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Bank of Edmonds, The

Lynnwood, WA · Cert 34214

FDIC · 5 branches

Q4 2018

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 2018, the quarter ended December 31, 2018, 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

Bank of Edmonds, The

Lynnwood, WA · Cert 34214

FDIC · 5 branches

Q4 2018

$206.3MAssets
$173.3MLoans
$174.3MDeposits
$20.2MEquity
Loan mix
92%RE $126.2M7%C&I $9.1M1%Consumer $1.3MQ4 2017Q4 2018
Deposit mix
81%Interest-bearing $141.3M19%Noninterest $33.0MQ4 2017Q4 2018

NIM

3.56%Q4 ’163.78%Q4 ’173.99%Q4 ’18+4%-1%

Non-interest income vs. expense

2.95%Q4 ’162.80%Q4 ’172.87%Q4 ’18-7%+2%

Market Position · Seattle-Tacoma-Bellevue, WA · 2018 SOD (annual) · 0.2% share · #33 of 50 inst. · $0.2B of $109.6B

1.1% Snohomish
0.0% King

Executive Summary

  • Earnings: ROA of 0.47%, up 18 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.31% of loans (+31 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 9.75%, down 23 bps from a year ago.
  • Funding: loans stand at 99.44% of deposits as of Q4 2018.

Financial Results

Return on Assets (YTD, annualized)

0.47%+18 bps YoY

Net Interest Margin (YTD, annualized)

3.10%-2 bps YoY

Efficiency Ratio (YTD, annualized)

83.99%+213 bps YoY

Tier 1 Leverage Ratio

9.75%-23 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets0.28%0.44%0.48%0.47%0.47%+18 bps
Return on Equity2.78%4.33%4.81%4.77%4.74%+195 bps
Net Interest Margin3.12%3.27%3.18%3.10%3.10%-2 bps
Efficiency Ratio81.85%84.81%83.33%83.67%83.99%+213 bps
Non-Interest Burden2.50%2.72%2.60%2.54%2.55%+5 bps
Growth
Asset Growth (YoY)7.17%2.65%5.47%6.90%5.65%-151 bps
Loan Growth (YoY)12.11%7.55%10.52%10.45%8.51%-360 bps
Deposit Growth (YoY)6.60%-0.94%-1.20%3.50%3.74%-286 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.21%0.40%0.31%+31 bps
Net Charge-Offs / Loans-0.21%-0.01%-0.01%-0.01%-0.03%+18 bps
Allowance / Loans1.53%1.50%1.44%1.40%1.44%-9 bps
Allowance Coverage of NPLsn/an/a6.9x3.5x4.6xn/a
Capital
Tier 1 Leverage Ratio9.98%10.23%10.06%9.72%9.75%-23 bps
Total Risk-Based Capital13.60%13.73%13.64%13.36%13.51%-9 bps
Equity / Assets10.12%10.03%9.70%9.56%9.79%-32 bps
Liquidity & Funding
Loans / Deposits95.07%97.94%100.33%100.31%99.44%+437 bps
Liquid Assets / Assets4.73%4.65%5.14%3.94%3.18%-155 bps
CRE / Total Capitaln/an/an/an/an/an/an/a