2009, the quarter ended June 30, 2009, 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

First Western Bank, The

Wall, SD · Cert 488

FDIC

Q2 2009

$572.1MAssets
$343.7MLoans
$420.5MDeposits
$137.9MEquity
Loan mix
78%RE $165.2M21%C&I $45.1M0%Consumer $1.0MQ2 2008Q2 2009
Deposit mix
83%Interest-bearing $349.7M17%Noninterest $70.8MQ2 2008Q2 2009

NIM

6.82%Q2 ’075.42%Q2 ’084.17%Q2 ’09-11%-19%

Non-interest income vs. expense

1.91%Q2 ’072.25%Q2 ’082.57%Q2 ’09+25%+18%

Executive Summary

  • Earnings: ROA of 0.04%, down 106 bps year over year; NIM at 2.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.34%.
  • Funding: loans stand at 81.75% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

0.04%-106 bps YoY

Net Interest Margin (YTD, annualized)

2.76%-65 bps YoY

Efficiency Ratio (YTD, annualized)

73.74%+2,167 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets1.10%0.83%0.63%0.19%0.04%-106 bps
Return on Equity5.73%4.06%2.97%0.79%0.18%-555 bps
Net Interest Margin3.41%3.43%3.25%2.68%2.76%-65 bps
Efficiency Ratio52.08%60.89%57.31%68.42%73.74%+2,167 bps
Non-Interest Burden1.80%2.14%1.74%1.92%2.13%+33 bps
Growth
Asset Growth (YoY)15.13%9.07%12.96%-4.70%0.55%-1,458 bps
Loan Growth (YoY)-4.88%-6.17%-9.78%-12.80%-11.89%-701 bps
Deposit Growth (YoY)-5.97%-11.46%-6.84%-6.76%2.02%+799 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.00%0.55%0.67%0.34%+35 bps
Allowance / Loans2.19%2.30%2.68%2.86%3.23%+104 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 Capital11.28%11.55%12.13%13.19%13.71%+243 bps
Equity / Assets24.15%24.19%24.19%24.61%24.11%-4 bps
Liquidity & Funding
Loans / Deposits94.64%93.31%88.25%86.05%81.75%-1,290 bps
Liquid Assets / Assets0.08%0.08%0.08%0.08%0.12%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a