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Sterling Savings Bank

Spokane, WA · Cert 32158

FDIC

Q1 2014

$10.2BAssets
$7.6BLoans
$7.1BDeposits
$1.4BEquity
Loan mix
85%RE $5.5B10%C&I $0.6B5%Consumer $0.3BQ1 2013Q1 2014
Deposit mix
74%Interest-bearing $5.2B26%Noninterest $1.8BQ1 2013Q1 2014

NIM

4.37%Q1 ’124.01%Q1 ’133.92%Q1 ’14+1%0%

Non-interest income vs. expense

3.87%Q1 ’123.50%Q1 ’133.31%Q1 ’14-25%+37%

Executive Summary

  • Earnings: ROA of 0.56%, down 52 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 108.04% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

0.56%-52 bps YoY

Net Interest Margin (YTD, annualized)

3.46%-1 bps YoY

Efficiency Ratio (YTD, annualized)

78.16%+1,048 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets1.07%1.15%1.09%1.07%0.56%-52 bps
Return on Equity6.96%7.67%7.41%7.38%4.08%-288 bps
Net Interest Margin3.47%3.44%3.36%3.34%3.46%-1 bps
Efficiency Ratio67.68%66.65%67.98%68.24%78.16%+1,048 bps
Non-Interest Burden1.90%1.82%1.88%1.92%2.60%+70 bps
Growth
Asset Growth (YoY)-2.64%3.61%5.38%11.45%10.21%+1,284 bps
Loan Growth (YoY)8.36%15.74%14.44%12.99%12.73%+437 bps
Deposit Growth (YoY)-5.45%-2.90%1.96%10.12%8.26%+1,371 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.28%0.27%0.20%0.16%0.07%-21 bps
Allowance / Loans2.21%1.94%1.87%1.81%1.78%-43 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 Capital18.80%17.30%16.34%15.80%15.66%-314 bps
Equity / Assets15.51%14.13%14.12%13.66%13.64%-186 bps
Liquidity & Funding
Loans / Deposits103.75%111.25%108.80%107.99%108.04%+429 bps
Liquid Assets / Assets2.34%2.28%2.29%4.22%3.29%+95 bps
CRE / Total Capitaln/an/an/an/an/an/an/a