Port Townsend, WA · Cert 57499
FDIC
Q3 2006
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2006, the quarter ended September 30, 2006, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Port Townsend, WA · Cert 57499
FDIC
Q3 2006
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2005 | Q4 2005 | Q1 2006 | Q2 2006 | Q3 2006 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 1.34% | 1.24% | 0.99% | 0.87% | 0.88% | -46 bps | |
| Return on Equity | 10.07% | 9.43% | 7.63% | 6.77% | 6.88% | -319 bps | |
| Net Interest Margin | 4.93% | 4.92% | 4.93% | 4.98% | 4.62% | -31 bps | |
| Efficiency Ratio | 69.62% | 72.34% | 70.81% | 72.19% | 73.38% | +376 bps | |
| Non-Interest Burden | 3.40% | 3.54% | 3.46% | 3.56% | 3.36% | -4 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 42.67% | 33.71% | 14.00% | 9.58% | 7.88% | -3,479 bps | |
| Loan Growth (YoY) | 29.46% | 14.71% | 24.39% | 22.15% | 16.91% | -1,255 bps | |
| Deposit Growth (YoY) | 45.48% | 43.67% | 14.77% | 9.48% | 7.55% | -3,793 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.03% | 0.03% | 0.00% | 0.00% | 0.00% | -3 bps | |
| Allowance / Loans | 1.00% | 1.00% | 1.00% | 1.00% | 1.04% | +3 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | |||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 16.88% | 16.75% | 16.25% | 15.25% | 15.88% | -100 bps | |
| Equity / Assets | 12.19% | 12.68% | 13.29% | 12.64% | 12.36% | +17 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 80.91% | 83.45% | 91.99% | 95.77% | 87.95% | +704 bps | |
| Liquid Assets / Assets | 0.01% | 0.06% | 0.06% | 0.11% | 0.06% | +5 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a |