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Northwest International Bank

Seattle, WA · Cert 34893

FDIC

Q3 2005

$154.3MAssets
$136.6MLoans
$126.0MDeposits
$17.5MEquity
Loan mix
40%RE $17.1M57%C&I $24.4M3%Consumer $1.3MQ3 2004Q3 2005
Deposit mix
90%Interest-bearing $113.4M10%Noninterest $12.6MQ3 2004Q3 2005

NIM

6.10%Q3 ’035.15%Q3 ’046.55%Q3 ’05-22%+2%

Non-interest income vs. expense

3.13%Q3 ’032.02%Q3 ’041.96%Q3 ’05-41%+18%

Executive Summary

  • Earnings: ROA of 1.28%, down 7 bps year over year; NIM at 4.11%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.68%.
  • Funding: loans stand at 108.40% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

1.28%-7 bps YoY

Net Interest Margin (quarter, annualized)

4.11%+8 bps YoY

Efficiency Ratio (quarter, annualized)

46.46%+140 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets1.35%1.39%0.88%1.23%1.28%-7 bps
Return on Equity12.88%13.35%8.30%10.82%11.06%-182 bps
Net Interest Margin4.03%4.41%4.12%4.27%4.11%+8 bps
Efficiency Ratio45.06%44.98%58.03%50.41%46.46%+140 bps
Non-Interest Burden1.57%1.82%2.34%2.11%1.86%+28 bps
Growth
Asset Growth (YoY)39.20%23.91%5.80%-0.52%2.26%-3,694 bps
Loan Growth (YoY)37.04%28.12%18.52%19.26%21.11%-1,593 bps
Deposit Growth (YoY)42.93%16.15%-2.45%-9.38%-2.41%-4,534 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.09%0.07%0.00%0.00%0.68%+77 bps
Allowance / Loans1.19%1.21%1.27%1.36%1.13%-6 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 Capital14.46%14.00%14.11%14.43%13.68%-78 bps
Equity / Assets10.44%10.33%10.95%11.88%11.31%+88 bps
Liquidity & Funding
Loans / Deposits87.35%96.77%106.87%109.37%108.40%+2,105 bps
Liquid Assets / Assets8.28%10.25%6.22%1.56%1.26%-702 bps
CRE / Total Capitaln/an/an/an/an/an/an/a