Financial Highlights

United Western Bancorp, Inc. (NASDAQ: UWBK)

Native Currency: U.S. dollar(USD)

Current Currency: U.S. dollar(USD)

Period Ended
Period Restated?

2003 Y

2004 Y

2005 Y

2006 Y

09/07 LTM

12/31/2003

12/31/2004

12/31/2005

12/31/2006

09/30/2007

Yes

Yes

Yes

No

No

U.S. GAAP

U.S. GAAP

U.S. GAAP

U.S. GAAP

U.S. GAAP

Total Assets

1,723,924

1,888,860

2,079,388

2,156,548

2,067,546

Total Net Loans

1,344,256

1,369,539

1,353,385

1,155,721

1,201,042

974,059

1,119,159

1,124,044

1,345,681

1,317,301

69,684

92,315

180,728

107,753

112,767

Accounting Principle

Balance Sheet ($000)

Total Deposits
Equity

Profitability (%)
Net Income ($000)

2,325

21,897

1,558

11,656

10,903

ROAA

0.14

1.26

0.08

0.54

0.51

Core ROAA

0.05

0.11

0.09

0.28

NA

ROAE

3.37

28.63

1.56

10.49

9.65

Core ROAE

1.24

2.50

1.80

5.46

NA

Net Interest Margin

2.42

2.56

2.44

2.71

3.24

Reported: Net Interest Margin

2.58

2.57

2.44

2.74

NA

Efficiency Ratio

95.67

93.15

97.54

87.38

85.41

Noninterest Inc/ Operating Rev

61.63

53.80

37.98

29.37

23.96

Loans/ Deposits

36.40

34.46

38.32

53.34

62.25

Securities/ Assets

10.63

18.52

27.61

40.89

35.05

4.04

4.89

8.69

5.00

5.45

Balance Sheet Ratios/ Capital (%)

Total Equity/ Total Assets

Tangible Equity/ Tangible Assets

4.04

4.89

8.69

5.00

5.45

Tier 1 Ratio

11.20

12.20

13.80

14.88

13.31

Total Risk-based Capital Ratio

12.10

12.98

14.34

15.70

14.03

NA

NA

NA

NA

NA

6.20

6.32

6.28

6.82

7.36

Leverage Ratio (Bank, BHC Only)

Core Cap/ Tang Assets (OTS Only)

Asset Quality (%)

NPAs/ Assets

1.96

1.60

0.83

0.57

0.68

NPAs & 90 day/ Assets

1.96

1.60

0.83

0.57

0.68

NPAs/ Loans & REO

2.48

2.18

1.26

1.04

1.16

NCOs/ Avg Loans

0.23

0.14

0.20

0.15

0.09

Loan Loss Reserves/ Gross Loans

0.72

0.81

0.73

0.75

0.79

29.01

36.98

58.07

71.78

67.51

112.39

154.51

52.46

131.15

131.43

Common Shares Outstanding (actual)

6,518,981

6,620,850

11,740,850

7,256,573

7,280,084

Avg Diluted Shares (actual)

6,539,195

6,630,006

7,036,128

7,791,516

7,326,135

Book Value per Share

10.68

13.94

15.39

14.85

15.49

Tangible Book Value per Share

10.68

13.94

15.39

14.85

15.49

0.0000

0.0000

0.0000

0.0000

0.1800

0.36

3.30

0.22

1.50

1.49

NM

816.7

(93.3)

581.8

684.2
NA

Reserves/ NPAs
Loan Loss Provision/ NCO

Per Share Information ($)

Common Dividends Declared

EPS after Extra
EPS Growth after Extra (%)
Core EPS
Core EPS Growth (%)
Diluted EPS before Amortization

Source: SNL Financial

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0.13

0.29

0.25

0.78

NA

117.9

(11.9)

206.9

NA

0.36

3.30

0.22

1.50

1.49