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Town Center Bank

Portland, OR · Cert 34469

FDIC

Q2 2007

$137.9MAssets
$108.7MLoans
$108.4MDeposits
$16.0MEquity
Loan mix
87%RE $74.3M12%C&I $10.3M1%Consumer $0.6MQ2 2006Q2 2007
Deposit mix
87%Interest-bearing $94.4M13%Noninterest $14.0MQ2 2006Q2 2007

NIM

7.10%Q2 ’058.50%Q2 ’068.38%Q2 ’07+13%-12%

Non-interest income vs. expense

4.28%Q2 ’053.07%Q2 ’062.99%Q2 ’07-8%-8%

Executive Summary

  • Earnings: ROA of 1.71%, down 13 bps year over year; NIM at 5.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 100.28% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

1.71%-13 bps YoY

Net Interest Margin (quarter, annualized)

5.02%-66 bps YoY

Efficiency Ratio (quarter, annualized)

51.66%+324 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.84%1.95%1.84%1.72%1.71%-13 bps
Return on Equity16.26%17.15%15.97%14.66%14.58%-167 bps
Net Interest Margin5.69%5.77%5.55%5.08%5.02%-66 bps
Efficiency Ratio48.41%50.91%52.17%53.85%51.66%+324 bps
Non-Interest Burden2.42%2.47%2.51%2.42%2.23%-19 bps
Growth
Asset Growth (YoY)14.56%11.71%15.15%13.00%10.12%-443 bps
Loan Growth (YoY)13.94%13.68%16.23%4.78%-0.31%-1,425 bps
Deposit Growth (YoY)20.03%9.40%8.80%9.83%10.84%-920 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.02%0.04%0.00%0.00%-11 bps
Allowance / Loans1.00%1.03%1.07%1.10%1.12%+11 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 Capital13.71%14.14%14.49%14.98%14.89%+117 bps
Equity / Assets11.23%11.46%11.60%11.85%11.59%+37 bps
Liquidity & Funding
Loans / Deposits111.49%107.30%106.32%101.25%100.28%-1,121 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a