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Western Union Industrial Bank

Englewood, CO · Cert 90017

FDIC

Q2 2007

$152.5MAssets
$6KLoans
$29.2MDeposits
$88.4MEquity
Deposit mix
100%Interest-bearing $29.2M0%Noninterest $0.0MQ2 2006Q2 2007

NIM

1.68%Q2 ’054.57%Q2 ’064.34%Q2 ’07+172%-5%

Non-interest income vs. expense

0.76%Q2 ’051.88%Q2 ’061.79%Q2 ’07-155%+6%

Executive Summary

  • Earnings: ROA of 3.14%, down 1,039 bps year over year; NIM at 4.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 0.02% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

3.14%-1,039 bps YoY

Net Interest Margin (quarter, annualized)

4.34%-23 bps YoY

Efficiency Ratio (quarter, annualized)

18.64%+6 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets13.53%15.69%7.28%5.04%3.14%-1,039 bps
Return on Equity22.20%9.31%12.28%8.64%5.37%-1,683 bps
Net Interest Margin4.57%4.52%5.01%4.87%4.34%-23 bps
Efficiency Ratio18.58%18.06%17.51%25.80%18.64%+6 bps
Non-Interest Burden-3.69%-3.11%-3.10%-2.44%-3.46%+23 bps
Growth
Asset Growth (YoY)-36.89%-34.44%-27.19%8.15%7.27%+4,416 bps
Loan Growth (YoY)105.26%33.33%62.86%18.52%-84.62%-18,988 bps
Deposit Growth (YoY)20.32%13.25%14.78%7.66%7.42%-1,289 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 / Loans0.00%0.00%0.00%0.00%0.00%0 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 Capital103.33%101.72%99.70%99.01%94.56%-877 bps
Equity / Assets61.49%60.89%57.69%58.93%57.97%-352 bps
Liquidity & Funding
Loans / Deposits0.14%0.19%0.18%0.11%0.02%-12 bps
Liquid Assets / Assets21.63%20.45%22.57%19.72%19.39%-224 bps
CRE / Total Capitaln/an/an/an/an/an/an/a