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Bank of Astoria

Astoria, OR · Cert 19877

FDIC

Q1 2008

$221.0MAssets
$148.0MLoans
$160.4MDeposits
$48.0MEquity
Loan mix
82%RE $70.8M17%C&I $14.5M1%Consumer $1.1MQ1 2007Q1 2008
Deposit mix
94%Interest-bearing $150.1M6%Noninterest $10.2MQ1 2007Q1 2008

NIM

5.08%Q1 ’065.74%Q1 ’075.76%Q1 ’08-2%+6%

Non-interest income vs. expense

2.65%Q1 ’062.61%Q1 ’073.00%Q1 ’08+1%+14%

Executive Summary

  • Earnings: ROA of 1.17%, down 14 bps year over year; NIM at 4.16%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
  • Funding: loans stand at 92.31% of deposits as of Q1 2008.

Financial Results

Return on Assets (quarter, annualized)

1.17%-14 bps YoY

Net Interest Margin (quarter, annualized)

4.16%+25 bps YoY

Efficiency Ratio (quarter, annualized)

58.02%+416 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets1.32%1.24%1.36%1.38%1.17%-14 bps
Return on Equity6.04%5.64%6.18%6.11%5.23%-81 bps
Net Interest Margin3.91%4.02%4.11%4.26%4.16%+25 bps
Efficiency Ratio53.86%57.55%56.66%56.69%58.02%+416 bps
Non-Interest Burden2.00%2.22%2.22%2.33%2.28%+28 bps
Growth
Asset Growth (YoY)4.30%3.03%1.37%-1.94%-0.37%-467 bps
Loan Growth (YoY)14.17%8.61%8.29%4.81%4.72%-945 bps
Deposit Growth (YoY)6.11%10.78%5.00%2.68%-1.94%-805 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%-0.75%-0.02%0.06%0.19%+16 bps
Allowance / Loans1.14%1.33%1.27%1.30%1.34%+20 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 Capital11.47%12.00%12.50%12.61%10.79%-68 bps
Equity / Assets21.74%22.05%22.02%23.02%21.72%-2 bps
Liquidity & Funding
Loans / Deposits86.44%85.72%86.95%90.51%92.31%+587 bps
Liquid Assets / Assets0.10%0.08%0.10%0.27%0.36%+26 bps
CRE / Total Capitaln/an/an/an/an/an/an/a