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First Western Bank

Eden Prairie, MN · Cert 58254

FDIC

Q2 2011

$43.1MAssets
$31.2MLoans
$32.2MDeposits
$9.6MEquity
Loan mix
47%RE $7.7M53%C&I $8.8M0%Consumer $0.1MQ2 2010Q2 2011
Deposit mix
97%Interest-bearing $31.1M3%Noninterest $1.1MQ2 2010Q2 2011

NIM

4.83%Q2 ’094.66%Q2 ’104.50%Q2 ’11+19%+8%

Non-interest income vs. expense

2.94%Q2 ’092.91%Q2 ’102.84%Q2 ’11-3%-3%

Executive Summary

  • Earnings: ROA of 0.19%, up 167 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 96.95% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

0.19%+167 bps YoY

Net Interest Margin (quarter, annualized)

3.33%+25 bps YoY

Efficiency Ratio (quarter, annualized)

83.15%-936 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-1.47%0.01%-2.77%0.25%0.19%+167 bps
Return on Equity-6.40%0.04%-13.24%1.17%0.87%+727 bps
Net Interest Margin3.08%3.65%3.04%3.05%3.33%+25 bps
Efficiency Ratio92.51%71.60%89.81%78.55%83.15%-936 bps
Non-Interest Burden2.84%2.59%2.73%2.38%2.75%-9 bps
Growth
Asset Growth (YoY)19.37%17.49%13.29%4.04%-3.44%-2,281 bps
Loan Growth (YoY)24.75%7.76%-10.45%-13.70%-16.72%-4,147 bps
Deposit Growth (YoY)30.76%30.58%25.22%9.14%0.31%-3,046 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.30%15.51%9.06%2.22%0.00%-30 bps
Allowance / Loans5.21%2.22%1.76%1.37%1.48%-374 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 Capital26.37%27.07%26.97%27.31%27.70%+133 bps
Equity / Assets22.24%20.85%20.96%21.86%22.40%+16 bps
Liquidity & Funding
Loans / Deposits116.77%95.41%95.88%96.95%96.95%-1,982 bps
Liquid Assets / Assets1.84%1.69%1.74%1.79%1.98%+15 bps
CRE / Total Capitaln/an/an/an/an/an/an/a