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Wheatland Bank

Spokane, WA · Cert 22939

FDIC · 14 branches

Q4 2023

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: Q4 2023, the quarter ended December 31, 2023, 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

Wheatland Bank

Spokane, WA · Cert 22939

FDIC · 14 branches

Q4 2023

$728.3MAssets
$471.8MLoans
$622.6MDeposits
$55.2MEquity
Loan mix
85%RE $209.6M14%C&I $34.4M1%Consumer $1.6MQ4 2022Q4 2023
Deposit mix
54%Interest-bearing $335.0M46%Noninterest $287.6MQ4 2022Q4 2023

NIM

3.08%Q4 ’213.20%Q4 ’224.23%Q4 ’23+2%+1%

Non-interest income vs. expense

3.11%Q4 ’212.88%Q4 ’222.92%Q4 ’23+26%+8%

Market Position · Spokane-Spokane Valley, WA · 2023 SOD (annual) · 1.1% share · #13 of 16 inst. · $0.1B of $12.9B

1.1% Spokane
34.7% Lincoln
7.6% Grant
8.6% Franklin

Executive Summary

  • Earnings: ROA of 0.83%, down 11 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 9.46%, up 2 bps from a year ago.
  • Funding: loans stand at 75.77% of deposits as of Q4 2023.

Financial Results

Return on Assets (YTD, annualized)

0.83%-11 bps YoY

Net Interest Margin (YTD, annualized)

3.13%+2 bps YoY

Efficiency Ratio (YTD, annualized)

74.62%+276 bps YoY

Tier 1 Leverage Ratio

9.46%+2 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets0.94%0.69%0.85%0.84%0.83%-11 bps
Return on Equity13.01%9.85%12.05%11.88%11.50%-151 bps
Net Interest Margin3.11%3.19%3.07%3.00%3.13%+2 bps
Efficiency Ratio71.86%78.09%73.27%73.98%74.62%+276 bps
Non-Interest Burden1.98%2.36%2.07%2.02%2.13%+15 bps
Growth
Asset Growth (YoY)0.39%0.23%6.06%7.14%1.69%+130 bps
Loan Growth (YoY)9.12%19.90%19.41%19.48%12.14%+301 bps
Deposit Growth (YoY)-1.24%-5.21%-7.33%-7.86%-2.34%-110 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.01%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%-0.06%-0.03%-0.02%-2 bps
Allowance / Loans1.01%0.96%0.92%0.89%0.92%-9 bps
Allowance Coverage of NPLs846.4x603.9xn/a108.8x4338.0x+3491.6x
Capital
Tier 1 Leverage Ratio9.44%9.52%9.54%9.51%9.46%+2 bps
Total Risk-Based Capital13.85%13.79%13.53%13.48%13.40%-45 bps
Equity / Assets6.85%7.23%7.01%7.22%7.59%+74 bps
Liquidity & Funding
Loans / Deposits65.99%69.44%78.03%80.63%75.77%+978 bps
Liquid Assets / Assets2.73%2.49%1.91%14.82%15.42%+1,269 bps
CRE / Total Capitaln/an/an/an/an/an/an/a