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Harbor Bank, National Association

Gig Harbor, WA · Cert 34405

FDIC

Q3 2002

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: Q3 2002, the quarter ended September 30, 2002, 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

Harbor Bank, National Association

Gig Harbor, WA · Cert 34405

FDIC

Q3 2002

$74.8MAssets
$57.4MLoans
$73.8MDeposits
$598KEquity
Loan mix
52%RE $13.8M43%C&I $11.5M5%Consumer $1.4MQ3 2001Q3 2002
Deposit mix
76%Interest-bearing $55.9M24%Noninterest $17.8MQ3 2001Q3 2002

NIM

8.84%Q1 ’018.06%Q3 ’017.54%Q3 ’02-6%+17%

Non-interest income vs. expense

4.91%Q1 ’013.89%Q3 ’016.90%Q3 ’02-22%+84%

Executive Summary

  • Earnings: ROA of -6.48%, down 551 bps year over year; NIM at 4.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.36%.
  • Funding: loans stand at 77.79% of deposits as of Q3 2002.

Financial Results

Return on Assets (YTD, annualized)

-6.48%-551 bps YoY

Net Interest Margin (YTD, annualized)

4.97%+74 bps YoY

Efficiency Ratio (YTD, annualized)

126.33%+4,253 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets-0.97%-2.62%-1.80%-2.99%-6.48%-551 bps
Return on Equityn/an/a-35.76%-62.79%-168.08%n/a
Net Interest Margin4.23%4.14%4.80%4.66%4.97%+74 bps
Efficiency Ratio83.80%84.09%82.96%103.47%126.33%+4,253 bps
Non-Interest Burden3.48%3.41%3.91%4.83%6.41%+293 bps
Growth
Asset Growth (YoY)26.88%9.13%6.29%-7.65%-16.21%-4,309 bps
Loan Growth (YoY)23.49%13.33%5.13%-8.25%-17.50%-4,100 bps
Deposit Growth (YoY)27.65%12.16%8.79%-5.51%-11.54%-3,919 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.14%0.89%4.11%5.71%5.36%+422 bps
Allowance / Loans1.80%4.38%4.17%3.82%6.74%+494 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 Capital9.06%8.05%7.44%6.57%2.06%-700 bps
Equity / Assets6.23%5.31%4.78%4.14%0.80%-543 bps
Liquidity & Funding
Loans / Deposits83.41%84.31%82.97%81.41%77.79%-562 bps
Liquid Assets / Assets6.96%7.96%7.73%8.69%14.57%+761 bps
CRE / Total Capitaln/an/an/an/an/an/an/a