Federal Way, WA · Cert 33701
FDIC
Q1 2006
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2006, the quarter ended March 31, 2006, 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.
Federal Way, WA · Cert 33701
FDIC
Q1 2006
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 2004 | Q3 2004 | Q4 2004 | Q1 2005 | Q2 2005 | Q3 2005 | Q4 2005 | Q1 2006 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.60% | 0.04% | 0.66% | 1.00% | 1.08% | 1.13% | 1.16% | 0.66% | -35 bps | |
| Return on Equity | -6.83% | 0.47% | 7.42% | 10.61% | 11.11% | 11.52% | 11.70% | 6.14% | -446 bps | |
| Net Interest Margin | 4.49% | 4.45% | 4.67% | 5.00% | 5.03% | 5.11% | 5.22% | 5.33% | +33 bps | |
| Efficiency Ratio | 78.39% | 76.23% | 72.45% | 67.15% | 70.34% | 69.25% | 69.12% | 83.83% | +1,668 bps | |
| Non-Interest Burden | 3.45% | 3.31% | 3.28% | 3.26% | 3.44% | 3.44% | 3.50% | 4.42% | +116 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 0.70% | -3.61% | -2.63% | -1.03% | 0.81% | 2.93% | -1.85% | -3.85% | -283 bps | |
| Loan Growth (YoY) | -0.17% | 1.68% | 5.92% | 11.62% | 12.59% | 1.88% | 1.70% | -4.27% | -1,588 bps | |
| Deposit Growth (YoY) | 2.33% | -1.22% | -2.69% | -3.16% | -4.09% | -2.54% | -7.28% | -7.62% | -446 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 | 0.10% | 0.10% | 0.07% | 0.04% | 0.01% | 0.17% | 0.12% | -0.02% | -5 bps | |
| Allowance / Loans | 2.23% | 2.14% | 1.46% | 1.45% | 1.34% | 1.31% | 1.25% | 1.29% | -15 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 | 13.36% | 13.57% | 13.58% | 13.61% | 13.87% | 14.84% | 14.75% | 15.19% | +158 bps | |
| Equity / Assets | 8.73% | 9.16% | 9.32% | 9.63% | 10.14% | 10.11% | 10.47% | 10.90% | +127 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 81.42% | 83.17% | 85.19% | 91.53% | 95.58% | 86.94% | 93.44% | 94.86% | +333 bps | |
| Liquid Assets / Assets | 3.78% | 4.47% | 5.90% | 4.61% | 2.16% | 9.62% | 5.15% | 4.37% | -23 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |