Everett, WA · Cert 22710
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.
Everett, WA · Cert 22710
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 | 0.87% | 0.03% | -0.30% | -3.18% | -4.03% | -7.36% | -7.29% | -5.27% | -209 bps | |
| Return on Equity | 9.69% | 0.30% | -3.43% | -39.77% | -53.39% | -112.15% | -128.57% | -466% | -42,630 bps | |
| Net Interest Margin | 4.64% | 4.30% | 4.12% | 2.23% | 2.22% | 2.17% | 2.28% | 1.94% | -30 bps | |
| Efficiency Ratio | 40.17% | 42.02% | 41.32% | 77.07% | 85.49% | 90.06% | 99.59% | 214% | +13,665 bps | |
| Non-Interest Burden | 1.62% | 1.57% | 1.46% | 1.63% | 1.84% | 1.92% | 2.27% | 3.44% | +180 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 15.91% | 18.85% | 5.83% | 5.25% | -1.69% | -9.36% | -12.38% | -21.64% | -2,690 bps | |
| Loan Growth (YoY) | 19.13% | 15.90% | 4.24% | -1.88% | -10.57% | -18.39% | -24.06% | -27.04% | -2,516 bps | |
| Deposit Growth (YoY) | 16.57% | 20.79% | 11.47% | 5.68% | -1.49% | -5.22% | -4.74% | -15.25% | -2,093 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 | 0.50% | 0.82% | 1.67% | 6.50% | 8.77% | 10.42% | 11.75% | 10.05% | +355 bps | |
| Allowance / Loans | 2.06% | 2.76% | 2.98% | 3.05% | 2.89% | 4.51% | 5.27% | 4.36% | +131 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 | 10.43% | 10.08% | 10.60% | 10.13% | 9.13% | 5.35% | 3.38% | 1.09% | -904 bps | |
| Equity / Assets | 8.78% | 8.62% | 8.45% | 7.56% | 6.63% | 3.34% | 1.70% | 0.50% | -706 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 115.63% | 113.32% | 115.17% | 108.94% | 104.97% | 97.58% | 91.81% | 93.79% | -1,515 bps | |
| Liquid Assets / Assets | 0.54% | 2.15% | 2.99% | 7.05% | 7.48% | 9.86% | 9.50% | 6.24% | -82 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |