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Prime Pacific Bank, National Association

Lynnwood, WA · Cert 34022

FDIC · 3 branches

Q2 2016

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: Q2 2016, the quarter ended June 30, 2016, 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

Prime Pacific Bank, National Association

Lynnwood, WA · Cert 34022

FDIC · 3 branches

Q2 2016

$123.8MAssets
$103.5MLoans
$101.4MDeposits
$16.2MEquity
Loan mix
92%RE $81.4M7%C&I $6.6M1%Consumer $0.7MQ2 2015Q2 2016
Deposit mix
87%Interest-bearing $88.0M13%Noninterest $13.4MQ2 2015Q2 2016

NIM

4.37%Q2 ’144.61%Q2 ’154.71%Q2 ’16+8%+1%

Non-interest income vs. expense

5.22%Q2 ’144.06%Q2 ’154.45%Q2 ’16-3%-19%

Market Position · Seattle-Tacoma-Bellevue, WA · 2016 SOD (annual) · 0.1% share · #38 of 55 inst. · $0.1B of $97.6B

0.7% Snohomish
0.0% King

Executive Summary

  • Earnings: ROA of 1.43%, up 37 bps year over year; NIM at 4.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Capital: tier 1 leverage ratio of 11.62%, up 173 bps from a year ago.
  • Funding: loans stand at 102.09% of deposits as of Q2 2016.

Financial Results

Return on Assets (YTD, annualized)

1.43%+37 bps YoY

Net Interest Margin (YTD, annualized)

4.28%+5 bps YoY

Efficiency Ratio (YTD, annualized)

67.42%-438 bps YoY

Tier 1 Leverage Ratio

11.62%+173 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets1.07%1.01%1.13%1.53%1.43%+37 bps
Return on Equity9.12%8.51%9.43%12.18%11.29%+217 bps
Net Interest Margin4.23%4.20%4.30%4.17%4.28%+5 bps
Efficiency Ratio71.80%73.23%70.69%65.01%67.42%-438 bps
Non-Interest Burden2.55%2.63%2.50%1.75%2.07%-48 bps
Growth
Asset Growth (YoY)-1.78%-5.56%-0.92%3.72%-0.32%+146 bps
Loan Growth (YoY)2.82%2.04%6.20%3.08%5.80%+298 bps
Deposit Growth (YoY)-3.96%-6.98%-2.03%3.01%-7.36%-340 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.07%-0.03%-0.03%-0.08%-9 bps
Allowance / Loans1.77%1.76%1.82%1.81%1.75%-2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.89%10.12%11.03%11.40%11.62%+173 bps
Total Risk-Based Capital13.74%14.36%14.96%15.54%15.28%+154 bps
Equity / Assets11.70%12.23%12.67%12.39%13.06%+136 bps
Liquidity & Funding
Loans / Deposits89.39%90.49%92.92%88.68%102.09%+1,270 bps
Liquid Assets / Assets7.28%7.05%5.73%10.42%4.21%-306 bps
CRE / Total Capitaln/an/an/an/an/an/an/a