Olympia, WA · Charter 24582
Q4 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2003, the quarter ended December 31, 2003, 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.
Olympia, WA · Charter 24582
Q4 2003
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q4 2001 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 2.50% | 0.85% | 1.21% | 1.41% | 2.75% | 2.00% | 1.84% | 1.35% | -6 bps | |
| Return on Equity | 27.06% | 9.84% | 12.78% | 13.67% | 19.97% | 15.10% | 13.31% | 9.73% | -395 bps | |
| Net Interest Margin | 3.95% | 2.69% | 3.13% | 3.40% | 4.75% | 4.07% | 4.03% | 3.65% | +25 bps | |
| Efficiency Ratio | 40.08% | 60.40% | 54.50% | 51.19% | 36.50% | 43.80% | 47.00% | 54.33% | +314 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 23.03% | 48.55% | 5.47% | 5.48% | -18.29% | -22.17% | -20.25% | -17.78% | -2,325 bps | |
| Loan Growth (YoY) | 258% | 136.25% | 19.44% | -20.11% | -16.98% | -16.32% | -30.78% | -28.48% | -837 bps | |
| Share Growth (YoY) | 18.62% | 46.43% | 2.11% | 3.03% | -22.41% | -26.08% | -24.06% | -21.03% | -2,407 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 2.03% | 3.48% | 2.54% | 2.41% | 1.98% | 2.04% | 4.77% | 14.18% | +1,177 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 0.21% | 0.63% | 0.73% | 1.03% | 1.19% | 1.65% | 2.04% | 2.33% | +130 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 9.22% | 8.64% | 9.48% | 10.32% | 13.77% | 13.22% | 13.83% | 13.90% | +358 bps | |
| Net Worth / Assets | 9.22% | 8.64% | 9.48% | 10.32% | 13.77% | 13.22% | 13.83% | 13.90% | +358 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 62.47% | 45.66% | 53.56% | 49.20% | 66.84% | 51.69% | 48.82% | 44.56% | -464 bps | |
| Liquid Assets / Assets | 41.85% | 28.62% | 20.84% | 54.62% | 40.81% | 53.76% | 56.71% | 60.51% | +589 bps | |