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Bank of Fairfield

Fairfield, WA · Cert 11207

FDIC · 8 branches

Q3 2015

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2015, the quarter ended September 30, 2015, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Bank of Fairfield

Fairfield, WA · Cert 11207

FDIC · 8 branches

Q3 2015

$148.1MAssets
$117.8MLoans
$119.7MDeposits
$14.5MEquity
Loan mix
83%RE $40.4M11%C&I $5.5M5%Consumer $2.6MQ3 2014Q3 2015
Deposit mix
68%Interest-bearing $81.7M32%Noninterest $38.0MQ3 2014Q3 2015

NIM

4.48%Q3 ’134.09%Q3 ’144.19%Q3 ’15-7%+5%

Non-interest income vs. expense

3.73%Q3 ’133.42%Q3 ’144.45%Q3 ’15-8%+36%

Market Position · Spokane-Spokane Valley, WA · 2015 SOD (annual) · 1.3% share · #13 of 19 inst. · $0.1B of $7.9B

1.3% Spokane
3.4% Whitman

Executive Summary

  • Earnings: ROA of 0.14%, down 41 bps year over year; NIM at 3.99%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Capital: tier 1 leverage ratio of 9.50%.
  • Funding: loans stand at 98.38% of deposits as of Q3 2015.

Financial Results

Return on Assets (YTD, annualized)

0.14%1-41 bps YoY

Net Interest Margin (YTD, annualized)

3.99%+21 bps YoY

Efficiency Ratio (YTD, annualized)

103.34%+2,103 bps YoY

Tier 1 Leverage Ratio

9.50%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.55%0.53%0.51%0.54%0.14%1-41 bps
Return on Equity5.64%5.34%5.19%5.49%1.44%-420 bps
Net Interest Margin3.79%4.07%3.86%3.90%3.99%+21 bps
Efficiency Ratio82.32%83.40%85.12%84.81%103.34%+2,103 bps
Non-Interest Burden3.05%3.33%3.25%3.26%4.14%+109 bps
Growth
Asset Growth (YoY)-2.55%4.26%3.02%-1.57%-0.71%+184 bps
Loan Growth (YoY)2.67%2.09%13.51%7.41%6.21%+355 bps
Deposit Growth (YoY)-4.85%4.27%1.66%2.88%-7.21%-236 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.11%0.08%0.07%-0.04%-6 bps
Allowance / Loans1.79%1.71%1.81%1.57%1.60%-19 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a9.66%9.65%9.50%n/a
Total Risk-Based Capital14.03%14.11%14.57%14.25%13.13%-90 bps
Equity / Assets9.97%10.07%9.73%9.63%9.81%-16 bps
Liquidity & Funding
Loans / Deposits85.94%82.92%76.89%94.21%98.38%+1,244 bps
Liquid Assets / Assets11.64%9.80%17.69%13.74%11.15%-49 bps
CRE / Total Capitaln/an/an/an/an/an/an/a