Everett, WA · Cert 28823
FDIC
Q1 2011
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2011, the quarter ended March 31, 2011, 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 28823
FDIC
Q1 2011
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 | Q2 2009 | Q3 2009 | Q4 2009 | Q1 2010 | Q2 2010 | Q3 2010 | Q4 2010 | Q1 2011 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -3.26% | -2.02% | -1.61% | -7.48% | -6.57% | -4.87% | -4.27% | -0.62% | +686 bps | |
| Return on Equity | -30.66% | -19.43% | -15.88% | -90.33% | -86.09% | -67.09% | -61.67% | -11.45% | +7,888 bps | |
| Net Interest Margin | 2.87% | 2.82% | 2.71% | 2.38% | 2.38% | 2.37% | 2.53% | 2.55% | +17 bps | |
| Efficiency Ratio | 63.52% | 61.44% | 62.34% | 73.61% | 88.68% | 93.48% | 114.64% | 94.43% | +2,082 bps | |
| Non-Interest Burden | 3.19% | 2.57% | 2.27% | 1.70% | 3.64% | 3.27% | 3.72% | 2.43% | +73 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 4.10% | 6.17% | 4.24% | 2.01% | 4.30% | -1.31% | -12.11% | -13.79% | -1,580 bps | |
| Loan Growth (YoY) | 2.69% | 1.46% | -4.47% | -7.69% | -9.62% | -14.26% | -17.11% | -15.25% | -755 bps | |
| Deposit Growth (YoY) | 0.91% | 4.10% | 13.20% | 15.26% | 18.13% | 9.82% | -2.81% | -8.79% | -2,405 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 | 3.89% | 2.95% | 2.80% | 10.83% | 7.75% | 6.39% | 5.67% | 1.18% | -965 bps | |
| Allowance / Loans | 2.00% | 2.02% | 2.16% | 2.26% | 2.36% | 2.51% | 2.63% | 2.64% | +38 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 | 12.52% | 12.86% | 12.40% | 10.58% | 10.28% | 10.37% | 9.60% | 9.56% | -102 bps | |
| Equity / Assets | 9.69% | 9.70% | 9.10% | 7.45% | 6.32% | 6.10% | 5.43% | 5.38% | -207 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 122.06% | 118.61% | 105.10% | 98.17% | 93.39% | 92.59% | 89.64% | 91.22% | -695 bps | |
| Liquid Assets / Assets | 3.97% | 5.40% | 9.76% | 10.50% | 10.17% | 13.83% | 11.91% | 10.45% | -5 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |