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Centennial Bank

Portland, OR · Cert 22493

FDIC

Q3 2002

$866.8MAssets
$639.1MLoans
$748.9MDeposits
$97.1MEquity
Loan mix
14%RE $41.2M83%C&I $237.5M2%Consumer $6.2MQ3 2001Q3 2002
Deposit mix
79%Interest-bearing $590.5M21%Noninterest $158.4MQ3 2001Q3 2002

NIM

8.77%Q1 ’018.35%Q3 ’016.51%Q3 ’02+16%-15%

Non-interest income vs. expense

2.48%Q1 ’013.24%Q3 ’012.71%Q3 ’02+31%-24%

Executive Summary

  • Earnings: ROA of 1.38%, down 29 bps year over year; NIM at 4.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.58%.
  • Funding: loans stand at 85.35% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

1.38%-29 bps YoY

Net Interest Margin (quarter, annualized)

4.92%-90 bps YoY

Efficiency Ratio (quarter, annualized)

51.10%+20 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.68%1.99%1.03%1.37%1.38%-29 bps
Return on Equity15.02%17.29%8.84%11.76%12.03%-299 bps
Net Interest Margin5.82%5.98%5.46%5.09%4.92%-90 bps
Efficiency Ratio50.90%46.71%50.69%53.06%51.10%+20 bps
Non-Interest Burden2.69%2.34%2.52%2.48%2.04%-65 bps
Growth
Asset Growth (YoY)2.09%-3.80%-3.15%-3.90%2.85%+77 bps
Loan Growth (YoY)-3.30%-5.04%-8.12%-6.70%-4.14%-84 bps
Deposit Growth (YoY)6.39%0.09%-2.62%-5.94%2.29%-410 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.45%0.59%0.53%0.76%2.58%+213 bps
Allowance / Loans1.58%1.58%1.95%1.97%1.47%-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 Capital12.47%12.66%13.18%13.51%13.00%+53 bps
Equity / Assets11.34%11.68%11.51%11.81%11.21%-13 bps
Liquidity & Funding
Loans / Deposits91.08%95.32%90.23%88.56%85.35%-573 bps
Liquid Assets / Assets0.03%0.03%0.45%0.97%1.60%+157 bps
CRE / Total Capitaln/an/an/an/an/an/an/a