Grant National Bank

Ephrata, WA · Cert 27531

FDIC

Q3 2001

$52.1MAssets

$35.1MLoans

$47.5MDeposits

$4.2MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 1.49%, up 31 bps year over year; NIM at 6.03%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
Funding: loans stand at 73.82% of deposits as of Q3 2001.

Return on Assets (YTD, annualized)

1.49%+31 bps YoY

Net Interest Margin (YTD, annualized)

6.03%

Efficiency Ratio (YTD, annualized)

64.60%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	1.29%	1.03%	1.11%	1.18%	0.40%	1.34%	1.53%	1.49%	+31 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	5.59%	6.00%	6.03%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	66.06%	64.57%	64.60%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	3.44%	3.59%	3.60%	n/a
Growth
Asset Growth (YoY)	13.49%	19.70%	5.82%	3.84%	12.39%	12.24%	6.42%	15.16%	+1,132 bps
Loan Growth (YoY)	14.47%	13.03%	16.63%	17.85%	27.92%	30.66%	25.43%	19.75%	+191 bps
Deposit Growth (YoY)	14.10%	20.74%	-3.65%	2.92%	8.46%	12.44%	15.79%	15.69%	+1,277 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	n/a	n/a	n/a	n/a	n/a	0.01%	-0.04%	0.03%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.00%	1.05%	1.13%	n/a
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	n/a	n/a	n/a	n/a	n/a	11.46%	11.72%	11.95%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	8.50%	9.13%	8.11%	n/a
Liquidity & Funding
Loans / Deposits	68.90%	69.27%	82.90%	71.31%	81.26%	80.49%	89.80%	73.82%	+251 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	2.67%	1.43%	8.35%	+835 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a