Pacific State Bank

Reedsport, OR · Cert 18777

FDIC

Q3 2001

$53.0MAssets

$30.5MLoans

$47.2MDeposits

$4.8MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 1.42%, down 12 bps year over year; NIM at 4.68%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
Funding: loans stand at 64.63% of deposits as of Q3 2001.

Return on Assets (YTD, annualized)

1.42%-12 bps YoY

Net Interest Margin (YTD, annualized)

4.68%

Efficiency Ratio (YTD, annualized)

56.26%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	1.45%	1.35%	1.47%	1.54%	1.49%	1.45%	1.44%	1.42%	-12 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	4.66%	4.61%	4.68%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	54.97%	55.54%	56.26%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.35%	2.36%	2.43%	n/a
Growth
Asset Growth (YoY)	2.00%	4.23%	3.60%	1.91%	4.55%	0.95%	-1.85%	-0.11%	-203 bps
Loan Growth (YoY)	0.28%	5.59%	3.14%	10.56%	16.46%	13.28%	17.93%	9.90%	-66 bps
Deposit Growth (YoY)	4.28%	4.13%	2.86%	0.25%	2.38%	-1.74%	-4.62%	-1.30%	-155 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	-0.33%	-0.16%	-0.05%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.23%	1.20%	1.17%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	16.23%	15.47%	14.39%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	9.89%	9.74%	9.13%	n/a
Liquidity & Funding
Loans / Deposits	54.87%	55.34%	54.89%	58.05%	62.42%	63.80%	67.86%	64.63%	+659 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.01%	0.06%	+6 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a