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Alaska Pacific Bank

Juneau, AK · Cert 29849

FDIC

Q1 2014

$166.7MAssets
$141.3MLoans
$150.3MDeposits
$14.7MEquity
Loan mix
71%RE $81.1M24%C&I $27.0M5%Consumer $6.0MQ1 2013Q1 2014
Deposit mix
77%Interest-bearing $115.9M23%Noninterest $34.4MQ1 2013Q1 2014

NIM

5.06%Q1 ’124.62%Q1 ’134.64%Q1 ’14-8%+2%

Non-interest income vs. expense

4.69%Q1 ’124.94%Q1 ’139.26%Q1 ’14-4%+110%

Executive Summary

  • Earnings: ROA of -1.85%, down 224 bps year over year; NIM at 4.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 94.02% of deposits as of Q1 2014.

Financial Results

Return on Assets (quarter, annualized)

-1.85%-224 bps YoY

Net Interest Margin (quarter, annualized)

4.43%+11 bps YoY

Efficiency Ratio (quarter, annualized)

150.74%+6,352 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.38%0.40%0.40%0.89%-1.85%-224 bps
Return on Equity3.28%3.38%3.47%7.79%-18.10%-2,138 bps
Net Interest Margin4.33%4.60%4.49%4.43%4.43%+11 bps
Efficiency Ratio87.22%87.83%77.01%82.77%150.74%+6,352 bps
Non-Interest Burden3.60%3.90%3.14%3.46%7.55%+395 bps
Growth
Asset Growth (YoY)4.68%-0.18%1.93%-2.42%-4.20%-888 bps
Loan Growth (YoY)-0.29%-0.93%-0.35%-3.39%-5.28%-499 bps
Deposit Growth (YoY)7.96%1.49%4.13%-0.70%-1.74%-970 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.01%0.31%0.09%0.01%+1 bps
Allowance / Loans1.30%1.32%1.29%1.30%1.35%+5 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 Capital15.84%15.96%15.73%15.89%12.13%-371 bps
Equity / Assets11.87%11.74%11.40%11.56%8.83%-304 bps
Liquidity & Funding
Loans / Deposits97.53%97.39%93.22%94.16%94.02%-351 bps
Liquid Assets / Assets5.40%5.84%9.91%9.52%6.60%+120 bps
CRE / Total Capitaln/an/an/an/an/an/an/a