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City Bank

Lynnwood, WA · Cert 21521

FDIC

Q1 2010

$981.9MAssets
$540.6MLoans
$919.6MDeposits
$5.5MEquity
Loan mix
95%RE $328.8M5%C&I $17.9M0%Consumer $0.3MQ1 2009Q1 2010
Deposit mix
96%Interest-bearing $887.3M4%Noninterest $32.3MQ1 2009Q1 2010

NIM

9.55%Q1 ’084.16%Q1 ’092.57%Q1 ’10-83%-97%

Non-interest income vs. expense

1.62%Q1 ’083.35%Q1 ’093.83%Q1 ’10+207%+96%

Executive Summary

  • Earnings: ROA of -6.13%, down 375 bps year over year; NIM at 0.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 58.78% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-6.13%-375 bps YoY

Net Interest Margin (quarter, annualized)

0.03%-103 bps YoY

Efficiency Ratio (quarter, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-2.38%-6.84%-11.34%-18.22%-6.13%-375 bps
Return on Equity-23.40%-74.78%-153.74%-441%-474%-45,024 bps
Net Interest Margin1.05%0.26%-0.03%-0.08%0.03%-103 bps
Efficiency Ratio255%901%1798%11117%n/an/a
Non-Interest Burden3.10%4.24%3.45%10.41%6.07%+297 bps
Growth
Asset Growth (YoY)4.71%-0.19%-7.93%-15.94%-28.36%-3,307 bps
Loan Growth (YoY)-14.18%-19.37%-30.78%-45.51%-48.32%-3,413 bps
Deposit Growth (YoY)19.62%14.55%5.99%-6.21%-19.47%-3,909 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%2.05%5.11%74.95%0.00%-2 bps
Allowance / Loans3.88%4.93%7.44%2.68%2.90%-98 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 Capital12.41%11.39%8.95%3.57%1.34%-1,107 bps
Equity / Assets9.71%8.55%6.13%1.94%0.56%-915 bps
Liquidity & Funding
Loans / Deposits91.60%86.98%77.66%57.20%58.78%-3,281 bps
Liquid Assets / Assets0.15%0.10%0.08%0.23%3.80%+365 bps
CRE / Total Capitaln/an/an/an/an/an/an/a