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Today's Bank

Vancouver, WA · Cert 34960

FDIC

Q2 2003

$114.7MAssets
$87.3MLoans
$104.6MDeposits
$7.8MEquity
Deposit mix
93%Interest-bearing $97.2M7%Noninterest $7.4MQ2 2002Q2 2003

NIM

8.01%Q2 ’017.02%Q2 ’026.17%Q2 ’03+5%-12%

Non-interest income vs. expense

4.11%Q2 ’013.18%Q2 ’025.80%Q2 ’03-22%+90%

Executive Summary

  • Earnings: ROA of -3.38%, down 366 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.21%.
  • Funding: loans stand at 83.42% of deposits as of Q2 2003.

Financial Results

Return on Assets (quarter, annualized)

-3.38%-366 bps YoY

Net Interest Margin (quarter, annualized)

3.45%-47 bps YoY

Efficiency Ratio (quarter, annualized)

158.76%+8,220 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.28%-4.30%-1.53%0.39%-3.38%-366 bps
Return on Equity3.11%-49.12%-20.05%5.37%-47.81%-5,092 bps
Net Interest Margin3.93%3.86%3.62%3.13%3.45%-47 bps
Efficiency Ratio76.56%78.11%73.61%85.10%158.76%+8,220 bps
Non-Interest Burden2.95%2.96%2.52%2.63%5.60%+265 bps
Growth
Asset Growth (YoY)124.42%67.77%50.61%28.51%4.59%-11,983 bps
Loan Growth (YoY)120.96%80.08%45.46%20.94%1.00%-11,996 bps
Deposit Growth (YoY)135.17%73.33%52.10%31.68%7.97%-12,720 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%4.37%0.00%3.94%1.21%+113 bps
Allowance / Loans1.17%2.27%3.21%2.36%3.16%+199 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 Capital11.68%9.91%9.06%9.69%8.26%-342 bps
Equity / Assets9.24%8.27%7.09%7.35%6.79%-245 bps
Liquidity & Funding
Loans / Deposits89.18%94.76%84.16%82.39%83.42%-576 bps
Liquid Assets / Assets3.44%3.78%0.00%6.13%10.36%+692 bps
CRE / Total Capitaln/an/an/an/an/an/an/a