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Letter portraitLegal landscapeQuarterYTD

Bank of the Northwest

Portland, OR · Cert 34247

FDIC

Q3 2002

$385.4MAssets
$247.3MLoans
$300.7MDeposits
$29.5MEquity
Loan mix
45%RE $53.5M52%C&I $61.6M4%Consumer $4.3MQ3 2001Q3 2002
Deposit mix
68%Interest-bearing $204.7M32%Noninterest $96.0MQ3 2001Q3 2002

NIM

8.28%Q1 ’017.33%Q3 ’015.86%Q3 ’02+2%-7%

Non-interest income vs. expense

3.04%Q1 ’012.99%Q3 ’012.59%Q3 ’02-1%-19%

Executive Summary

  • Earnings: ROA of 1.28%, up 26 bps year over year; NIM at 4.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 82.24% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

1.28%+26 bps YoY

Net Interest Margin (quarter, annualized)

4.20%-34 bps YoY

Efficiency Ratio (quarter, annualized)

55.63%-564 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.02%1.16%1.13%1.20%1.28%+26 bps
Return on Equity12.98%15.12%15.18%15.96%16.63%+365 bps
Net Interest Margin4.54%4.64%4.44%4.29%4.20%-34 bps
Efficiency Ratio61.27%56.76%58.02%57.86%55.63%-564 bps
Non-Interest Burden2.65%2.45%2.40%2.28%2.13%-52 bps
Growth
Asset Growth (YoY)34.56%30.12%31.59%21.17%24.78%-979 bps
Loan Growth (YoY)39.61%24.76%25.03%20.92%20.43%-1,918 bps
Deposit Growth (YoY)16.78%22.55%24.73%18.71%31.05%+1,426 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.01%0.00%0.15%0.00%0 bps
Allowance / Loans1.36%1.40%1.40%1.37%1.36%0 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 Capital11.03%11.12%10.94%11.09%11.08%+5 bps
Equity / Assets7.83%7.56%7.33%7.75%7.66%-18 bps
Liquidity & Funding
Loans / Deposits89.48%89.44%90.77%90.09%82.24%-725 bps
Liquid Assets / Assets1.28%2.23%2.14%2.04%2.15%+86 bps
CRE / Total Capitaln/an/an/an/an/an/an/a