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Bank of Whitman

Colfax, WA · Cert 22528

FDIC

Q2 2011

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2011, the quarter ended June 30, 2011, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Bank of Whitman

Colfax, WA · Cert 22528

FDIC

Q2 2011

$548.6MAssets
$447.9MLoans
$515.7MDeposits
$-319KEquity
Loan mix
74%RE $185.5M24%C&I $60.9M1%Consumer $3.5MQ2 2010Q2 2011
Deposit mix
80%Interest-bearing $410.8M20%Noninterest $105.0MQ2 2010Q2 2011

NIM

5.40%Q2 ’094.68%Q2 ’104.70%Q2 ’11-16%+14%

Non-interest income vs. expense

2.90%Q2 ’093.05%Q2 ’104.25%Q2 ’11+20%+62%

Executive Summary

  • Earnings: ROA of -8.28%, down 812 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.87%.
  • Funding: loans stand at 86.85% of deposits as of Q2 2011.

Financial Results

Return on Assets (YTD, annualized)

-8.28%-812 bps YoY

Net Interest Margin (YTD, annualized)

3.36%+41 bps YoY

Efficiency Ratio (YTD, annualized)

159.04%+5,578 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-0.16%-1.85%-2.24%-6.87%-8.28%-812 bps
Return on Equity-3.06%-37.00%-47.03%-227%-394%-39,110 bps
Net Interest Margin2.95%2.99%3.25%3.07%3.36%+41 bps
Efficiency Ratio103.26%107.48%99.67%156.86%159.04%+5,578 bps
Non-Interest Burden3.05%3.22%3.23%4.51%4.94%+189 bps
Growth
Asset Growth (YoY)-5.65%-6.64%-19.51%-23.25%-26.35%-2,070 bps
Loan Growth (YoY)-12.85%-16.59%-17.26%-16.21%-23.76%-1,091 bps
Deposit Growth (YoY)-6.40%-6.56%-13.28%-15.89%-16.94%-1,054 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.32%2.31%3.77%4.93%5.87%+355 bps
Allowance / Loans3.18%4.44%4.29%4.97%6.70%+351 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 Capital8.63%7.02%6.17%4.12%-0.10%-872 bps
Equity / Assets5.54%4.31%3.66%2.31%-0.06%-560 bps
Liquidity & Funding
Loans / Deposits94.62%92.98%84.60%90.57%86.85%-777 bps
Liquid Assets / Assets11.58%11.22%12.51%5.78%10.66%-93 bps
CRE / Total Capitaln/an/an/an/an/an/an/a