PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of Clark County

Vancouver, WA · Cert 34959

FDIC

Q4 2008

$441.1MAssets
$403.0MLoans
$377.5MDeposits
$19.3MEquity
Loan mix
74%RE $240.2M25%C&I $81.4M1%Consumer $2.1MQ4 2007Q4 2008
Deposit mix
90%Interest-bearing $338.1M10%Noninterest $39.4MQ4 2007Q4 2008

NIM

7.96%Q4 ’068.01%Q4 ’075.99%Q4 ’08-8%-32%

Non-interest income vs. expense

2.59%Q4 ’062.60%Q4 ’072.72%Q4 ’08-6%+13%

Executive Summary

  • Earnings: ROA of -5.49%, down 681 bps year over year; NIM at 3.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 6.63%.
  • Funding: loans stand at 106.77% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-5.49%-681 bps YoY

Net Interest Margin (YTD, annualized)

3.17%-149 bps YoY

Efficiency Ratio (YTD, annualized)

81.61%+2,955 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets1.32%0.32%0.49%0.32%-5.49%-681 bps
Return on Equity13.65%3.31%5.09%3.33%-63.76%-7,741 bps
Net Interest Margin4.66%4.13%3.86%3.58%3.17%-149 bps
Efficiency Ratio52.06%56.67%62.72%65.95%81.61%+2,955 bps
Non-Interest Burden2.26%2.26%2.36%2.31%2.55%+29 bps
Growth
Asset Growth (YoY)22.81%23.92%24.55%21.87%9.32%-1,349 bps
Loan Growth (YoY)30.36%28.47%24.77%19.02%3.97%-2,639 bps
Deposit Growth (YoY)22.31%17.73%15.68%14.03%16.10%-621 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.31%0.00%0.32%0.54%6.63%+631 bps
Allowance / Loans1.23%1.49%1.29%1.30%2.07%+84 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 Capital10.51%10.18%10.77%11.02%5.72%-479 bps
Equity / Assets9.83%9.39%9.87%9.59%4.38%-545 bps
Liquidity & Funding
Loans / Deposits119.22%119.16%115.90%115.06%106.77%-1,245 bps
Liquid Assets / Assets0.01%0.01%0.04%1.12%1.71%+171 bps
CRE / Total Capitaln/an/an/an/an/an/an/a