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Letter portraitLegal landscapeQuarterYTD

First Western Bank, National Association

Atkinson, NE · Cert 5378

FDIC

Q4 2001

$65.7MAssets
$41.1MLoans
$58.6MDeposits
$6.6MEquity
Loan mix
25%RE $3.9M74%C&I $11.7M0%Consumer $0.1MQ4 2000Q4 2001
Deposit mix
88%Interest-bearing $51.5M12%Noninterest $7.1MQ4 2000Q4 2001

NIM

8.17%Q1 ’017.92%Q3 ’017.22%Q4 ’01+4%-8%

Non-interest income vs. expense

2.41%Q1 ’012.50%Q3 ’012.64%Q4 ’01-2%+11%

Executive Summary

  • Earnings: ROA of 2.43%, up 76 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Funding: loans stand at 70.18% of deposits as of Q4 2001.

Financial Results

Return on Assets (quarter, annualized)

2.43%+76 bps YoY

Net Interest Margin (quarter, annualized)

3.66%

Efficiency Ratio (quarter, annualized)

66.88%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets1.67%1.61%1.62%2.32%2.43%+76 bps
Return on Equityn/an/a14.83%21.41%23.04%n/a
Net Interest Marginn/a3.81%3.92%3.98%3.66%n/a
Efficiency Ration/a59.20%61.49%57.22%66.88%n/a
Non-Interest Burdenn/a2.15%2.28%2.11%2.35%n/a
Growth
Asset Growth (YoY)11.81%3.28%2.34%-4.52%-4.91%-1,672 bps
Loan Growth (YoY)11.50%6.78%8.24%2.87%-8.57%-2,007 bps
Deposit Growth (YoY)7.72%5.71%7.73%3.16%1.51%-621 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a-0.03%0.55%-0.01%-0.04%n/a
Allowance / Loansn/a1.65%1.44%1.47%1.55%n/a
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 Capitaln/a14.81%13.77%14.67%15.61%n/a
Equity / Assetsn/a11.17%10.66%10.98%10.09%n/a
Liquidity & Funding
Loans / Deposits77.92%73.94%75.90%77.96%70.18%-774 bps
Liquid Assets / Assets0.00%0.02%0.03%0.03%0.04%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a