Everett, WA · Cert 27070
FDIC
Q3 2004
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2004, the quarter ended September 30, 2004, 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.
Everett, WA · Cert 27070
FDIC
Q3 2004
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 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.31% | 1.38% | 1.36% | 1.30% | 1.24% | 1.35% | 1.37% | 1.39% | +9 bps | |
| Return on Equity | 12.08% | 13.17% | 13.30% | 12.86% | 12.34% | 14.01% | 14.28% | 14.35% | +148 bps | |
| Net Interest Margin | 3.95% | 4.11% | 4.01% | 3.84% | 3.74% | 3.84% | 3.80% | 3.84% | -1 bps | |
| Efficiency Ratio | 58.04% | 58.80% | 56.67% | 56.84% | 57.02% | 51.76% | 52.13% | 51.41% | -543 bps | |
| Non-Interest Burden | 2.06% | 2.13% | 1.97% | 1.91% | 1.85% | 1.71% | 1.65% | 1.65% | -26 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.97% | 4.05% | 6.03% | 7.41% | 5.98% | 9.17% | 6.98% | 3.98% | -343 bps | |
| Loan Growth (YoY) | 8.90% | 4.43% | 3.24% | -0.17% | 3.83% | 9.24% | 10.79% | 16.46% | +1,664 bps | |
| Deposit Growth (YoY) | 15.43% | 13.04% | 14.39% | 12.81% | 11.16% | 7.51% | 6.38% | 4.53% | -828 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 | 0.02% | 0.04% | 0.04% | 0.11% | 0.08% | 0.02% | 0.01% | 0.02% | -8 bps | |
| Allowance / Loans | 1.46% | 1.47% | 1.52% | 1.52% | 1.40% | 1.36% | 1.38% | 1.36% | -16 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 | 13.93% | 12.91% | 12.61% | 12.94% | 12.22% | 11.50% | 11.75% | 12.11% | -83 bps | |
| Equity / Assets | 10.79% | 10.15% | 9.74% | 9.76% | 9.90% | 9.32% | 9.56% | 9.97% | +21 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 122.55% | 119.83% | 114.81% | 105.77% | 114.48% | 121.76% | 119.57% | 117.85% | +1,208 bps | |
| Liquid Assets / Assets | 3.44% | 3.04% | 4.81% | 10.42% | 0.66% | 0.43% | 0.37% | 0.29% | -1,013 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |