Americanwest Bancorporation 8K Announces 2006 Second Quarter Results | AWBC 28 Jul 06

Exhibit 99.2

Safe Harbor Statement

•

During the course of this presentation we will make forward-looking

statements which are:

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Subject to contingencies and uncertainties

•

Not a guarantee of future performance

•

Based on assumptions that may change

•

Not to be relied on unduly

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Many factors are beyond our ability to control or predict, including

specific factors such as:

•

Interest rates

•

Economic conditions and regulatory requirements

•

Asset performance

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For all risk factors see AWBC’s Form 10-K as filed with the SEC

AWBC Overview

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Founded in 1974 as United Security Bank

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Operated acquired banks independently until 2001, when all were

unified under the single name of AmericanWest Bank

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Traded on NASDAQ under the symbol AWBC

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Included in the Russell 2000 and Russell Microcap Indexes

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Market Capitalization of $257MM at 6/30/06

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Headquartered in Spokane, Washington

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43 financial centers located in Eastern and Central Washington,

North Idaho and loan offices in Ellensburg, WA and Salt Lake City, UT

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$1.376B in total assets and $1.066B in total deposits at 6/30/06

•

491 FTE at 6/30/06

AWBC Total Assets

($ in millions)

$1,376

$487

$513

$528

$599

$659

$917

$1,024

$1,049

$1,109

Grant

National

Bank of

Pullman

Bank of

Latah

Bank of

the West

Columbia

Trust Bank

1997

2006

YTD

A Turnaround Project

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Faced with MOU for Compliance Violations

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State Issued Directive to Improve Credit Quality

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NPAs Peaked at $33MM or 3.26% of Total Assets

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Substandard Assets at $65MM or 6.26% of Total

Assets

•

Three Regional Presidents

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Dated Technology

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No Retail Bank Strategy

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Transactional vs. Relationship Focus

Turnaround Results

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MOU and Directive Lifted Fourth Quarter 2005

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NPAs Reduced to $14.5MM at 6/30/06

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This is a 56% Reduction

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Substandard Assets Reduced to $30MM at 6/30/06

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This is a 54% Reduction

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Dismantled Regions and Unified Bank

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Deployed Upgraded Technologies

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Automated Teller Platform

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Automated New Accounts Platform

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Rolled Out Upgraded ATM’s Throughout Our Footprint

Turnaround Results: Solidified Credit Culture

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Turned Over Nearly Half of our Lenders and 80% of

the Bank’s Executive Officers

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Standardized Credit Approval Documentation and

Analysis Tools

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Centralized Credit Administration in Spokane

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Modified Policies and Provided Training to Lenders

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Centralized Appraisal Ordering and Review; Evaluation

Ordering and Review

Turnaround Results: Retail Expansion

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Launched Retail Banking in June 2005 with 30 New

Consumer and Small Business Products

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Supported Retail Banking with a Marketing Department

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Launched Private Banking and Cash Management

Initiatives

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Re-structured and Expanded Residential & Construction

Lending

•

Building Management Team that has Customer Sales

and Service Experience and Focus

Deposit Market Share (at 12-31-05)

7.4%

Walla Walla, WA

0.78%

WASHINGTON

4.3%

Yakima, WA

0.92%

IDAHO

1.1%

Kootenai, ID

1.7%

Tri-Cities, WA

4.5%

Spokane, WA

AWBC RANK

COUNTY/MSA

Source: SNL Financial

Key Growth Markets (2000-2005)

HH Income +12.8%

Home sales +57.1%

HH Income +17.5%

Home sales +56.3%

HH Income +11.8%

Home sales +41.2%

Walla Walla

Salt Lake City

Yakima

HH Income +14.9%

Home sales +111%

HH Income +12.2%

Home sales +52.3%

HH Income +12.6%

Home sales +59.4%

North Idaho

Tri-Cities

Spokane

Key Industries (percent of total employment)

