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Valley Bank

Auburn, WA · Cert 34913

FDIC

Q4 2002

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 2002, the quarter ended December 31, 2002, 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

Valley Bank

Auburn, WA · Cert 34913

FDIC

Q4 2002

$22.5MAssets
$18.1MLoans
$18.4MDeposits
$3.9MEquity
Loan mix
21%RE $1.6M79%C&I $6.2M0%Consumer $0.0MQ4 2001Q4 2002
Deposit mix
74%Interest-bearing $13.6M26%Noninterest $4.8MQ4 2001Q4 2002

NIM

7.76%Q1 ’017.19%Q4 ’015.21%Q4 ’02+5%-12%

Non-interest income vs. expense

4.92%Q1 ’014.56%Q4 ’014.10%Q4 ’02-12%-9%

Executive Summary

  • Earnings: ROA of 0.21%, down 17 bps year over year; NIM at 4.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 98.03% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

0.21%-17 bps YoY

Net Interest Margin (YTD, annualized)

4.29%-58 bps YoY

Efficiency Ratio (YTD, annualized)

88.66%+261 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets0.38%0.67%0.78%0.37%0.21%-17 bps
Return on Equityn/a2.58%3.08%1.57%0.95%n/a
Net Interest Margin4.87%5.96%5.96%5.25%4.29%-58 bps
Efficiency Ratio86.04%73.95%73.47%83.92%88.66%+261 bps
Non-Interest Burden4.13%4.30%4.25%4.34%3.77%-36 bps
Growth
Asset Growth (YoY)11.69%-5.44%11.54%29.11%50.50%+3,881 bps
Loan Growth (YoY)26.54%11.35%12.71%15.64%42.71%+1,617 bps
Deposit Growth (YoY)17.11%-7.67%14.71%38.60%68.11%+5,100 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.00%0.00%0.00%0.00%-3 bps
Allowance / Loans1.21%1.28%1.36%1.36%1.18%-3 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 Capital29.88%29.60%29.25%25.93%20.84%-904 bps
Equity / Assets25.90%26.39%23.59%19.53%17.38%-852 bps
Liquidity & Funding
Loans / Deposits115.48%121.97%106.51%90.46%98.03%-1,745 bps
Liquid Assets / Assets10.77%2.03%2.41%18.53%14.00%+324 bps
CRE / Total Capitaln/an/an/an/an/an/an/a