Seattle, WA · Cert 32955
FDIC
Q1 2010
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Seattle, WA · Cert 32955
FDIC
Q1 2010
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q2 2008 | Q3 2008 | Q4 2008 | Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 | Q1 2010 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.09% | 0.74% | -1.41% | -6.03% | -4.36% | -5.69% | -9.30% | -3.49% | +254 bps | |
| Return on Equity | 9.20% | 6.42% | -12.48% | -63.72% | -46.77% | -64.07% | -119.29% | -149.76% | -8,604 bps | |
| Net Interest Margin | 3.33% | 3.09% | 2.81% | 1.36% | 1.38% | 1.31% | 1.44% | 1.74% | +37 bps | |
| Efficiency Ratio | 40.53% | 40.47% | 45.34% | 103.39% | 109.31% | 140.14% | 290% | 143.59% | +4,019 bps | |
| Non-Interest Burden | 1.24% | 1.16% | 1.22% | 1.42% | 1.53% | 1.82% | 2.78% | 2.45% | +104 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 15.40% | 15.13% | 14.46% | 13.11% | 0.96% | -6.11% | -16.14% | -21.11% | -3,422 bps | |
| Loan Growth (YoY) | 24.19% | 23.57% | 17.59% | 7.94% | 0.12% | -12.66% | -21.89% | -20.71% | -2,866 bps | |
| Deposit Growth (YoY) | 15.88% | 14.85% | 16.63% | 18.53% | 1.52% | -1.06% | -7.70% | -16.89% | -3,542 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 1.83% | 12.68% | 9.10% | 10.44% | 15.90% | 1.66% | -1,102 bps | |
| Allowance / Loans | 1.94% | 2.37% | 4.16% | 3.99% | 3.89% | 5.26% | 4.13% | 4.73% | +74 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 12.85% | 12.71% | 12.26% | 10.67% | 11.28% | 6.94% | 4.24% | 3.37% | -730 bps | |
| Equity / Assets | 11.13% | 10.85% | 10.27% | 8.66% | 9.06% | 7.46% | 2.68% | 1.97% | -669 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 101.23% | 106.66% | 105.48% | 99.01% | 99.83% | 94.16% | 89.26% | 94.45% | -455 bps | |
| Liquid Assets / Assets | 5.82% | 5.17% | 5.57% | 5.14% | 6.01% | 6.82% | 7.07% | 6.58% | +144 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |