Seattle, WA · Cert 57799
FDIC · 1 branch
Q1 2024
Market Position · Seattle-Tacoma-Bellevue, WA · 2023 SOD (annual) · 0.1% share · #37 of 48 inst. · $0.1B of $145.3B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.37% | 0.50% | 0.59% | 0.41% | 0.31% | -0.33% | -0.21% | -0.51% | -93 bps | |
| Return on Equity | 3.81% | 5.42% | 6.59% | 4.77% | 3.50% | -3.47% | -2.29% | -5.42% | -1,019 bps | |
| Net Interest Margin | 3.17% | 3.51% | 3.41% | 3.01% | 3.01% | 2.67% | 2.94% | 2.55% | -46 bps | |
| Efficiency Ratio | 88.54% | 85.92% | 83.38% | 86.74% | 89.20% | 111.00% | 106.43% | 124.02% | +3,728 bps | |
| Non-Interest Burden | 2.67% | 2.87% | 2.73% | 2.53% | 2.62% | 3.00% | 3.12% | 3.15% | +62 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -6.77% | 4.71% | 22.64% | 16.77% | 3.20% | -0.33% | -6.09% | -11.41% | -2,817 bps | |
| Loan Growth (YoY) | 0.95% | 9.83% | 22.42% | 16.28% | 8.27% | 4.37% | -5.83% | -5.65% | -2,193 bps | |
| Deposit Growth (YoY) | -1.53% | 1.55% | 20.92% | 35.25% | -0.28% | 3.37% | -9.00% | -26.43% | -6,169 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.16% | 1.10% | 1.12% | 0.99% | 0.96% | 1.00% | 1.00% | 1.02% | +3 bps | |
| Net Charge-Offs / Loans | -0.01% | -0.01% | 0.00% | -0.01% | 0.00% | 0.00% | 0.00% | 0.00% | +1 bps | |
| Allowance / Loans | 1.12% | 1.12% | 1.01% | 1.14% | 1.15% | 1.18% | 1.19% | 1.17% | +3 bps | |
| Allowance Coverage of NPLs | 1.0x | 1.0x | 0.9x | 1.2x | 1.2x | 1.2x | 1.2x | 1.2x | 0.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.89% | 9.72% | 9.19% | 8.81% | 9.14% | 9.51% | 9.41% | 9.37% | +57 bps | |
| Total Risk-Based Capital | 9.89% | 9.72% | 9.19% | 8.81% | 9.14% | 9.51% | 9.41% | 9.37% | +57 bps | |
| Equity / Assets | 9.50% | 9.13% | 8.67% | 8.56% | 9.43% | 9.32% | 9.36% | 9.62% | +107 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 115.35% | 112.07% | 110.37% | 94.17% | 125.25% | 113.15% | 114.21% | 120.78% | +2,660 bps | |
| Liquid Assets / Assets | 5.87% | 10.20% | 7.84% | 11.11% | 2.29% | 6.69% | 7.18% | 4.69% | -641 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |