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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

6.28%Q3 ’084.45%Q3 ’094.21%Q3 ’10-30%+8%

Non-interest income vs. expense

3.92%Q3 ’084.16%Q3 ’095.92%Q3 ’10+7%+47%

Executive Summary

  • Earnings: ROA of -3.01%, up 144 bps year over year; NIM at 2.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.70%.
  • Funding: loans stand at 72.42% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

-3.01%+144 bps YoY

Net Interest Margin (quarter, annualized)

2.84%+22 bps YoY

Efficiency Ratio (quarter, annualized)

208%+5,736 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-4.45%-11.11%-4.01%-8.29%-3.01%+144 bps
Return on Equity-62.28%-199.77%-100.98%-307%-203%-14,066 bps
Net Interest Margin2.62%2.42%2.69%2.59%2.84%+22 bps
Efficiency Ratio150.49%210%850%279%208%+5,736 bps
Non-Interest Burden4.01%4.83%6.71%5.62%5.91%+190 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 / Loans1.95%16.13%7.78%2.24%0.70%-125 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