PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Evergreenbank

Seattle, WA · Cert 20501

FDIC

Q4 2009

$396.0MAssets
$370.5MLoans
$340.4MDeposits
$7.2MEquity
Loan mix
83%RE $231.4M16%C&I $44.1M1%Consumer $2.6MQ4 2008Q4 2009
Deposit mix
89%Interest-bearing $301.6M11%Noninterest $38.8MQ4 2008Q4 2009

NIM

7.68%Q4 ’075.74%Q4 ’084.92%Q4 ’09-23%-8%

Non-interest income vs. expense

5.25%Q4 ’074.88%Q4 ’083.62%Q4 ’09-1%-14%

Executive Summary

  • Earnings: ROA of -0.18%, up 634 bps year over year; NIM at 2.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 108.84% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

-0.18%+634 bps YoY

Net Interest Margin (quarter, annualized)

2.97%-28 bps YoY

Efficiency Ratio (quarter, annualized)

115.44%-329 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-6.52%0.26%-15.24%-5.41%-0.18%+634 bps
Return on Equity-82.51%3.77%-321%-245%-10.66%+7,185 bps
Net Interest Margin3.25%2.97%2.78%2.51%2.97%-28 bps
Efficiency Ratio118.74%90.81%122.13%103.74%115.44%-329 bps
Non-Interest Burden4.02%2.67%3.37%2.62%3.45%-56 bps
Growth
Asset Growth (YoY)9.73%13.06%11.04%3.87%-14.08%-2,381 bps
Loan Growth (YoY)12.58%8.98%-2.40%-9.21%-12.35%-2,494 bps
Deposit Growth (YoY)15.85%19.31%32.10%21.76%-5.17%-2,102 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.45%0.39%9.31%1.35%0.15%-431 bps
Allowance / Loans2.48%2.39%4.74%6.36%6.55%+406 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 Capital8.96%9.22%4.93%3.39%3.44%-551 bps
Equity / Assets7.11%6.78%2.80%1.59%1.82%-529 bps
Liquidity & Funding
Loans / Deposits117.76%109.63%94.68%87.38%108.84%-892 bps
Liquid Assets / Assets1.36%6.86%9.48%4.72%6.82%+545 bps
CRE / Total Capitaln/an/an/an/an/an/an/a