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Golf Savings Bank

Mountlake Terrace, WA · Cert 35362

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 2026-10-10

Golf Savings Bank

Mountlake Terrace, WA · Cert 35362

FDIC

Q2 2010

$562.9MAssets
$479.1MLoans
$428.5MDeposits
$62.9MEquity
Loan mix
100%RE $525.0M0%C&I $0.1M0%Consumer $0.1MQ2 2009Q2 2010
Deposit mix
96%Interest-bearing $409.6M4%Noninterest $18.9MQ2 2009Q2 2010

NIM

6.93%Q2 ’085.46%Q2 ’094.64%Q2 ’10+2%-17%

Non-interest income vs. expense

5.42%Q2 ’085.33%Q2 ’098.23%Q2 ’10-765%+110%

Executive Summary

  • Earnings: ROA of 0.22%, down 143 bps year over year; NIM at 2.48%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.72%.
  • Funding: loans stand at 111.81% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

0.22%1-143 bps YoY

Net Interest Margin (YTD, annualized)

2.48%-52 bps YoY

Efficiency Ratio (YTD, annualized)

79.62%+3,664 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 Assets1.65%1.16%0.73%0.06%10.22%1-143 bps
Return on Equity15.27%10.72%6.81%0.53%1.98%-1,329 bps
Net Interest Margin3.00%2.97%2.99%2.27%2.48%-52 bps
Efficiency Ratio42.99%50.03%55.50%79.21%79.62%+3,664 bps
Non-Interest Burden-4.05%-3.09%-2.20%0.16%0.39%+444 bps
Growth
Asset Growth (YoY)31.35%24.40%14.29%-0.64%-9.12%-4,048 bps
Loan Growth (YoY)23.03%11.55%5.06%-12.51%-14.31%-3,734 bps
Deposit Growth (YoY)-7.19%2.49%14.42%23.52%24.60%+3,179 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.90%4.89%4.59%2.79%2.72%-218 bps
Allowance / Loans1.21%1.25%1.53%1.65%1.44%+23 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 Capital18.27%19.27%19.01%20.72%20.72%+245 bps
Equity / Assets10.16%10.93%10.46%11.16%11.17%+101 bps
Liquidity & Funding
Loans / Deposits162.58%138.91%122.64%105.70%111.81%-5,077 bps
Liquid Assets / Assets0.17%0.52%0.76%1.74%2.74%+257 bps
CRE / Total Capitaln/an/an/an/an/an/an/a