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Mt. Rainier National Bank

Enumclaw, WA · Cert 32996

FDIC

Q2 2007

$232.3MAssets
$174.1MLoans
$205.8MDeposits
$22.6MEquity
Loan mix
71%RE $70.4M29%C&I $29.1M0%Consumer $0.1MQ2 2006Q2 2007
Deposit mix
83%Interest-bearing $170.6M17%Noninterest $35.2MQ2 2006Q2 2007

NIM

5.57%Q2 ’056.16%Q2 ’067.07%Q2 ’07+0%+2%

Non-interest income vs. expense

3.41%Q2 ’053.35%Q2 ’063.30%Q2 ’07+4%-1%

Executive Summary

  • Earnings: ROA of 1.15%, up 6 bps year over year; NIM at 4.49%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 84.59% of deposits as of Q2 2007.

Financial Results

Return on Assets (YTD, annualized)

1.15%+6 bps YoY

Net Interest Margin (YTD, annualized)

4.49%+11 bps YoY

Efficiency Ratio (YTD, annualized)

64.35%-215 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.10%1.21%1.13%1.24%1.15%+6 bps
Return on Equity11.30%12.56%11.78%13.14%12.11%+81 bps
Net Interest Margin4.38%4.28%4.26%4.50%4.49%+11 bps
Efficiency Ratio66.51%63.42%65.53%61.60%64.35%-215 bps
Non-Interest Burden2.70%2.46%2.57%2.52%2.66%-4 bps
Growth
Asset Growth (YoY)15.36%15.87%18.38%16.49%7.10%-826 bps
Loan Growth (YoY)22.06%31.86%34.43%26.18%14.26%-780 bps
Deposit Growth (YoY)2.70%8.87%18.77%19.11%19.66%+1,697 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.01%0.01%+1 bps
Allowance / Loans1.12%1.10%1.10%1.10%1.14%+2 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 Capital13.49%13.33%12.97%12.98%13.11%-38 bps
Equity / Assets9.30%9.50%9.48%9.40%9.72%+42 bps
Liquidity & Funding
Loans / Deposits88.59%86.76%81.78%82.59%84.59%-400 bps
Liquid Assets / Assets0.95%0.48%0.80%3.22%4.47%+352 bps
CRE / Total Capitaln/an/an/an/an/an/an/a