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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

6.62%Q2 ’057.88%Q2 ’068.30%Q2 ’07+14%+8%

Non-interest income vs. expense

3.81%Q2 ’053.92%Q2 ’064.41%Q2 ’07+4%+13%

Executive Summary

  • Earnings: ROA of 0.99%, down 2 bps year over year; NIM at 5.62%.
  • 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 (quarter, annualized)

0.99%-2 bps YoY

Net Interest Margin (quarter, annualized)

5.62%+42 bps YoY

Efficiency Ratio (quarter, annualized)

73.91%+282 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.01%0.88%0.97%1.11%0.99%-2 bps
Return on Equity12.56%11.46%11.96%12.28%10.54%-203 bps
Net Interest Margin5.20%5.13%5.51%5.76%5.62%+42 bps
Efficiency Ratio71.09%76.01%74.51%75.99%73.91%+282 bps
Non-Interest Burden3.61%3.83%4.03%4.30%4.06%+45 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 / Loans0.00%0.00%0.01%0.00%-0.01%-1 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