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North County Bank

Arlington, WA · Cert 35053

FDIC

Q2 2010

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: Q2 2010, the quarter ended June 30, 2010, 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

North County Bank

Arlington, WA · Cert 35053

FDIC

Q2 2010

$288.8MAssets
$203.8MLoans
$276.1MDeposits
$12.1MEquity
Loan mix
95%RE $153.3M4%C&I $6.3M1%Consumer $2.1MQ2 2009Q2 2010
Deposit mix
94%Interest-bearing $260.2M6%Noninterest $15.9MQ2 2009Q2 2010

NIM

7.23%Q2 ’085.37%Q2 ’094.15%Q2 ’10-35%-12%

Non-interest income vs. expense

2.19%Q2 ’082.18%Q2 ’093.25%Q2 ’10+3%+33%

Executive Summary

  • Earnings: ROA of -1.85%, down 166 bps year over year; NIM at 2.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.39%.
  • Funding: loans stand at 73.80% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

-1.85%-166 bps YoY

Net Interest Margin (YTD, annualized)

2.02%-28 bps YoY

Efficiency Ratio (YTD, annualized)

130.53%+3,921 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-0.20%-1.43%-3.22%-2.58%-1.85%-166 bps
Return on Equity-2.73%-20.58%-50.02%-62.37%-44.57%-4,184 bps
Net Interest Margin2.31%2.20%2.09%1.69%2.02%-28 bps
Efficiency Ratio91.32%95.26%111.25%125.21%130.53%+3,921 bps
Non-Interest Burden2.10%2.09%2.33%2.31%2.78%+68 bps
Growth
Asset Growth (YoY)15.23%8.10%-3.37%-10.56%-19.59%-3,482 bps
Loan Growth (YoY)3.07%-5.12%-15.01%-23.30%-27.76%-3,083 bps
Deposit Growth (YoY)17.79%11.42%-0.23%-6.98%-16.62%-3,441 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.50%0.40%4.75%8.82%7.39%+689 bps
Allowance / Loans2.97%4.89%5.22%4.83%4.31%+134 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 Capital10.43%9.49%5.59%4.47%4.28%-615 bps
Equity / Assets7.20%6.24%4.38%3.89%4.18%-301 bps
Liquidity & Funding
Loans / Deposits85.19%82.18%77.55%71.47%73.80%-1,138 bps
Liquid Assets / Assets16.14%18.41%20.22%20.76%8.79%-735 bps
CRE / Total Capitaln/an/an/an/an/an/an/a