Snohomish, WA · Cert 23626
FDIC
Q1 2011
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2011, the quarter ended March 31, 2011, 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.
Snohomish, WA · Cert 23626
FDIC
Q1 2011
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 2009 | Q3 2009 | Q4 2009 | Q1 2010 | Q2 2010 | Q3 2010 | Q4 2010 | Q1 2011 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -3.02% | -3.76% | -2.94% | -1.34% | -2.96% | -3.97% | -5.54% | -0.99% | +36 bps | |
| Return on Equity | -36.49% | -48.99% | -39.11% | -19.84% | -46.26% | -66.31% | -103.48% | -43.24% | -2,339 bps | |
| Net Interest Margin | 2.88% | 2.70% | 2.77% | 2.58% | 2.76% | 2.76% | 2.98% | 2.88% | +31 bps | |
| Efficiency Ratio | 108.00% | 108.38% | 106.58% | 136.95% | 135.72% | 129.84% | 132.24% | 117.71% | -1,924 bps | |
| Non-Interest Burden | 3.17% | 3.00% | 3.01% | 3.69% | 3.98% | 3.84% | 4.26% | 3.56% | -14 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 20.04% | 8.78% | 4.11% | 5.19% | 0.51% | -8.47% | -16.92% | -20.46% | -2,565 bps | |
| Loan Growth (YoY) | 23.17% | 10.44% | -7.40% | -12.42% | -17.29% | -17.70% | -18.60% | -17.95% | -553 bps | |
| Deposit Growth (YoY) | 30.85% | 13.90% | 7.12% | 7.23% | 1.03% | -9.05% | -13.25% | -16.24% | -2,347 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 | 1.44% | 4.86% | 4.48% | 1.57% | 2.88% | 3.59% | 5.75% | 5.05% | +348 bps | |
| Allowance / Loans | 3.53% | 2.95% | 2.73% | 2.75% | 3.34% | 4.17% | 2.99% | 1.97% | -78 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 | 9.46% | 8.31% | 10.24% | 10.45% | 8.06% | 5.78% | 4.45% | 4.23% | -622 bps | |
| Equity / Assets | 7.30% | 5.88% | 6.97% | 6.57% | 5.66% | 4.61% | 2.38% | 2.17% | -440 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 97.31% | 89.38% | 82.80% | 80.17% | 79.66% | 80.88% | 77.69% | 78.53% | -163 bps | |
| Liquid Assets / Assets | 0.22% | 0.20% | 0.47% | 12.13% | 7.47% | 8.03% | 4.82% | 4.92% | -721 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |