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Mid State Bank

Waterville, WA · Cert 22742

FDIC

Q2 2007

$41.0MAssets
$35.9MLoans
$31.1MDeposits
$3.8MEquity
Loan mix
84%RE $16.1M15%C&I $2.9M1%Consumer $0.2MQ2 2006Q2 2007
Deposit mix
84%Interest-bearing $26.2M16%Noninterest $4.9MQ2 2006Q2 2007

NIM

6.53%Q2 ’057.52%Q2 ’068.28%Q2 ’07+10%+9%

Non-interest income vs. expense

4.01%Q2 ’054.00%Q2 ’064.50%Q2 ’07+0%+13%

Executive Summary

  • Earnings: ROA of 1.04%, unchanged from a year ago; NIM at 5.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 115.48% of deposits as of Q2 2007.

Financial Results

Return on Assets (YTD, annualized)

1.04%0 bps YoY

Net Interest Margin (YTD, annualized)

5.66%+48 bps YoY

Efficiency Ratio (YTD, annualized)

74.96%+211 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.04%0.99%0.99%1.11%1.04%0 bps
Return on Equity12.90%12.42%12.29%12.28%11.40%-150 bps
Net Interest Margin5.17%4.98%5.41%5.76%5.66%+48 bps
Efficiency Ratio72.85%73.93%74.08%75.99%74.96%+211 bps
Non-Interest Burden3.68%3.60%3.92%4.30%4.16%+48 bps
Growth
Asset Growth (YoY)1.26%-2.68%1.20%-4.30%-9.97%-1,123 bps
Loan Growth (YoY)0.89%0.57%1.37%-4.96%-8.63%-951 bps
Deposit Growth (YoY)2.69%-6.83%-5.60%-2.66%-13.86%-1,655 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.01%0.01%0.00%-0.01%-3 bps
Allowance / Loans0.59%0.59%0.63%0.68%0.64%+5 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 Capital11.49%11.40%12.77%13.89%13.50%+201 bps
Equity / Assets7.65%7.74%8.59%9.45%9.30%+165 bps
Liquidity & Funding
Loans / Deposits108.86%107.27%107.89%101.19%115.48%+662 bps
Liquid Assets / Assets0.05%0.03%0.05%0.04%0.07%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a