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Syringa Bank

Boise, ID · Cert 34296

FDIC

Q4 2013

$153.4MAssets
$119.8MLoans
$145.8MDeposits
$3.1MEquity
Loan mix
70%RE $65.0M27%C&I $25.2M3%Consumer $3.1MQ4 2012Q4 2013
Deposit mix
85%Interest-bearing $124.4M15%Noninterest $21.5MQ4 2012Q4 2013

NIM

4.74%Q4 ’114.30%Q4 ’124.09%Q4 ’13-8%-1%

Non-interest income vs. expense

4.70%Q4 ’114.18%Q4 ’125.12%Q4 ’13-37%+22%

Executive Summary

  • Earnings: ROA of -1.73%, down 97 bps year over year; NIM at 3.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.10%.
  • Funding: loans stand at 82.16% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

-1.73%-97 bps YoY

Net Interest Margin (quarter, annualized)

3.41%-5 bps YoY

Efficiency Ratio (quarter, annualized)

151.04%+2,905 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-0.76%-1.83%-1.19%-1.26%-1.73%-97 bps
Return on Equity-22.44%-56.41%-40.15%-47.34%-76.38%-5,394 bps
Net Interest Margin3.46%3.43%3.56%3.49%3.41%-5 bps
Efficiency Ratio121.99%121.82%130.04%132.81%151.04%+2,905 bps
Non-Interest Burden4.21%4.29%4.74%4.73%5.14%+93 bps
Growth
Asset Growth (YoY)-13.48%-19.19%-14.13%-14.20%-10.22%+327 bps
Loan Growth (YoY)-15.51%-13.19%-14.24%-12.80%-12.82%+269 bps
Deposit Growth (YoY)-9.34%-13.37%-11.51%-11.59%-6.77%+257 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.93%0.35%-0.20%-0.18%-0.10%-103 bps
Allowance / Loans2.61%2.92%3.09%3.18%3.36%+75 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 Capital5.21%4.80%4.59%4.27%3.85%-137 bps
Equity / Assets3.38%3.09%2.82%2.49%2.05%-133 bps
Liquidity & Funding
Loans / Deposits87.86%87.71%87.36%86.54%82.16%-570 bps
Liquid Assets / Assets9.83%8.19%8.49%8.82%14.44%+461 bps
CRE / Total Capitaln/an/an/an/an/an/an/a