PackageTrendsPeer
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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 $0.0MQ1 2001Q4 2002
Deposit mix
74%Interest-bearing $13.6M26%Noninterest $4.8MQ1 2001Q4 2002

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.

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
n/a

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%

Year to date, annualized, through each quarter.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets-0.30%-0.04%0.31%0.38%0.67%0.78%0.37%0.21%-17 bps
Return on Equityn/an/an/an/a2.58%3.08%1.57%0.95%n/a
Net Interest Margin4.64%4.86%4.87%4.87%5.96%5.96%5.25%4.29%-58 bps
Efficiency Ratio100.57%92.57%85.81%86.04%73.95%73.47%83.92%88.66%+261 bps
Non-Interest Burden4.67%4.47%4.13%4.13%4.30%4.25%4.34%3.77%-36 bps
Growth
Asset Growth (YoY)99.60%31.93%16.35%11.69%-5.44%11.54%29.11%50.50%+3,881 bps
Loan Growth (YoY)105.73%95.50%71.33%26.54%11.35%12.71%15.64%42.71%+1,617 bps
Deposit Growth (YoY)201%49.25%23.23%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.03%0.00%0.00%0.00%0.00%-3 bps
Allowance / Loans1.19%1.31%1.25%1.21%1.28%1.36%1.36%1.18%-3 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital30.20%30.58%29.66%29.88%29.60%29.25%25.93%20.84%-904 bps
Equity / Assets24.37%25.51%24.77%25.90%26.39%23.59%19.53%17.38%-852 bps
Liquidity & Funding
Loans / Deposits101.14%108.39%108.42%115.48%121.97%106.51%90.46%98.03%-1,745 bps
Liquid Assets / Assets15.72%13.58%14.11%10.77%2.03%2.41%18.53%14.00%+324 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a