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Shoreline Bank

Shoreline, WA · Cert 35250

FDIC

Q3 2010

$93.0MAssets
$65.6MLoans
$90.6MDeposits
$1.1MEquity
Loan mix
84%RE $38.3M15%C&I $6.7M1%Consumer $0.7MQ3 2009Q3 2010
Deposit mix
89%Interest-bearing $81.1M11%Noninterest $9.6MQ3 2009Q3 2010

NIM

6.69%Q3 ’084.86%Q3 ’094.63%Q3 ’10-26%+2%

Non-interest income vs. expense

3.82%Q3 ’084.08%Q3 ’095.53%Q3 ’10+8%+70%

Executive Summary

  • Earnings: ROA of -5.14%, up 146 bps year over year; NIM at 2.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.06%.
  • Funding: loans stand at 72.42% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

-5.14%+146 bps YoY

Net Interest Margin (YTD, annualized)

2.97%+6 bps YoY

Efficiency Ratio (YTD, annualized)

309%+17,428 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-6.60%-7.70%-4.01%-6.06%-5.14%+146 bps
Return on Equity-79.28%-101.65%-100.98%-185.36%-182.19%-10,291 bps
Net Interest Margin2.91%2.92%2.69%2.71%2.97%+6 bps
Efficiency Ratio134.35%148.28%850%422%309%+17,428 bps
Non-Interest Burden3.95%4.35%6.71%6.35%6.71%+276 bps
Growth
Asset Growth (YoY)-4.48%-8.30%-18.02%-21.45%-27.02%-2,254 bps
Loan Growth (YoY)-15.42%-26.24%-31.84%-28.78%-31.92%-1,650 bps
Deposit Growth (YoY)1.98%0.92%-7.92%-12.72%-20.19%-2,217 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans6.49%9.69%7.78%5.16%4.06%-243 bps
Allowance / Loans5.66%5.75%4.35%5.86%6.35%+70 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 Capital9.74%7.00%5.81%3.41%2.60%-714 bps
Equity / Assets6.74%4.30%3.63%1.72%1.22%-553 bps
Liquidity & Funding
Loans / Deposits84.89%74.22%73.26%72.99%72.42%-1,248 bps
Liquid Assets / Assets13.54%15.64%12.50%11.61%8.84%-471 bps
CRE / Total Capitaln/an/an/an/an/an/an/a