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Westside Community Bank

University Place, WA · Cert 33997

FDIC

Q4 2012

$91.9MAssets
$67.4MLoans
$91.9MDeposits
$34KEquity
Loan mix
71%RE $28.2M27%C&I $10.7M1%Consumer $0.6MQ4 2011Q4 2012
Deposit mix
93%Interest-bearing $85.8M7%Noninterest $6.1MQ4 2011Q4 2012

NIM

4.11%Q4 ’104.02%Q4 ’113.63%Q4 ’12+5%-6%

Non-interest income vs. expense

4.55%Q4 ’104.26%Q4 ’117.00%Q4 ’12-11%+70%

Executive Summary

  • Earnings: ROA of -4.27%, up 81 bps year over year; NIM at 2.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.80%.
  • Funding: loans stand at 73.32% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

-4.27%+81 bps YoY

Net Interest Margin (quarter, annualized)

2.89%-18 bps YoY

Efficiency Ratio (quarter, annualized)

207%+8,575 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets-5.08%-4.41%-8.23%-7.38%-4.27%+81 bps
Return on Equity-87.26%-87.46%-222%-377%-750%-66,232 bps
Net Interest Margin3.07%3.47%3.36%2.86%2.89%-18 bps
Efficiency Ratio121.34%128.47%230%283%207%+8,575 bps
Non-Interest Burden3.82%4.60%6.75%5.47%6.51%+269 bps
Growth
Asset Growth (YoY)-20.87%-20.39%-24.47%-27.44%-21.34%-47 bps
Loan Growth (YoY)-20.78%-21.46%-24.19%-26.62%-27.66%-688 bps
Deposit Growth (YoY)-19.20%-17.44%-20.65%-23.23%-16.73%+248 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans6.08%7.52%7.62%7.71%2.80%-328 bps
Allowance / Loans3.72%3.26%3.41%3.47%3.18%-54 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 Capital7.31%6.27%4.33%2.37%0.08%-723 bps
Equity / Assets5.52%4.55%2.78%1.07%0.04%-549 bps
Liquidity & Funding
Loans / Deposits84.41%79.53%75.97%73.63%73.32%-1,109 bps
Liquid Assets / Assets0.83%0.02%0.02%0.02%0.02%-81 bps
CRE / Total Capitaln/an/an/an/an/an/an/a