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First Bank Northwest

Clarkston, WA · Cert 28351

FDIC

Q3 2006

$881.3MAssets
$684.3MLoans
$634.4MDeposits
$81.6MEquity
Loan mix
72%RE $213.2M25%C&I $75.1M3%Consumer $8.3MQ4 2004Q3 2006
Deposit mix
95%Interest-bearing $601.6M5%Noninterest $32.8MQ4 2004Q3 2006

Executive Summary

  • Earnings: ROA of 1.45%, up 31 bps year over year; NIM at 4.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 107.86% of deposits as of Q3 2006.

Return on Assets (quarter, annualized)

1.45%+31 bps YoY

Net Interest Margin (quarter, annualized)

4.22%+27 bps YoY

Efficiency Ratio (quarter, annualized)

53.34%-802 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.30%Q3 ’046.14%Q3 ’057.19%Q3 ’06+8%+7%

Non-interest income vs. expense

3.13%Q3 ’043.07%Q3 ’052.80%Q3 ’06-4%-11%

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.85%0.86%0.94%1.14%1.12%1.15%1.19%1.45%+31 bps
Return on Equity9.21%9.56%10.72%12.73%11.93%12.26%12.83%15.73%+300 bps
Net Interest Margin3.73%3.66%3.84%3.95%4.05%4.03%4.14%4.22%+27 bps
Efficiency Ratio67.05%65.50%60.30%61.37%61.83%61.55%59.62%53.34%-802 bps
Non-Interest Burden2.32%2.22%2.07%2.16%2.22%2.22%2.19%1.92%-23 bps
Growth
Asset Growth (YoY)12.11%14.38%15.24%10.59%7.27%5.62%4.54%8.77%-182 bps
Loan Growth (YoY)15.89%21.75%23.95%19.55%15.92%12.27%9.04%11.96%-759 bps
Deposit Growth (YoY)4.75%7.80%17.49%13.03%12.60%9.76%13.32%12.71%-31 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.11%0.10%0.04%0.06%0.38%0.03%0.04%0 bps
Allowance / Loans1.28%1.27%1.29%1.34%1.36%1.26%1.25%1.25%-9 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital10.40%10.28%10.57%11.38%11.57%11.55%11.37%11.30%-8 bps
Equity / Assets9.07%8.89%8.68%9.30%9.43%9.38%9.16%9.26%-4 bps
Liquidity & Funding
Loans / Deposits109.68%110.14%110.15%108.59%112.91%112.65%105.99%107.86%-72 bps
Liquid Assets / Assets7.64%6.95%6.35%6.58%6.55%6.44%6.85%7.02%+44 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a