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First Western Trust Bank

Scottsdale, AZ · Cert 58717

FDIC

Q2 2011

$79.0MAssets
$59.4MLoans
$68.2MDeposits
$10.6MEquity
Loan mix
63%RE $31.8M25%C&I $12.8M11%Consumer $5.6MQ2 2010Q2 2011
Deposit mix
90%Interest-bearing $61.7M10%Noninterest $6.6MQ2 2010Q2 2011

NIM

3.43%Q2 ’094.06%Q2 ’104.57%Q2 ’11+29%+12%

Non-interest income vs. expense

4.48%Q2 ’093.85%Q2 ’104.98%Q2 ’11-27%+21%

Executive Summary

  • Earnings: ROA of -0.21%, down 28 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 87.01% of deposits as of Q2 2011.

Financial Results

Return on Assets (YTD, annualized)

-0.21%-28 bps YoY

Net Interest Margin (YTD, annualized)

3.92%+43 bps YoY

Efficiency Ratio (YTD, annualized)

99.89%+575 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets0.07%0.31%1.05%-0.05%-0.21%-28 bps
Return on Equity0.48%1.97%6.73%-0.34%-1.45%-192 bps
Net Interest Margin3.48%3.74%4.19%4.82%3.92%+43 bps
Efficiency Ratio94.14%91.48%91.35%104.79%99.89%+575 bps
Non-Interest Burden3.24%3.36%3.75%5.11%3.91%+67 bps
Growth
Asset Growth (YoY)35.10%0.71%5.80%25.94%13.64%-2,146 bps
Loan Growth (YoY)55.75%38.98%20.34%8.15%13.02%-4,273 bps
Deposit Growth (YoY)43.65%0.70%14.27%22.31%15.29%-2,836 bps
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 / Loans1.15%1.16%1.18%1.18%1.34%+19 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 Capital20.62%18.83%20.60%20.54%19.84%-77 bps
Equity / Assets14.53%15.65%16.02%13.81%13.45%-108 bps
Liquidity & Funding
Loans / Deposits88.76%106.42%105.23%90.20%87.01%-175 bps
Liquid Assets / Assets12.21%1.38%5.26%18.96%15.87%+366 bps
CRE / Total Capitaln/an/an/an/an/an/an/a