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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

3.54%Q2 ’094.27%Q2 ’104.56%Q2 ’11+37%+4%

Non-interest income vs. expense

4.57%Q2 ’093.70%Q2 ’104.65%Q2 ’11-31%+15%

Executive Summary

  • Earnings: ROA of -0.35%, down 79 bps year over year; NIM at 3.83%.
  • 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 (quarter, annualized)

-0.35%-79 bps YoY

Net Interest Margin (quarter, annualized)

3.83%+16 bps YoY

Efficiency Ratio (quarter, annualized)

94.83%+823 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets0.45%0.74%3.27%-0.05%-0.35%-79 bps
Return on Equity2.90%4.94%20.65%-0.34%-2.55%-546 bps
Net Interest Margin3.67%4.00%4.34%4.82%3.83%+16 bps
Efficiency Ratio86.60%86.80%91.00%104.79%94.83%+823 bps
Non-Interest Burden3.10%3.37%3.84%5.11%3.57%+48 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