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Washington Business Bank

Olympia, WA · Cert 57167

FDIC · 1 branch

Q3 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q3 2024, the quarter ended September 30, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets (n=553 to 600). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

85

Q2 2024Q3 2024peer median (50)

Asset Quality

100

Q2 2024Q3 2024peer median (50)

Profitability

79

Q2 2024Q3 2024peer median (50)

Liquidity

0

Q2 2024Q3 2024peer median

Efficiency

73

Q2 2024Q3 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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 2026-10-11

Washington Business Bank

Olympia, WA · Cert 57167

FDIC · 1 branch

Q3 2024

$93.2MAssets
$81.3MLoans
$67.7MDeposits
$17.1MEquity
Deposit mix
65%Interest-bearing $44.2M35%Noninterest $23.5MQ4 2022Q3 2024

Market Position · Olympia-Lacey-Tumwater, WA · 2024 SOD (annual) · 1.5% share · #14 of 17 inst. · $0.1B of $5.1B

Executive Summary

  • Earnings: ROA of 1.51%, up 1 bps year over year; NIM at 4.72%.
  • Asset quality: problem loans at 0.00% of loans (-32 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 17.36%, up 252 bps from a year ago.
  • Funding: loans stand at 120.00% of deposits as of Q3 2024.

Return on Assets (YTD, annualized)

1.51%+1 bps YoY

Net Interest Margin (YTD, annualized)

4.72%+17 bps YoY

Efficiency Ratio (YTD, annualized)

61.53%+175 bps YoY

Tier 1 Leverage Ratio

17.36%+252 bps YoY

NIM

4.25%Q3 ’225.53%Q3 ’236.63%Q3 ’24+15%+4%

Non-interest income vs. expense

2.85%Q3 ’222.79%Q3 ’232.98%Q3 ’24-2%+7%

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets1.15%1.59%1.53%1.50%1.55%1.19%1.27%1.51%+1 bps
Return on Equity8.71%10.80%10.56%10.29%10.56%7.88%8.20%9.33%-96 bps
Net Interest Margin4.39%4.81%4.63%4.55%4.62%4.55%4.58%4.72%+17 bps
Efficiency Ratio66.07%59.15%59.17%59.79%59.00%67.35%63.19%61.53%+175 bps
Non-Interest Burden2.86%2.80%2.69%2.67%2.67%3.03%2.85%2.86%+19 bps
Growth
Asset Growth (YoY)-12.35%-5.26%-0.27%6.56%10.21%4.35%-2.22%-10.35%-1,691 bps
Loan Growth (YoY)1.56%9.58%16.44%12.66%10.32%6.15%0.07%-9.82%-2,248 bps
Deposit Growth (YoY)-14.16%-9.37%-2.94%2.51%3.24%3.72%-6.25%-17.71%-2,021 bps
Asset Quality
Nonperforming Loans / Loans0.36%0.35%0.32%0.32%0.00%0.00%0.00%0.00%-32 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.80%0.78%0.76%0.75%0.75%0.76%0.79%0.72%-4 bps
Allowance Coverage of NPLs2.2x2.2x2.3x2.3xn/an/an/an/an/a
Capital
Tier 1 Leverage Ratio14.66%14.95%14.64%14.83%15.23%15.34%16.05%17.36%+252 bps
Total Risk-Based Capital20.03%19.38%19.02%19.34%19.43%20.04%20.69%23.76%+441 bps
Equity / Assets14.90%14.48%14.22%14.63%14.93%15.26%16.36%18.39%+376 bps
Liquidity & Funding
Loans / Deposits107.60%107.90%108.33%109.50%114.98%110.43%115.63%120.00%+1,050 bps
Liquid Assets / Assets9.44%11.94%10.89%10.43%9.71%10.91%9.15%9.49%-95 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a

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. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Washington Business Bank

Olympia, WA · Cert 57167 · Peer group: banks under $1B in assets (n=553-600)

FDIC · 1 branch

Q3 2024

$93.2MAssets
$81.3MLoans
$67.7MDeposits
$17.1MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets (rank 84 of 553).
  • Widest gap: return on equity trails 42% of banks under $1B in assets (rank 253 of 599).
  • Overall: at or above the peer median on 9 of 9 directional measures.

Return on Assets

1.64%

Rank 88 of 600

Net Interest Margin

4.72%

Rank 41 of 599

Efficiency Ratio

61.53%

Rank 161 of 599

Equity / Assets

18.39%

Rank 71 of 599

Non-interest income vs. expense

$0.1M$2.9MINCOMEEXPENSE
Unfavorable gap of $2.8M · efficiency ratio beats 73% of banks under $1B in assets
Bank 61.53%Peer median 71.8%Q2 2024Q3 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.64%0.46%0.79%1.24%Beats 85%88 / 600
Return on Equity8.91%4.80%8.06%11.58%Beats 58%253 / 599
Net Interest Margin4.72%2.69%3.18%3.78%Beats 93%41 / 599
Efficiency Ratio61.53%60.70%71.81%83.57%Beats 73%161 / 599
Asset Quality
Nonperforming Loans / Loans0.00%0.07%0.33%0.86%Beats 100%84 / 553
Net Charge-Offs / Loans0.00%0.00%0.02%0.08%Beats 100%129 / 553
Capital
Tier 1 Capital Ratio22.89%11.16%13.46%17.80%Beats 84%95 / 599
Total Risk-Based Capital Ratio23.76%11.63%14.22%18.75%Beats 84%96 / 599
Equity / Assets18.39%8.41%10.03%12.90%Beats 88%71 / 599
Liquidity & Funding
Loans / Deposits120.00%64.78%79.25%91.89%99th pctl6 / 562
Loans / Assets87.22%56.05%67.49%76.84%96th pctl20 / 553
Brokered Deposits / Depositsn/aNot reported for this institution