Lynnwood, WA · Cert 34214
FDIC · 5 branches
Q4 2018
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Lynnwood, WA · Cert 34214
FDIC · 5 branches
Q4 2018
Market Position · Seattle-Tacoma-Bellevue, WA · 2018 SOD (annual) · 0.2% share · #33 of 50 inst. · $0.2B of $109.6B
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 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.35% | 0.37% | 0.46% | 0.28% | 0.44% | 0.48% | 0.47% | 0.47% | +18 bps | |
| Return on Equity | 3.37% | 3.56% | 4.49% | 2.78% | 4.33% | 4.81% | 4.77% | 4.74% | +195 bps | |
| Net Interest Margin | 3.07% | 2.98% | 3.07% | 3.12% | 3.27% | 3.18% | 3.10% | 3.10% | -2 bps | |
| Efficiency Ratio | 85.26% | 84.46% | 80.85% | 81.85% | 84.81% | 83.33% | 83.67% | 83.99% | +213 bps | |
| Non-Interest Burden | 2.58% | 2.48% | 2.42% | 2.50% | 2.72% | 2.60% | 2.54% | 2.55% | +5 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 10.81% | 10.41% | 11.50% | 7.17% | 2.65% | 5.47% | 6.90% | 5.65% | -151 bps | |
| Loan Growth (YoY) | 24.05% | 12.33% | 15.52% | 12.11% | 7.55% | 10.52% | 10.45% | 8.51% | -360 bps | |
| Deposit Growth (YoY) | 13.52% | 20.50% | 12.65% | 6.60% | -0.94% | -1.20% | 3.50% | 3.74% | -286 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.29% | 0.15% | 0.14% | 0.00% | 0.00% | 0.21% | 0.40% | 0.31% | +31 bps | |
| Net Charge-Offs / Loans | -0.03% | -0.13% | -0.09% | -0.21% | -0.01% | -0.01% | -0.01% | -0.03% | +18 bps | |
| Allowance / Loans | 1.50% | 1.54% | 1.49% | 1.53% | 1.50% | 1.44% | 1.40% | 1.44% | -9 bps | |
| Allowance Coverage of NPLs | 5.2x | 10.3x | 10.8x | n/a | n/a | 6.9x | 3.5x | 4.6x | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.52% | 10.08% | 10.13% | 9.98% | 10.23% | 10.06% | 9.72% | 9.75% | -23 bps | |
| Total Risk-Based Capital | 14.08% | 14.06% | 13.76% | 13.60% | 13.73% | 13.64% | 13.36% | 13.51% | -9 bps | |
| Equity / Assets | 10.17% | 10.09% | 10.16% | 10.12% | 10.03% | 9.70% | 9.56% | 9.79% | -32 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 90.20% | 89.69% | 94.00% | 95.07% | 97.94% | 100.33% | 100.31% | 99.44% | +437 bps | |
| Liquid Assets / Assets | 6.32% | 6.61% | 4.69% | 4.73% | 4.65% | 5.14% | 3.94% | 3.18% | -155 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |