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Shorebank, Pacific

Ilwaco, WA · Cert 22680

FDIC

Q3 2010

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: Q3 2010, the quarter ended September 30, 2010, 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

Shorebank, Pacific

Ilwaco, WA · Cert 22680

FDIC

Q3 2010

$180.1MAssets
$101.2MLoans
$139.8MDeposits
$14.7MEquity
Deposit mix
93%Interest-bearing $129.6M7%Noninterest $10.2MQ3 2009Q3 2010

NIM

5.75%Q3 ’084.77%Q3 ’095.09%Q3 ’100%+11%

Non-interest income vs. expense

2.27%Q3 ’082.20%Q3 ’092.94%Q3 ’10-3%+33%

Executive Summary

  • Earnings: ROA of -0.95%, down 93 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.59%.
  • Funding: loans stand at 72.39% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

-0.95%-93 bps YoY

Net Interest Margin (YTD, annualized)

3.47%+35 bps YoY

Efficiency Ratio (YTD, annualized)

81.62%+1,299 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-0.03%0.01%1-0.59%-0.98%-0.95%-93 bps
Return on Equity-0.33%0.14%-8.17%-13.43%-12.69%-1,235 bps
Net Interest Margin3.12%3.28%3.24%3.22%3.47%+35 bps
Efficiency Ratio68.63%67.80%72.92%82.02%81.62%+1,299 bps
Non-Interest Burden2.11%2.19%2.33%2.62%2.81%+69 bps
Growth
Asset Growth (YoY)14.30%-4.70%-2.09%-12.31%-21.88%-3,618 bps
Loan Growth (YoY)10.92%0.73%-5.99%-9.81%-9.34%-2,026 bps
Deposit Growth (YoY)16.04%12.37%7.13%-6.89%-21.28%-3,732 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.07%3.03%3.61%3.50%3.59%+152 bps
Allowance / Loans2.07%1.64%1.86%1.58%1.45%-62 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 Capital13.02%13.64%13.50%13.41%10.68%-234 bps
Equity / Assets7.50%7.46%6.95%7.52%8.14%+64 bps
Liquidity & Funding
Loans / Deposits62.86%66.84%59.44%65.46%72.39%+953 bps
Liquid Assets / Assets1.29%3.28%3.79%6.24%5.42%+413 bps
CRE / Total Capitaln/an/an/an/an/an/an/a