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Pacifica Bank

Bellevue, WA · Cert 34829

FDIC

Q3 2005

$182.4MAssets
$144.5MLoans
$154.5MDeposits
$16.9MEquity
Deposit mix
83%Interest-bearing $128.7M17%Noninterest $25.8MQ3 2004Q3 2005

NIM

6.08%Q3 ’036.20%Q3 ’047.11%Q3 ’05+10%+4%

Non-interest income vs. expense

4.24%Q3 ’033.90%Q3 ’043.81%Q3 ’05-8%-3%

Executive Summary

  • Earnings: ROA of 1.10%, down 21 bps year over year; NIM at 5.06%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 93.52% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

1.10%-21 bps YoY

Net Interest Margin (quarter, annualized)

5.06%+19 bps YoY

Efficiency Ratio (quarter, annualized)

69.31%-460 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets1.31%1.33%0.92%0.95%1.10%-21 bps
Return on Equity15.70%14.92%9.77%10.05%11.82%-387 bps
Net Interest Margin4.86%4.92%4.76%4.81%5.06%+19 bps
Efficiency Ratio73.91%73.43%74.64%72.28%69.31%-460 bps
Non-Interest Burden3.49%3.50%3.44%3.36%3.37%-12 bps
Growth
Asset Growth (YoY)6.03%5.06%-2.17%-0.19%5.63%-41 bps
Loan Growth (YoY)14.51%14.41%8.99%16.51%15.28%+76 bps
Deposit Growth (YoY)1.99%2.73%-2.42%-1.84%5.68%+369 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%-0.07%0.02%0.62%-0.02%+3 bps
Allowance / Loans1.67%1.53%1.52%1.26%1.27%-40 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 Capital12.13%11.67%11.94%11.41%11.67%-46 bps
Equity / Assets8.67%9.16%9.71%9.27%9.26%+59 bps
Liquidity & Funding
Loans / Deposits85.74%97.24%98.11%95.67%93.52%+778 bps
Liquid Assets / Assets4.45%2.97%0.28%3.51%5.04%+59 bps
CRE / Total Capitaln/an/an/an/an/an/an/a