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Pierce Commercial Bank

Tacoma, WA · Cert 34411

FDIC

Q3 2010

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 2010, the quarter ended September 30, 2010, 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

Pierce Commercial Bank

Tacoma, WA · Cert 34411

FDIC

Q3 2010

$221.1MAssets
$171.5MLoans
$193.5MDeposits
$4.5MEquity
Loan mix
56%RE $83.6M34%C&I $51.0M9%Consumer $13.7MQ3 2009Q3 2010
Deposit mix
87%Interest-bearing $169.0M13%Noninterest $24.5MQ3 2009Q3 2010

NIM

6.17%Q3 ’085.36%Q3 ’094.73%Q3 ’10-4%-9%

Non-interest income vs. expense

9.41%Q3 ’088.69%Q3 ’093.95%Q3 ’10+241%-12%

Executive Summary

  • Earnings: ROA of -4.49%, up 169 bps year over year; NIM at 3.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.47%.
  • Funding: loans stand at 88.67% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

-4.49%+169 bps YoY

Net Interest Margin (YTD, annualized)

3.02%-29 bps YoY

Efficiency Ratio (YTD, annualized)

127.76%+1,349 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-6.18%-7.34%-1.17%-6.26%-4.49%+169 bps
Return on Equity-68.21%-92.03%-29.75%-188.04%-147.84%-7,964 bps
Net Interest Margin3.31%3.12%2.69%2.73%3.02%-29 bps
Efficiency Ratio114.26%174.05%141.55%132.26%127.76%+1,349 bps
Non-Interest Burden4.40%7.70%3.86%3.63%3.88%-52 bps
Growth
Asset Growth (YoY)-4.48%0.10%-7.54%-14.79%-14.52%-1,004 bps
Loan Growth (YoY)-14.32%-19.16%-21.10%-24.33%-15.98%-166 bps
Deposit Growth (YoY)-1.06%-1.26%-9.32%-13.95%-18.02%-1,696 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.94%3.91%3.12%3.60%2.47%-247 bps
Allowance / Loans3.96%4.07%3.50%5.01%5.00%+104 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 Capital8.84%4.81%5.93%4.29%4.13%-471 bps
Equity / Assets6.39%3.53%4.34%2.02%2.05%-434 bps
Liquidity & Funding
Loans / Deposits86.52%86.00%83.79%82.04%88.67%+214 bps
Liquid Assets / Assets15.76%19.78%21.98%23.60%14.80%-97 bps
CRE / Total Capitaln/an/an/an/an/an/an/a