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Premierwest Bank

Medford, OR · Cert 32975

FDIC

Q1 2013

$1.1BAssets
$628.4MLoans
$977.1MDeposits
$108.8MEquity
Loan mix
68%RE $281.7M23%C&I $94.7M9%Consumer $37.6MQ1 2012Q1 2013
Deposit mix
73%Interest-bearing $710.2M27%Noninterest $266.9MQ1 2012Q1 2013

NIM

4.30%Q1 ’114.23%Q1 ’123.69%Q1 ’13+5%-11%

Non-interest income vs. expense

4.03%Q1 ’114.50%Q1 ’124.68%Q1 ’13+23%-2%

Executive Summary

  • Earnings: ROA of -1.12%, up 13 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.29%.
  • Funding: loans stand at 64.32% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

-1.12%+13 bps YoY

Net Interest Margin (quarter, annualized)

3.30%-42 bps YoY

Efficiency Ratio (quarter, annualized)

130.09%+869 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets-1.25%-0.29%0.35%1-2.21%-1.12%+13 bps
Return on Equity-13.19%-3.06%3.47%-21.99%-11.47%+172 bps
Net Interest Margin3.72%3.93%3.72%3.56%3.30%-42 bps
Efficiency Ratio121.40%97.58%96.64%172.42%130.09%+869 bps
Non-Interest Burden4.54%3.87%3.61%5.76%4.44%-10 bps
Growth
Asset Growth (YoY)-10.63%-9.60%-11.07%-9.95%-9.12%+152 bps
Loan Growth (YoY)-19.30%-19.32%-20.34%-18.86%-15.49%+381 bps
Deposit Growth (YoY)-12.24%-11.26%-12.65%-10.77%-9.88%+236 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.15%1.17%0.20%0.38%0.29%-286 bps
Allowance / Loans2.73%2.74%2.82%2.87%2.88%+15 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 Capital13.23%13.64%14.28%14.06%14.01%+79 bps
Equity / Assets9.52%9.76%10.29%9.84%9.77%+25 bps
Liquidity & Funding
Loans / Deposits68.59%68.08%66.91%64.30%64.32%-428 bps
Liquid Assets / Assets5.08%4.51%3.44%3.74%3.90%-118 bps
CRE / Total Capitaln/an/an/an/an/an/an/a