Manufacturing

Healthcare

Agriculture

Government

Retail

Manufacturing

Healthcare

Hospitality

Administrative

Agriculture

Government

Healthcare

Manufacturing

Retail

Walla Walla

Salt Lake City

Yakima

Retail

Government

Hospitality

Professional

Education

Government

Professional

Retail

Agriculture

Healthcare

Retail

Government

Manufacturing

Hospitality

North Idaho

Tri-Cities

Spokane

Profit-Based Growth Strategy

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Focus on Fundamental “Relationship-Based”

Community Banking

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Further Enhance Sales Culture

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Improve Credit Quality

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Ongoing Expansion of Retail Banking Products and

Services

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Profitable Growth through de novo Branching and

Acquisitions

Community Banking Focus

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Shift from transaction focus to long-term financial

relationships as a value added financial partner

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Attract and retain highly talented staff with strong

local connections

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Charitable donations in excess of $240,000 given

through our Community Connections volunteer

program throughout our entire footprint

Enhanced Sales Culture

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Launched internal training department which has

assisted in creating a sales culture

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3,671 attendees in classroom training sessions

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Over 19,521 online sessions being completed since

the inception of the program in January of 2005

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Implemented deposit and loan goals tied to incentive

programs

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Establish multiple cross sales targets

Further Improving Credit Quality

•

Reduced Nonperforming loans to $13.6MM or 1.14% of total

gross loans

•

Down from $14.5MM or 1.50% at 12/31/05

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Substandard loans declined by $4.7 million since 12/31/05 to

2.50% of total loans

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Lowest QE level in 3 years

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Accruing loans delinquent in excess of 30 days were $3.3

million or 0.28% of total gross loans at 6/30/06

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Down from $9.8 million or 1.02% as of 12/31/05

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Subsequent to QE we have resolved an additional $1.5MM in

NPAs, which would have reduced our NPAs/Assets ratio to

0.95% as of 6/30/06

Ongoing Retail Expansion

•

Continuing to upgrade technologies to increase

efficiencies

•

Automated teller platform

•

Remote capture

•

Automated new accounts platform

•

Providing full array of products with competitive pricing

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Improving distribution channels through Private

Banking and Cash Management Initiatives

•

Rolling out additional ATM’s to further improve

distribution

De Novo and Acquisition Growth

Financial Centers:

•

De Novo –

Sandpoint, ID in Q1 2006

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Relocate –

Hayden, ID in Q3 2006

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Relocate –

Yakima, WA in Q3 2006

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De Novo –

College Place, WA (Walla Walla) in Q4 2006

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De Novo –

Spokane, WA (West Plains) in Q4 2006

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De Novo –

Coeur d’Alene, ID in Q4 2006

De Novo and Acquisition Growth

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Completed acquisition of Columbia Trust Bancorp, Tri-Cities,

WA in Q1 2006

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Assets in excess of $200MM

•

Anticipated cost savings in excess of $3MM on an

annualized basis

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Opened new LPO, Salt Lake City, Utah in Q2 2006

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Loan production Office current has an active pipeline in

excess of $100 million

AWBC Net Income

($ in millions)

2001 2002

2003 2004 2005 2006 YTD

AWBC Diluted Earnings per Share

* adjusted for stock dividends

2001 2002

2003 2004 2005 2006 YTD

Trends in ROAA and ROAE (percentage)

Return on Average Equity

Return on Average Assets

2001 2002

2003 2004 2005 2006 YTD

AWBC vs. Peer Net Interest Margin (percentage)

AWBC

Peer (Average)

Source: Uniform Bank Performance Report

2001 2002

2003 2004 2005 2006 YTD

AWBC vs. Peer Non-Performing Assets

AWBC

Peer (Average)

Source: Uniform Bank Performance Report

% of NPA Divided by Gross Loans and ORE

2001 2002

2003 2004 2005 2006 YTD

AWB vs. Peer Tier 1 Capital Ratios (percentage)

AWB

Peer (Average)

Source: Uniform Bank Performance Report

2001 2002

2003 2004 2005 2006 YTD

2006 Highlights

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Net Income of $4.4MM or $0.39 per diluted share YTD

•

Gross loans up $227MM or 24% since 12/31/05

•

Loan portfolio growth of 4% in Q2 2006

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Further improved overall credit quality

•

Total deposits up $168MM or 19% from 12/31/05

•

Efficiency ratio improved to 69.99% for Q2 2006

2006 Performance Targets

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Grow loan portfolio in the mid-teens

•

Further diversity loans with growth in C&I and consumer loans

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Grow deposit portfolio by $125MM during the latter half of 2006

•

Target increased non-interest checking accounts

•

Drive income growth through higher production and stabilized expense

levels

•

Achieve ROA >1.10% in near term and >1.30% in the longer term

•

Optimally

deploy

capital

while

maintaining

“well

capitalized”

regulatory

ratios

•

Improve credit quality with nonperforming assets/total assets <1.00%

•

Improve noninterest income to revenues to >15%

•

Decrease noninterest expense to average assets <3.25%

•

Achieve efficiency ratio of 65% in near term and <60% in the longer term

•

Realize CTB cost savings of $3MM

Loan Portfolio

Net Loans and Leases, including HFS, $1.175B at 6/30/06

Commercial RE

51%

Commercial & Industrial

25 %

Agriculture

13%

RE Mortgage

6 %

Installment & Other

2 %

RE Construction

Deposit Portfolio

Time Deposits

37%

NOW & Savings

Accounts/MMDA

42%

Total Deposits $1.066B at 6/30/06

Noninterest checking

21%

(2,264)

6,681

4,417

NET INCOME

(896)

3,323

2,427

Income Tax Expense

(3,160)

10,004

6,844

INCOME BEFORE TAXES

4,960

19,392

24,352

Noninterest Expense

3,866

3,946

Noninterest Income

1,720

25,530

27,250

NET INTEREST INCOME AFTER PROVISION

221

1,265

1,486

Provision for loan losses

1,941

26,795

28,736

NET INTEREST INCOME

6,984

7,667

14,651

TOTAL INTEREST EXPENSE

1,884

1,180

3,064

Interest on borrowings

5,100

6,487

11,587

Interest on deposits

8,925

34,462

43,387

TOTAL INTEREST INCOME

293

702

995

Interest on investments

$8,632

$33,760

$42,392

Interest and fees on loans

Variance

6/30/2005

6/30/2006

FOR THE SIX MONTHS ENDED JUNE 30, 2006 AND 2005

($ in thousands, unaudited)

Statements of Income

267,076

1,109,134

1,376,210

TOTAL

LIABILITIES

and

STOCKHOLDERS’

EQUITY

27,218

121,477

148,695

Total

Stockholders’

Equity

239,858

987,657

1,227,515

TOTAL LIABILITIES

1,408

8,380

9,788

Other Liabilities

70,255

81,847

152,102

Borrowings

168,195

897,430

1,065,625

Deposits

LIABILITIES

267,076

1,109,134

1,376,210

TOTAL ASSETS

34,308

74,538

108,846

Other assets

228,941

951,288

1,180,229

Net Loans, including HFS

13,419

31,364

44,783

Securities

($9,592)

$51,944

$42,352

Cash and cash equivalents

Variance

12/31/2005

6/30/2006

ASSETS

($ in thousands, unaudited)

Consolidated Balance Sheet

AWBC

Price

History

(9/04

–

6/06)

Date

26.860

03/30/2006

317,942

01/27/2006

Low

16.010

07/26/2004

Low

10/12/2004

Avg

21.504

Avg

30,568

Stock Price Summary

Volume Traded Summary

$10

$12

$14

$16

$18

$20

$22

$24

$26

$28

$30

15,000

30,000

45,000

60,000

75,000

90,000

105,000

120,000

135,000

150,000

Americanwest Bancorporation (AWBC) Inactive 8-KAmericanwest Bancorporation Announces 2006 Second Quarter Results