Renton, WA · Cert 29058
FDIC · 15 branches
Q1 2025
Market Position · Seattle-Tacoma-Bellevue, WA · 2024 SOD (annual) · 0.8% share · #15 of 46 inst. · $1.1B of $141.3B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.45% | 0.47% | 0.40% | -0.17% | 0.55% | -0.08% | 0.42% | 0.05% | +22 bps | |
| Return on Equity | 4.73% | 4.79% | 4.05% | -1.66% | 5.28% | -0.77% | 3.91% | 0.48% | +214 bps | |
| Net Interest Margin | 2.63% | 2.53% | 2.38% | 2.36% | 2.45% | 2.31% | 2.34% | 2.36% | -1 bps | |
| Efficiency Ratio | 83.51% | 79.03% | 80.83% | 110.78% | 76.36% | 88.49% | 93.61% | 95.87% | -1,491 bps | |
| Non-Interest Burden | 2.17% | 1.97% | 1.90% | 2.65% | 1.83% | 2.02% | 2.18% | 2.25% | -39 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 5.01% | 2.76% | 0.11% | -6.73% | -5.28% | -4.90% | -5.34% | -1.93% | +480 bps | |
| Loan Growth (YoY) | 4.63% | 2.19% | 0.75% | -3.57% | -3.17% | -3.46% | -3.02% | -0.08% | +349 bps | |
| Deposit Growth (YoY) | 3.73% | 5.50% | 1.63% | -5.06% | -11.27% | -3.84% | -5.39% | -1.11% | +395 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.02% | 0.02% | 0.05% | 0.02% | 0.41% | 0.07% | 0.07% | 0.03% | +1 bps | |
| Net Charge-Offs / Loans | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.02% | +2 bps | |
| Allowance / Loans | 1.31% | 1.29% | 1.28% | 1.30% | 1.29% | 1.42% | 1.30% | 1.31% | +2 bps | |
| Allowance Coverage of NPLs | 77.6x | 76.1x | 28.5x | 60.5x | 3.1x | 19.1x | 17.9x | 38.5x | -22.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.02% | 10.25% | 10.18% | 10.41% | 10.91% | 10.86% | 11.16% | 11.11% | +69 bps | |
| Total Risk-Based Capital | 15.75% | 16.00% | 16.15% | 16.24% | 16.64% | 16.68% | 16.65% | 16.65% | +42 bps | |
| Equity / Assets | 9.71% | 9.78% | 10.12% | 10.34% | 10.64% | 10.61% | 10.93% | 10.81% | +48 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 95.89% | 96.35% | 98.68% | 97.96% | 104.65% | 96.72% | 101.14% | 98.97% | +101 bps | |
| Liquid Assets / Assets | 2.97% | 3.41% | 1.63% | 2.91% | 3.50% | 5.20% | 2.71% | 4.23% | +132 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |