Olympia, WA · Cert 57167
FDIC · 1 branch
Q3 2024
Market Position · Olympia-Lacey-Tumwater, WA · 2024 SOD (annual) · 1.5% share · #14 of 17 inst. · $0.1B of $5.1B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.71% | 1.59% | 1.48% | 1.41% | 1.68% | 1.19% | 1.35% | 1.99% | +58 bps | |
| Return on Equity | 11.83% | 10.80% | 10.31% | 9.79% | 11.35% | 7.88% | 8.53% | 11.49% | +170 bps | |
| Net Interest Margin | 4.91% | 4.81% | 4.61% | 4.54% | 4.86% | 4.55% | 4.58% | 4.55% | +1 bps | |
| Efficiency Ratio | 57.11% | 59.15% | 59.19% | 61.02% | 56.84% | 67.35% | 59.01% | 58.04% | -299 bps | |
| Non-Interest Burden | 2.75% | 2.80% | 2.68% | 2.73% | 2.67% | 3.03% | 2.65% | 2.59% | -13 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 / Loans | 0.36% | 0.35% | 0.32% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | -32 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 0.80% | 0.78% | 0.76% | 0.75% | 0.75% | 0.76% | 0.79% | 0.72% | -4 bps | |
| Allowance Coverage of NPLs | 2.2x | 2.2x | 2.3x | 2.3x | n/a | n/a | n/a | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 14.66% | 14.95% | 14.64% | 14.83% | 15.23% | 15.34% | 16.05% | 17.36% | +252 bps | |
| Total Risk-Based Capital | 20.03% | 19.38% | 19.02% | 19.34% | 19.43% | 20.04% | 20.69% | 23.76% | +441 bps | |
| Equity / Assets | 14.90% | 14.48% | 14.22% | 14.63% | 14.93% | 15.26% | 16.36% | 18.39% | +376 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 107.60% | 107.90% | 108.33% | 109.50% | 114.98% | 110.43% | 115.63% | 120.00% | +1,050 bps | |
| Liquid Assets / Assets | 9.44% | 11.94% | 10.89% | 10.43% | 9.71% | 10.91% | 9.15% | 9.49% | -95 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |