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Columbia State Bank

Tacoma, WA · Cert 33826

FDIC · 157 branches

Q4 2022

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: Q4 2022, the quarter ended December 31, 2022, 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 2026-10-11

Columbia State Bank

Tacoma, WA · Cert 33826

FDIC · 157 branches

Q4 2022

$20.3BAssets
$11.7BLoans
$16.7BDeposits
$2.2BEquity
Loan mix
65%RE $5.1B34%C&I $2.7B1%Consumer $0.0BQ4 2021Q4 2022
Deposit mix
50%Interest-bearing $8.3B50%Noninterest $8.4BQ4 2021Q4 2022

NIM

3.21%Q4 ’202.61%Q4 ’213.13%Q4 ’22-18%+17%

Non-interest income vs. expense

2.04%Q4 ’201.71%Q4 ’211.89%Q4 ’22-16%+12%

Market Position · Seattle-Tacoma-Bellevue, WA · 2022 SOD (annual) · 4.1% share · #6 of 51 inst. · $6.4B of $157.7B

20.7% Pierce
2.1% King
15.3% Marion
16.8% Shasta

Executive Summary

  • Earnings: ROA of 1.25%, up 12 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 0.12% of loans (-10 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 9.47%, up 87 bps from a year ago.
  • Funding: loans stand at 69.88% of deposits as of Q4 2022.

Financial Results

Return on Assets (YTD, annualized)

1.25%+12 bps YoY

Net Interest Margin (YTD, annualized)

3.15%+46 bps YoY

Efficiency Ratio (YTD, annualized)

53.33%-263 bps YoY

Tier 1 Leverage Ratio

9.47%+87 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2021Q1 2022Q2 2022Q3 2022Q4 2022YoY ΔTrend
Earnings
Return on Assets1.13%1.15%1.15%1.20%1.25%+12 bps
Return on Equity8.70%9.75%10.01%10.66%11.13%+243 bps
Net Interest Margin2.69%2.93%2.94%3.04%3.15%+46 bps
Efficiency Ratio55.97%57.89%55.53%54.24%53.33%-263 bps
Non-Interest Burden1.30%1.49%1.42%1.43%1.45%+15 bps
Growth
Asset Growth (YoY)26.29%20.93%14.17%9.70%-3.23%-2,951 bps
Loan Growth (YoY)12.67%10.94%16.69%22.67%9.73%-294 bps
Deposit Growth (YoY)29.82%23.92%16.80%12.07%-7.20%-3,702 bps
Asset Quality
Nonperforming Loans / Loans0.22%0.16%0.15%0.12%0.12%-10 bps
Net Charge-Offs / Loans0.01%0.03%0.00%0.00%-0.01%-2 bps
Allowance / Loans1.46%1.37%1.32%1.32%1.36%-11 bps
Allowance Coverage of NPLs6.8x8.4x8.8x11.5x11.8x+5.0x
Capital
Tier 1 Leverage Ratio8.60%8.70%8.86%9.10%9.47%+87 bps
Total Risk-Based Capital14.18%13.99%13.67%13.57%13.97%-21 bps
Equity / Assets12.37%11.28%10.92%10.37%10.94%-143 bps
Liquidity & Funding
Loans / Deposits59.10%58.78%63.00%65.10%69.88%+1,078 bps
Liquid Assets / Assets13.47%14.08%11.30%10.46%10.19%-328 bps
CRE / Total Capitaln/an/an/an/an/an/an/a