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Bank Northwest

Bellingham, WA · Cert 34421

FDIC

Q4 2003

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: Q4 2003, the quarter ended December 31, 2003, 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

Bank Northwest

Bellingham, WA · Cert 34421

FDIC

Q4 2003

$104.5MAssets
$96.2MLoans
$89.0MDeposits
$8.2MEquity
Loan mix
42%RE $19.2M56%C&I $25.8M3%Consumer $1.3MQ4 2002Q4 2003
Deposit mix
83%Interest-bearing $73.7M17%Noninterest $15.3MQ4 2002Q4 2003

NIM

7.14%Q4 ’016.76%Q4 ’026.45%Q4 ’03+16%+0%

Non-interest income vs. expense

4.49%Q4 ’014.71%Q4 ’024.73%Q4 ’03-5%+1%

Executive Summary

  • Earnings: ROA of 0.97%, down 9 bps year over year; NIM at 4.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 108.12% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

0.97%-9 bps YoY

Net Interest Margin (YTD, annualized)

4.93%0 bps YoY

Efficiency Ratio (YTD, annualized)

76.54%+39 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets1.06%0.43%0.83%0.81%0.97%-9 bps
Return on Equity12.27%4.90%9.59%9.59%11.68%-59 bps
Net Interest Margin4.92%5.25%5.27%4.77%4.93%0 bps
Efficiency Ratio76.15%82.54%76.98%77.04%76.54%+39 bps
Non-Interest Burden3.45%4.04%3.67%3.35%3.48%+3 bps
Growth
Asset Growth (YoY)40.09%43.02%44.95%34.73%34.37%-573 bps
Loan Growth (YoY)55.57%53.03%46.33%30.44%37.60%-1,796 bps
Deposit Growth (YoY)29.09%39.10%39.82%41.53%43.16%+1,407 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.09%0.04%0.03%0.03%-1 bps
Allowance / Loans1.19%1.27%1.40%1.56%1.41%+22 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 Capital10.62%11.26%10.82%10.62%9.79%-82 bps
Equity / Assets8.41%9.05%8.38%8.04%7.86%-55 bps
Liquidity & Funding
Loans / Deposits112.49%108.57%109.62%97.80%108.12%-437 bps
Liquid Assets / Assets0.06%0.54%2.04%5.52%0.01%-5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a