PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Silver Falls Bank

Silverton, OR · Cert 35399

FDIC

Q4 2008

$134.2MAssets
$114.0MLoans
$116.0MDeposits
$2.9MEquity
Loan mix
96%RE $97.5M4%C&I $3.9M0%Consumer $0.1MQ4 2007Q4 2008
Deposit mix
93%Interest-bearing $107.4M7%Noninterest $8.6MQ4 2007Q4 2008

NIM

8.65%Q4 ’068.73%Q4 ’077.16%Q4 ’08-8%-29%

Non-interest income vs. expense

2.94%Q4 ’062.54%Q4 ’073.39%Q4 ’08-17%+33%

Executive Summary

  • Earnings: ROA of -6.41%, down 808 bps year over year; NIM at 3.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.84%.
  • Funding: loans stand at 98.27% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-6.41%-808 bps YoY

Net Interest Margin (YTD, annualized)

3.71%-150 bps YoY

Efficiency Ratio (YTD, annualized)

83.73%+3,725 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets1.67%-1.04%-0.43%-2.77%-6.41%-808 bps
Return on Equity18.44%-12.45%-5.24%-36.10%-96.77%-11,520 bps
Net Interest Margin5.21%4.82%4.50%4.02%3.71%-150 bps
Efficiency Ratio46.48%57.57%56.98%67.97%83.73%+3,725 bps
Non-Interest Burden2.29%2.67%2.47%2.65%3.05%+76 bps
Growth
Asset Growth (YoY)39.73%31.29%19.09%12.28%-3.60%-4,333 bps
Loan Growth (YoY)41.81%31.60%18.28%3.76%-13.10%-5,492 bps
Deposit Growth (YoY)35.57%27.70%26.21%20.52%5.82%-2,975 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.17%0.67%1.04%3.41%4.84%+467 bps
Allowance / Loans1.17%1.65%1.70%3.70%6.77%+560 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 Capital10.22%9.66%9.27%8.11%3.87%-634 bps
Equity / Assets8.62%8.10%7.84%6.15%2.15%-647 bps
Liquidity & Funding
Loans / Deposits119.67%115.12%115.28%105.20%98.27%-2,140 bps
Liquid Assets / Assets0.17%0.37%0.36%0.16%0.18%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a