Lynnwood, WA · Cert 21521
FDIC
Q1 2010
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2010, the quarter ended March 31, 2010, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Lynnwood, WA · Cert 21521
FDIC
Q1 2010
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q2 2008 | Q3 2008 | Q4 2008 | Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 | Q1 2010 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 2.34% | 0.42% | -4.69% | -2.38% | -4.63% | -6.80% | -9.45% | -6.13% | -375 bps | |
| Return on Equity | 13.91% | 2.52% | -30.56% | -23.40% | -48.02% | -77.03% | -124.24% | -474% | -45,024 bps | |
| Net Interest Margin | 5.50% | 5.23% | 4.30% | 1.05% | 0.66% | 0.46% | 0.32% | 0.03% | -103 bps | |
| Efficiency Ratio | 26.33% | 27.89% | 58.33% | 255% | 432% | 563% | 1012% | n/a | n/a | |
| Non-Interest Burden | 1.13% | 1.17% | 2.36% | 3.10% | 3.68% | 3.74% | 5.43% | 6.07% | +297 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 13.13% | 12.30% | 6.98% | 4.71% | -0.19% | -7.93% | -15.94% | -28.36% | -3,307 bps | |
| Loan Growth (YoY) | 10.99% | 8.33% | -7.79% | -14.18% | -19.37% | -30.78% | -45.51% | -48.32% | -3,413 bps | |
| Deposit Growth (YoY) | 17.93% | 21.91% | 25.87% | 19.62% | 14.55% | 5.99% | -6.21% | -19.47% | -3,909 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 | 0.31% | 0.68% | 8.90% | 0.02% | 1.04% | 2.50% | 21.40% | 0.00% | -2 bps | |
| Allowance / Loans | 1.23% | 3.19% | 3.27% | 3.88% | 4.93% | 7.44% | 2.68% | 2.90% | -98 bps | |
| 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 | 18.98% | 17.55% | 12.88% | 12.41% | 11.39% | 8.95% | 3.57% | 1.34% | -1,107 bps | |
| Equity / Assets | 17.04% | 15.62% | 10.65% | 9.71% | 8.55% | 6.13% | 1.94% | 0.56% | -915 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 123.57% | 118.92% | 98.45% | 91.60% | 86.98% | 77.66% | 57.20% | 58.78% | -3,281 bps | |
| Liquid Assets / Assets | 0.25% | 0.42% | 0.11% | 0.15% | 0.10% | 0.08% | 0.23% | 3.80% | +365 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |