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United Bank of Idaho

Driggs, ID · Cert 58361

FDIC

Q2 2008

$26.9MAssets
$22.6MLoans
$15.4MDeposits
$6.7MEquity
Loan mix
83%RE $14.8M17%C&I $3.0M0%Consumer $0.0MQ2 2007Q2 2008
Deposit mix
83%Interest-bearing $12.8M17%Noninterest $2.6MQ2 2007Q2 2008

NIM

6.81%Q4 ’067.82%Q2 ’075.86%Q2 ’08+12%-17%

Non-interest income vs. expense

5.94%Q4 ’063.40%Q2 ’074.21%Q2 ’08-52%+27%

Executive Summary

  • Earnings: ROA of -0.31%, down 199 bps year over year; NIM at 3.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 146.27% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

-0.31%-199 bps YoY

Net Interest Margin (quarter, annualized)

3.89%-80 bps YoY

Efficiency Ratio (quarter, annualized)

92.31%+2,836 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.68%0.23%1.37%0.07%-0.31%-199 bps
Return on Equity5.88%0.87%5.45%0.26%-1.26%-714 bps
Net Interest Margin4.70%4.71%4.65%4.19%3.89%-80 bps
Efficiency Ratio63.95%59.33%67.94%84.14%92.31%+2,836 bps
Non-Interest Burden2.78%2.49%2.95%3.41%3.54%+76 bps
Growth
Asset Growth (YoY)n/a273%43.19%27.55%25.22%n/a
Loan Growth (YoY)n/a810%41.18%16.33%11.17%n/a
Deposit Growth (YoY)n/a2981%65.26%27.32%44.34%n/a
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.44%1.03%1.18%1.24%1.39%+94 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 Capital30.41%25.16%27.01%25.87%26.03%-437 bps
Equity / Assets27.81%24.51%25.76%23.80%24.86%-294 bps
Liquidity & Funding
Loans / Deposits189.92%112.07%112.33%145.59%146.27%-4,364 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a