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Washington First International Bank

Seattle, WA · Cert 32955

FDIC

Q1 2010

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2010, the quarter ended March 31, 2010, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Washington First International Bank

Seattle, WA · Cert 32955

FDIC

Q1 2010

$520.9MAssets
$416.9MLoans
$441.4MDeposits
$10.2MEquity
Loan mix
76%RE $211.4M24%C&I $65.8M0%Consumer $0.2MQ1 2009Q1 2010
Deposit mix
93%Interest-bearing $409.6M7%Noninterest $31.7MQ1 2009Q1 2010

NIM

7.45%Q1 ’084.28%Q1 ’093.93%Q1 ’10-64%+27%

Non-interest income vs. expense

1.63%Q1 ’081.57%Q1 ’092.35%Q1 ’10-1%+73%

Executive Summary

  • Earnings: ROA of -3.49%, up 254 bps year over year; NIM at 1.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.66%.
  • Funding: loans stand at 94.45% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-3.49%+254 bps YoY

Net Interest Margin (YTD, annualized)

1.74%+37 bps YoY

Efficiency Ratio (YTD, annualized)

143.59%+4,019 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-6.03%-4.36%-5.69%-9.30%-3.49%+254 bps
Return on Equity-63.72%-46.77%-64.07%-119.29%-149.76%-8,604 bps
Net Interest Margin1.36%1.38%1.31%1.44%1.74%+37 bps
Efficiency Ratio103.39%109.31%140.14%290%143.59%+4,019 bps
Non-Interest Burden1.42%1.53%1.82%2.78%2.45%+104 bps
Growth
Asset Growth (YoY)13.11%0.96%-6.11%-16.14%-21.11%-3,422 bps
Loan Growth (YoY)7.94%0.12%-12.66%-21.89%-20.71%-2,866 bps
Deposit Growth (YoY)18.53%1.52%-1.06%-7.70%-16.89%-3,542 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans12.68%9.10%10.44%15.90%1.66%-1,102 bps
Allowance / Loans3.99%3.89%5.26%4.13%4.73%+74 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 Capital10.67%11.28%6.94%4.24%3.37%-730 bps
Equity / Assets8.66%9.06%7.46%2.68%1.97%-669 bps
Liquidity & Funding
Loans / Deposits99.01%99.83%94.16%89.26%94.45%-455 bps
Liquid Assets / Assets5.14%6.01%6.82%7.07%6.58%+144 bps
CRE / Total Capitaln/an/an/an/an/an/an/a