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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 1.27%, up 28 bps year over year; NIM at 4.06%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 107.86% of deposits as of Q3 2006.

Return on Assets (YTD, annualized)

1.27%+28 bps YoY

Net Interest Margin (YTD, annualized)

4.06%+34 bps YoY

Efficiency Ratio (YTD, annualized)

58.08%-419 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.12%Q3 ’045.68%Q3 ’056.71%Q3 ’06+6%+9%

Non-interest income vs. expense

3.11%Q3 ’042.91%Q3 ’052.94%Q3 ’06-3%-1%

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.90%0.86%0.90%0.99%1.02%1.15%1.17%1.27%+28 bps
Return on Equity9.74%9.56%10.13%11.02%11.26%12.26%12.54%13.63%+261 bps
Net Interest Margin3.52%3.66%3.66%3.72%3.85%4.03%4.05%4.06%+34 bps
Efficiency Ratio67.29%65.50%62.76%62.26%62.15%61.55%60.57%58.08%-419 bps
Non-Interest Burden2.16%2.22%2.09%2.09%2.15%2.22%2.19%2.08%-1 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 / Loans0.13%0.11%0.10%0.08%0.07%0.38%0.20%0.14%+6 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