Bremerton, WA · Cert 34843
FDIC
Q1 2009
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2009, the quarter ended March 31, 2009, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Bremerton, WA · Cert 34843
FDIC
Q1 2009
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | Q1 2009 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.36% | -1.43% | -0.94% | -4.58% | -6.91% | -5.74% | -7.09% | -4.94% | -36 bps | |
| Return on Equity | 8.33% | -9.12% | -6.24% | -37.53% | -58.44% | -49.21% | -63.28% | -56.76% | -1,923 bps | |
| Net Interest Margin | 4.77% | 4.64% | 4.40% | 1.73% | 1.35% | 1.26% | 1.08% | 0.58% | -116 bps | |
| Efficiency Ratio | 60.62% | 63.23% | 63.46% | 138.32% | 212% | 280% | 492% | n/a | n/a | |
| Non-Interest Burden | 2.43% | 2.57% | 2.45% | 2.47% | 2.95% | 3.54% | 4.13% | 5.51% | +304 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 51.05% | 38.40% | 26.70% | 15.64% | -5.69% | -15.06% | -25.37% | -33.45% | -4,909 bps | |
| Loan Growth (YoY) | 46.63% | 37.41% | 19.97% | 1.10% | -16.79% | -24.20% | -31.18% | -32.67% | -3,377 bps | |
| Deposit Growth (YoY) | 38.81% | 29.73% | 33.58% | 22.01% | -0.29% | -12.32% | -21.80% | -31.15% | -5,316 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.14% | 0.09% | 0.08% | 0.95% | 1.54% | 2.57% | 6.50% | 5.77% | +483 bps | |
| Allowance / Loans | 1.10% | 4.19% | 4.73% | 6.82% | 8.30% | 7.60% | 6.48% | 5.65% | -117 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 18.11% | 16.12% | 16.27% | 15.65% | 14.88% | 14.41% | 11.79% | 10.93% | -471 bps | |
| Equity / Assets | 15.63% | 13.59% | 12.96% | 11.49% | 10.95% | 11.04% | 8.94% | 8.45% | -304 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 107.15% | 106.41% | 97.81% | 87.21% | 89.42% | 91.99% | 86.07% | 85.29% | -192 bps | |
| Liquid Assets / Assets | 0.56% | 0.52% | 0.50% | 0.50% | 1.75% | 1.89% | 2.40% | 2.44% | +194 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |