PackageTrendsPeer
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Western Security Bank

Billings, MT · Cert 57248

FDIC

Q1 2012

$823.7MAssets
$265.0MLoans
$586.0MDeposits
$93.7MEquity
Loan mix
73%RE $158.4M21%C&I $46.0M6%Consumer $12.1MQ2 2010Q1 2012
Deposit mix
84%Interest-bearing $494.7M16%Noninterest $91.2MQ2 2010Q1 2012

Executive Summary

  • Earnings: ROA of 1.17%, up 16 bps year over year; NIM at 2.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.41%.
  • Funding: loans stand at 45.22% of deposits as of Q1 2012.

Return on Assets (quarter, annualized)

1.17%+16 bps YoY

Net Interest Margin (quarter, annualized)

2.58%-21 bps YoY

Efficiency Ratio (quarter, annualized)

54.29%-294 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.28%Q1 ’103.43%Q1 ’113.19%Q1 ’12-17%-8%

Non-interest income vs. expense

2.39%Q1 ’102.14%Q1 ’111.93%Q1 ’12-8%-22%

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets1.46%1.23%1.30%1.02%1.31%1.56%1.02%1.17%+16 bps
Return on Equity10.36%9.06%10.75%8.96%11.34%13.38%8.83%10.26%+130 bps
Net Interest Margin3.37%3.20%2.90%2.79%2.98%2.84%2.62%2.58%-21 bps
Efficiency Ratio55.63%58.55%54.50%57.22%54.38%46.93%61.62%54.29%-294 bps
Non-Interest Burden1.50%1.56%1.02%1.29%1.22%0.75%1.37%1.01%-28 bps
Growth
Asset Growth (YoY)12.48%15.58%22.74%22.18%27.41%17.02%5.34%7.76%-1,442 bps
Loan Growth (YoY)-9.31%-3.16%-5.38%-10.61%-12.04%-12.95%-10.88%-4.97%+564 bps
Deposit Growth (YoY)18.88%24.96%14.37%11.06%18.89%5.05%-4.58%4.81%-625 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.35%0.17%1.78%0.43%0.44%0.12%0.20%0.41%-2 bps
Allowance / Loans2.75%2.70%2.49%2.73%2.71%2.66%2.68%2.72%-1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital16.70%16.28%16.56%16.79%16.92%16.92%17.07%17.02%+23 bps
Equity / Assets14.32%12.99%11.30%11.37%11.68%11.59%11.45%11.38%+1 bps
Liquidity & Funding
Loans / Deposits65.38%58.51%53.02%49.88%48.37%48.48%49.51%45.22%-466 bps
Liquid Assets / Assets0.01%0.02%1.67%0.21%0.10%0.21%0.01%0.13%-7 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a