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Community Bank of Grants Pass

Grants Pass, OR · Cert 34131

FDIC

Q4 2003

$47.4MAssets
$35.9MLoans
$42.0MDeposits
$5.3MEquity
Loan mix
55%RE $6.6M43%C&I $5.1M2%Consumer $0.2MQ4 2002Q4 2003
Deposit mix
80%Interest-bearing $33.6M20%Noninterest $8.3MQ4 2002Q4 2003

NIM

7.80%Q4 ’016.77%Q4 ’026.19%Q4 ’03+2%+2%

Non-interest income vs. expense

3.66%Q4 ’013.74%Q4 ’024.04%Q4 ’03-15%+25%

Executive Summary

  • Earnings: ROA of -0.09%, down 120 bps year over year; NIM at 5.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.22%.
  • Funding: loans stand at 85.59% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

-0.09%-120 bps YoY

Net Interest Margin (quarter, annualized)

5.17%+8 bps YoY

Efficiency Ratio (quarter, annualized)

68.64%+818 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets1.11%1.29%1.43%0.83%-0.09%-120 bps
Return on Equity11.05%12.52%13.61%7.69%-0.82%-1,188 bps
Net Interest Margin5.10%5.06%5.11%4.83%5.17%+8 bps
Efficiency Ratio60.46%62.89%60.03%74.48%68.64%+818 bps
Non-Interest Burden2.65%2.80%2.65%3.37%3.33%+68 bps
Growth
Asset Growth (YoY)9.47%11.29%10.85%3.03%-0.69%-1,016 bps
Loan Growth (YoY)3.44%-0.79%-2.11%-2.02%0.93%-251 bps
Deposit Growth (YoY)8.64%10.93%10.66%1.96%-1.52%-1,016 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.42%0.08%0.12%2.22%+199 bps
Allowance / Loans1.02%1.02%1.00%0.99%0.98%-4 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 Capital13.51%14.34%14.51%15.09%14.71%+120 bps
Equity / Assets10.14%10.46%10.58%10.89%11.24%+110 bps
Liquidity & Funding
Loans / Deposits83.51%80.06%80.41%79.07%85.59%+208 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a