PackageTrendsPeer
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First Mutual Bank

Bellevue, WA · Cert 19835

FDIC

Q4 2007

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: Q4 2007, the quarter ended December 31, 2007, 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

First Mutual Bank

Bellevue, WA · Cert 19835

FDIC

Q4 2007

$1.0BAssets
$936.6MLoans
$764.0MDeposits
$86.1MEquity
Loan mix
82%RE $579.4M18%C&I $124.4M0%Consumer $0.0MQ4 2006Q4 2007
Deposit mix
92%Interest-bearing $701.4M8%Noninterest $62.6MQ4 2006Q4 2007

NIM

6.34%Q4 ’057.50%Q4 ’067.73%Q4 ’07+1%-2%

Non-interest income vs. expense

2.52%Q4 ’052.70%Q4 ’062.79%Q4 ’07-1%+4%

Executive Summary

  • Earnings: ROA of 0.95%, down 19 bps year over year; NIM at 3.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 122.60% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

0.95%-19 bps YoY

Net Interest Margin (YTD, annualized)

3.91%-7 bps YoY

Efficiency Ratio (YTD, annualized)

62.16%+290 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets1.15%1.16%1.01%1.00%0.95%-19 bps
Return on Equity15.31%13.68%11.73%11.62%11.18%-412 bps
Net Interest Margin3.98%3.81%3.80%3.99%3.91%-7 bps
Efficiency Ratio59.26%60.00%63.86%63.43%62.16%+290 bps
Non-Interest Burden2.13%1.96%2.16%2.30%2.21%+8 bps
Growth
Asset Growth (YoY)-0.58%-2.61%-6.73%-6.95%-4.83%-425 bps
Loan Growth (YoY)1.62%-0.42%-4.41%-1.84%3.24%+163 bps
Deposit Growth (YoY)5.18%-1.34%0.14%-1.92%-5.75%-1,093 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.07%0.07%0.07%0.10%0 bps
Allowance / Loans1.07%1.10%1.10%1.10%1.18%+11 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 Capital12.40%12.63%12.92%11.66%11.76%-64 bps
Equity / Assets8.25%8.65%9.03%8.33%8.39%+14 bps
Liquidity & Funding
Loans / Deposits111.92%114.53%116.12%119.24%122.60%+1,068 bps
Liquid Assets / Assets1.17%0.83%1.22%1.12%0.72%-45 bps
CRE / Total Capitaln/an/an/an/an/an/an/a