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Letter portraitLegal landscapeQuarterYTD

Yakima National Bank, NA

Yakima, WA · Cert 34402

FDIC

Q3 2013

$124.7MAssets
$101.5MLoans
$113.7MDeposits
$10.2MEquity
Loan mix
71%RE $55.3M27%C&I $21.3M1%Consumer $0.9MQ3 2012Q3 2013
Deposit mix
69%Interest-bearing $78.1M31%Noninterest $35.6MQ3 2012Q3 2013

NIM

4.16%Q3 ’114.48%Q3 ’124.55%Q3 ’13+18%+5%

Non-interest income vs. expense

3.97%Q3 ’114.24%Q3 ’124.62%Q3 ’13+2%+16%

Executive Summary

  • Earnings: ROA of -0.17%, down 64 bps year over year; NIM at 4.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.85%.
  • Funding: loans stand at 89.34% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

-0.17%-64 bps YoY

Net Interest Margin (quarter, annualized)

4.05%+20 bps YoY

Efficiency Ratio (quarter, annualized)

102.20%+821 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.47%0.38%0.35%10.37%-0.17%-64 bps
Return on Equity4.97%4.15%3.95%4.31%-2.07%-705 bps
Net Interest Margin3.85%3.87%3.72%4.32%4.05%+20 bps
Efficiency Ratio93.99%89.36%100.57%85.92%102.20%+821 bps
Non-Interest Burden3.58%3.37%3.75%3.64%4.15%+57 bps
Growth
Asset Growth (YoY)-4.23%0.59%2.40%16.00%14.73%+1,896 bps
Loan Growth (YoY)12.21%14.32%13.10%19.82%24.24%+1,203 bps
Deposit Growth (YoY)-5.01%0.29%2.37%17.83%16.52%+2,153 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%-0.10%-0.01%0.32%0.85%+64 bps
Allowance / Loans1.53%1.49%1.46%1.33%1.14%-39 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 Capital12.61%12.15%12.19%11.40%10.45%-215 bps
Equity / Assets9.45%8.73%8.79%8.22%8.15%-130 bps
Liquidity & Funding
Loans / Deposits83.78%79.57%80.63%82.35%89.34%+555 bps
Liquid Assets / Assets14.10%18.00%19.67%15.91%9.91%-419 bps
CRE / Total Capitaln/an/an/an/an/an/an/a