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NCW Community Bank

Wenatchee, WA · Cert 35336

FDIC

Q3 2007

$98.7MAssets
$90.8MLoans
$88.4MDeposits
$9.6MEquity
Loan mix
79%RE $63.3M21%C&I $17.0M0%Consumer $0.3MQ3 2006Q3 2007
Deposit mix
90%Interest-bearing $79.2M10%Noninterest $9.2MQ3 2006Q3 2007

NIM

6.69%Q3 ’057.91%Q3 ’068.21%Q3 ’07+11%-7%

Non-interest income vs. expense

3.02%Q3 ’053.37%Q3 ’063.21%Q3 ’07+11%-5%

Executive Summary

  • Earnings: ROA of 1.12%, up 1 bps year over year; NIM at 4.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 102.66% of deposits as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

1.12%+1 bps YoY

Net Interest Margin (quarter, annualized)

4.77%-36 bps YoY

Efficiency Ratio (quarter, annualized)

64.45%+139 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.11%0.98%1.16%1.06%1.12%+1 bps
Return on Equity11.57%10.55%12.31%11.12%11.92%+35 bps
Net Interest Margin5.13%4.76%5.09%4.90%4.77%-36 bps
Efficiency Ratio63.06%66.03%60.41%64.39%64.45%+139 bps
Non-Interest Burden3.16%3.08%3.00%3.06%3.00%-16 bps
Growth
Asset Growth (YoY)9.02%15.57%12.81%22.10%16.18%+716 bps
Loan Growth (YoY)19.93%21.06%25.48%27.50%20.07%+14 bps
Deposit Growth (YoY)7.94%16.07%8.86%22.70%16.70%+876 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.48%1.49%1.51%1.45%1.45%-3 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 Capital11.64%11.25%11.42%11.04%11.33%-31 bps
Equity / Assets9.78%8.92%9.90%9.12%9.75%-3 bps
Liquidity & Funding
Loans / Deposits99.77%89.98%105.82%97.78%102.66%+289 bps
Liquid Assets / Assets5.05%4.61%4.18%3.66%3.24%-182 bps
CRE / Total Capitaln/an/an/an/an/an/an/a