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Silverdale State Bank

Silverdale, WA · Cert 11216

FDIC

Q3 2001

$31.5MAssets
$15.7MLoans
$28.5MDeposits
$2.7MEquity
Loan mix
93%RE $10.2M7%C&I $0.8M0%Consumer $0.0MQ3 2000Q3 2001
Deposit mix
72%Interest-bearing $20.6M28%Noninterest $7.9MQ3 2000Q3 2001

NIM

7.49%Q1 ’017.39%Q2 ’017.25%Q3 ’01-1%-2%

Non-interest income vs. expense

4.21%Q1 ’014.34%Q2 ’013.58%Q3 ’01+5%-20%

Executive Summary

  • Earnings: ROA of 1.65%, up 212 bps year over year; NIM at 5.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 55.06% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

1.65%+212 bps YoY

Net Interest Margin (quarter, annualized)

5.02%

Efficiency Ratio (quarter, annualized)

64.27%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets-0.47%-0.10%0.98%0.79%1.65%+212 bps
Return on Equityn/an/an/a8.05%18.11%n/a
Net Interest Marginn/an/a5.14%5.11%5.02%n/a
Efficiency Ration/an/a73.45%76.76%64.27%n/a
Non-Interest Burdenn/an/a3.62%3.80%3.02%n/a
Growth
Asset Growth (YoY)0.07%-1.06%-4.32%-1.22%16.09%+1,602 bps
Loan Growth (YoY)20.06%14.56%23.00%0.69%-2.98%-2,304 bps
Deposit Growth (YoY)0.11%-1.00%-6.05%-1.13%19.20%+1,909 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.00%0.00%-0.03%n/a
Allowance / Loansn/an/a1.35%1.44%1.53%n/a
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 Capitaln/an/a18.84%19.02%18.13%n/a
Equity / Assetsn/an/a10.19%9.55%8.68%n/a
Liquidity & Funding
Loans / Deposits67.65%70.94%71.63%64.68%55.06%-1,259 bps
Liquid Assets / Assets0.00%0.00%1.68%1.57%33.19%+3,319 bps
CRE / Total Capitaln/an/an/an/an/an/an/a