Tacoma, WA · Cert 33826
FDIC · 157 branches
Q4 2022
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Tacoma, WA · Cert 33826
FDIC · 157 branches
Q4 2022
Market Position · Seattle-Tacoma-Bellevue, WA · 2022 SOD (annual) · 4.1% share · #6 of 51 inst. · $6.4B of $157.7B
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 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.24% | 1.25% | 1.22% | 1.13% | 1.15% | 1.15% | 1.20% | 1.25% | +12 bps | |
| Return on Equity | 9.03% | 9.32% | 9.30% | 8.70% | 9.75% | 10.01% | 10.66% | 11.13% | +243 bps | |
| Net Interest Margin | 3.16% | 3.01% | 2.96% | 2.69% | 2.93% | 2.94% | 3.04% | 3.15% | +46 bps | |
| Efficiency Ratio | 54.03% | 54.46% | 54.82% | 55.97% | 57.89% | 55.53% | 54.24% | 53.33% | -263 bps | |
| Non-Interest Burden | 1.43% | 1.39% | 1.39% | 1.30% | 1.49% | 1.42% | 1.43% | 1.45% | +15 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 23.49% | 13.16% | 14.62% | 26.29% | 20.93% | 14.17% | 9.70% | -3.23% | -2,951 bps | |
| Loan Growth (YoY) | 8.49% | -0.96% | -1.86% | 12.67% | 10.94% | 16.69% | 22.67% | 9.73% | -294 bps | |
| Deposit Growth (YoY) | 36.56% | 17.13% | 17.73% | 29.82% | 23.92% | 16.80% | 12.07% | -7.20% | -3,702 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.35% | 0.25% | 0.25% | 0.22% | 0.16% | 0.15% | 0.12% | 0.12% | -10 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% | 0.00% | -0.01% | -2 bps | |
| Allowance / Loans | 1.53% | 1.47% | 1.50% | 1.46% | 1.37% | 1.32% | 1.32% | 1.36% | -11 bps | |
| Allowance Coverage of NPLs | 4.4x | 6.0x | 5.9x | 6.8x | 8.4x | 8.8x | 11.5x | 11.8x | +5.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.09% | 8.63% | 8.42% | 8.60% | 8.70% | 8.86% | 9.10% | 9.47% | +87 bps | |
| Total Risk-Based Capital | 14.58% | 14.04% | 13.87% | 14.18% | 13.99% | 13.67% | 13.57% | 13.97% | -21 bps | |
| Equity / Assets | 13.24% | 12.85% | 12.41% | 12.37% | 11.28% | 10.92% | 10.37% | 10.94% | -143 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 65.66% | 63.06% | 59.48% | 59.10% | 58.78% | 63.00% | 65.10% | 69.88% | +1,078 bps | |
| Liquid Assets / Assets | 4.08% | 14.65% | 14.94% | 13.47% | 14.08% | 11.30% | 10.46% | 10.19% | -328 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |