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American Marine Bank

Bainbridge Island, WA · Cert 16730

FDIC

Q4 2009

$329.2MAssets
$240.3MLoans
$287.4MDeposits
$2.4MEquity
Loan mix
88%RE $187.8M11%C&I $23.2M2%Consumer $3.5MQ4 2008Q4 2009
Deposit mix
96%Interest-bearing $277.0M4%Noninterest $10.4MQ4 2008Q4 2009

NIM

6.80%Q4 ’075.43%Q4 ’084.83%Q4 ’09-16%+3%

Non-interest income vs. expense

3.57%Q4 ’073.43%Q4 ’084.50%Q4 ’09+56%+11%

Executive Summary

  • Earnings: ROA of 0.42%, up 79 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.40%.
  • Funding: loans stand at 83.59% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

0.42%+79 bps YoY

Net Interest Margin (quarter, annualized)

3.46%+9 bps YoY

Efficiency Ratio (quarter, annualized)

128.52%+671 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-0.37%-20.28%-0.11%-11.71%0.42%+79 bps
Return on Equity-4.54%-340%-3.07%-550%59.56%+6,410 bps
Net Interest Margin3.37%3.17%2.94%3.18%3.46%+9 bps
Efficiency Ratio121.82%146.22%103.55%103.90%128.52%+671 bps
Non-Interest Burden4.00%4.33%3.08%3.34%4.46%+46 bps
Growth
Asset Growth (YoY)-2.67%-9.52%-7.44%-11.43%-18.81%-1,614 bps
Loan Growth (YoY)-5.79%-13.31%-12.96%-17.00%-20.45%-1,466 bps
Deposit Growth (YoY)-1.07%0.23%-1.66%-3.98%-10.35%-928 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.58%19.46%0.08%13.81%1.40%+83 bps
Allowance / Loans1.36%3.35%3.36%4.76%4.76%+340 bps
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 Capital11.81%5.90%5.91%1.28%2.19%-963 bps
Equity / Assets8.25%3.51%3.48%0.70%0.72%-754 bps
Liquidity & Funding
Loans / Deposits94.21%89.26%87.69%83.62%83.59%-1,062 bps
Liquid Assets / Assets1.70%1.12%1.70%13.85%5.07%+338 bps
CRE / Total Capitaln/an/an/an/an/an/an/a