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West One Bank

Kalispell, MT · Cert 57534

FDIC · 2 branches

Q4 2014

$40.1MAssets
$32.1MLoans
$28.7MDeposits
$6.3MEquity
Loan mix
74%RE $22.6M14%C&I $4.4M12%Consumer $3.7MQ4 2013Q4 2014
Deposit mix
77%Interest-bearing $22.0M23%Noninterest $6.7MQ4 2013Q4 2014

NIM

4.61%Q4 ’124.85%Q4 ’135.04%Q4 ’14+14%+7%

Non-interest income vs. expense

3.14%Q4 ’123.21%Q4 ’134.04%Q4 ’14+3%+1%

Executive Summary

  • Earnings: ROA of 0.78%, up 7 bps year over year; NIM at 4.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.21%.
  • Funding: loans stand at 111.71% of deposits as of Q4 2014.

Financial Results

Return on Assets (quarter, annualized)

0.78%+7 bps YoY

Net Interest Margin (quarter, annualized)

4.28%+28 bps YoY

Efficiency Ratio (quarter, annualized)

73.21%+386 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets0.71%3.32%0.93%0.80%0.78%+7 bps
Return on Equity4.73%21.93%6.07%5.14%5.01%+28 bps
Net Interest Margin4.00%4.10%4.06%3.94%4.28%+28 bps
Efficiency Ratio69.36%68.37%71.03%67.20%73.21%+386 bps
Non-Interest Burden2.78%2.68%2.76%2.50%2.80%+2 bps
Growth
Asset Growth (YoY)-4.12%-1.57%2.71%6.47%5.81%+993 bps
Loan Growth (YoY)6.59%11.40%16.17%7.92%14.29%+770 bps
Deposit Growth (YoY)-6.32%-4.00%-2.74%1.82%1.14%+746 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.19%-1.01%-0.03%-0.99%-0.21%-40 bps
Allowance / Loans3.49%2.28%2.16%2.41%2.32%-117 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 Capital23.77%24.01%23.84%24.15%22.66%-111 bps
Equity / Assets15.04%15.23%15.53%15.52%15.64%+60 bps
Liquidity & Funding
Loans / Deposits98.86%96.51%107.01%105.84%111.71%+1,286 bps
Liquid Assets / Assets13.95%15.30%10.75%9.08%3.44%-1,051 bps
CRE / Total Capitaln/an/an/an/an/an/an/a