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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 $0.0MQ3 2005Q2 2007

Executive Summary

  • Earnings: ROA of 4.07%, down 385 bps year over year; NIM at 4.45%.
  • 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.

Return on Assets (YTD, annualized)

4.07%-385 bps YoY

Net Interest Margin (YTD, annualized)

4.45%-1 bps YoY

Efficiency Ratio (YTD, annualized)

22.16%+104 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

1.68%Q2 ’054.46%Q2 ’064.45%Q2 ’07+165%0%

Non-interest income vs. expense

0.85%Q2 ’052.07%Q2 ’062.09%Q2 ’07-167%+12%

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.98%2.19%3.88%7.93%7.14%7.15%5.04%4.07%-385 bps
Return on Equity4.06%4.64%8.05%15.20%13.18%13.03%8.64%7.00%-820 bps
Net Interest Margin2.11%2.16%3.80%4.46%4.14%4.47%4.87%4.45%-1 bps
Efficiency Ratio19.82%21.66%23.83%21.11%20.05%19.38%25.80%22.16%+104 bps
Non-Interest Burden-1.48%-1.26%-2.48%-3.26%-2.97%-3.08%-2.44%-2.88%+39 bps
Growth
Asset Growth (YoY)-8.36%-0.67%-33.54%-36.89%-34.44%-27.19%8.15%7.27%+4,416 bps
Loan Growth (YoY)8.33%-30.00%200%105.26%33.33%62.86%18.52%-84.62%-18,988 bps
Deposit Growth (YoY)-54.28%13.89%28.22%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital66.89%57.21%91.71%103.33%101.72%99.70%99.01%94.56%-877 bps
Equity / Assets47.56%40.03%60.40%61.49%60.89%57.69%58.93%57.97%-352 bps
Liquidity & Funding
Loans / Deposits0.16%0.13%0.10%0.14%0.19%0.18%0.11%0.02%-12 bps
Liquid Assets / Assets13.96%20.09%19.92%21.63%20.45%22.57%19.72%19.39%-224 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a