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Cascade Bank

Everett, WA · Cert 28823

FDIC

Q1 2011

$1.5BAssets
$976.5MLoans
$1.1BDeposits
$78.4MEquity
Loan mix
83%RE $566.8M16%C&I $112.5M1%Consumer $4.8MQ1 2010Q1 2011
Deposit mix
89%Interest-bearing $956.7M11%Noninterest $113.7MQ1 2010Q1 2011

NIM

5.29%Q1 ’094.46%Q1 ’104.25%Q1 ’11-17%+7%

Non-interest income vs. expense

1.85%Q1 ’091.94%Q1 ’102.27%Q1 ’11+15%+43%

Executive Summary

  • Earnings: ROA of -0.62%, up 686 bps year over year; NIM at 2.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.18%.
  • Funding: loans stand at 91.22% of deposits as of Q1 2011.

Financial Results

Return on Assets (quarter, annualized)

-0.62%+686 bps YoY

Net Interest Margin (quarter, annualized)

2.55%+17 bps YoY

Efficiency Ratio (quarter, annualized)

94.43%+2,082 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets-7.48%-5.65%-1.36%-2.26%-0.62%+686 bps
Return on Equity-90.33%-82.13%-21.85%-39.20%-11.45%+7,888 bps
Net Interest Margin2.38%2.35%2.20%2.44%2.55%+17 bps
Efficiency Ratio73.61%109.00%104.23%209%94.43%+2,082 bps
Non-Interest Burden1.70%5.57%2.30%4.27%2.43%+73 bps
Growth
Asset Growth (YoY)2.01%4.30%-1.31%-12.11%-13.79%-1,580 bps
Loan Growth (YoY)-7.69%-9.62%-14.26%-17.11%-15.25%-755 bps
Deposit Growth (YoY)15.26%18.13%9.82%-2.81%-8.79%-2,405 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans10.83%4.22%2.89%2.36%1.18%-965 bps
Allowance / Loans2.26%2.36%2.51%2.63%2.64%+38 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital10.58%10.28%10.37%9.60%9.56%-102 bps
Equity / Assets7.45%6.32%6.10%5.43%5.38%-207 bps
Liquidity & Funding
Loans / Deposits98.17%93.39%92.59%89.64%91.22%-695 bps
Liquid Assets / Assets10.50%10.17%13.83%11.91%10.45%-5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a