PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

American Pacific Bank

Portland, OR · Cert 23001

FDIC

Q1 2005

$124.4MAssets
$119.8MLoans
$81.5MDeposits
$19.1MEquity
Loan mix
58%RE $19.1M32%C&I $10.3M10%Consumer $3.3MQ1 2004Q1 2005
Deposit mix
93%Interest-bearing $75.6M7%Noninterest $5.9MQ1 2004Q1 2005

NIM

7.33%Q1 ’037.07%Q1 ’047.32%Q1 ’05+5%+7%

Non-interest income vs. expense

3.81%Q1 ’033.41%Q1 ’043.04%Q1 ’05-10%-10%

Executive Summary

  • Earnings: ROA of 1.68%, up 33 bps year over year; NIM at 5.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 146.95% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

1.68%+33 bps YoY

Net Interest Margin (quarter, annualized)

5.72%+38 bps YoY

Efficiency Ratio (quarter, annualized)

49.30%-883 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets1.35%1.58%1.25%1.31%1.68%+33 bps
Return on Equity12.48%13.84%9.42%8.72%10.99%-149 bps
Net Interest Margin5.35%5.53%5.09%5.52%5.72%+38 bps
Efficiency Ratio58.13%55.48%63.49%57.49%49.30%-883 bps
Non-Interest Burden2.89%2.81%3.03%2.97%2.59%-30 bps
Growth
Asset Growth (YoY)5.47%8.02%9.18%13.23%9.46%+399 bps
Loan Growth (YoY)19.84%13.96%10.73%9.48%13.71%-613 bps
Deposit Growth (YoY)-5.74%-3.33%-2.82%2.86%-0.31%+543 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.17%0.17%0.11%0.11%0.11%-5 bps
Allowance / Loans0.90%0.94%0.90%0.91%0.91%0 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 Capital13.18%14.78%18.59%18.09%16.96%+379 bps
Equity / Assets11.19%11.66%14.86%15.16%15.37%+418 bps
Liquidity & Funding
Loans / Deposits128.83%115.53%116.89%125.27%146.95%+1,812 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a