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Letter portraitLegal landscapeQuarterYTD

Bank of America Oregon, National Association

Portland, OR · Cert 35453

FDIC

Q1 2013

$10.4BAssets
$9.1BLoans
$5.3BDeposits
$1.2BEquity
Deposit mix
100%Interest-bearing $5.3B0%Noninterest $0.0BQ1 2012Q1 2013

NIM

4.87%Q1 ’114.19%Q1 ’123.43%Q1 ’13-11%-18%

Non-interest income vs. expense

0.07%Q1 ’110.56%Q1 ’120.20%Q1 ’13+234%-61%

Executive Summary

  • Earnings: ROA of 2.01%, down 20 bps year over year; NIM at 3.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.35%.
  • Funding: loans stand at 172.68% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

2.01%-20 bps YoY

Net Interest Margin (quarter, annualized)

3.17%-72 bps YoY

Efficiency Ratio (quarter, annualized)

6.12%-770 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets2.21%2.06%2.05%2.06%2.01%-20 bps
Return on Equity16.24%16.47%17.23%18.03%18.76%+252 bps
Net Interest Margin3.89%3.67%3.66%3.35%3.17%-72 bps
Efficiency Ratio13.82%7.72%6.07%6.02%6.12%-770 bps
Non-Interest Burden0.42%0.19%0.18%0.13%0.16%-26 bps
Growth
Asset Growth (YoY)6.22%58.09%53.39%3.22%0.51%-571 bps
Loan Growth (YoY)11.06%64.99%59.13%1.27%-2.15%-1,322 bps
Deposit Growth (YoY)35.78%152.83%202%44.26%-8.47%-4,425 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.78%0.38%0.48%0.42%0.35%-43 bps
Allowance / Loans1.03%0.67%0.72%0.78%0.86%-17 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 Capital29.53%22.98%26.38%21.73%24.99%-455 bps
Equity / Assets14.39%11.15%12.75%9.99%11.52%-287 bps
Liquidity & Funding
Loans / Deposits161.54%144.72%142.35%134.69%172.68%+1,114 bps
Liquid Assets / Assets3.10%2.29%3.12%4.25%6.22%+312 bps
CRE / Total Capitaln/an/an/an/an/an/an/a