Burlington, WA · Cert 57978
FDIC · 10 branches
Q2 2025
Market Position · Mount Vernon-Anacortes, WA · 2025 SOD (annual) · 9.0% share · #5 of 13 inst. · $0.3B of $3.5B
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 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.61% | 0.35% | 0.10% | 0.26% | 0.36% | 0.41% | 0.24% | 0.46% | +20 bps | |
| Return on Equity | 7.62% | 4.36% | 1.30% | 3.30% | 4.43% | 5.16% | 2.97% | 5.67% | +237 bps | |
| Net Interest Margin | 3.48% | 3.43% | 3.19% | 3.18% | 3.17% | 3.17% | 3.27% | 3.44% | +26 bps | |
| Efficiency Ratio | 85.19% | 90.55% | 91.91% | 87.05% | 84.99% | 83.60% | 85.15% | 78.17% | -888 bps | |
| Non-Interest Burden | 2.88% | 3.06% | 2.91% | 2.71% | 2.62% | 2.57% | 2.71% | 2.48% | -22 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 16.85% | 15.69% | 9.20% | 7.81% | 5.50% | 6.84% | 10.78% | 3.15% | -467 bps | |
| Loan Growth (YoY) | 19.29% | 12.51% | 9.58% | 9.51% | 4.59% | 5.89% | 7.16% | 2.96% | -654 bps | |
| Deposit Growth (YoY) | 6.84% | 13.80% | 6.11% | 4.27% | 5.50% | 7.23% | 4.88% | 4.10% | -17 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.09% | 0.06% | 0.35% | 0.24% | 0.26% | 0.27% | 0.27% | 0.96% | +72 bps | |
| Net Charge-Offs / Loans | 0.07% | 0.08% | 0.14% | 0.08% | 0.11% | 0.11% | 0.09% | 0.12% | +4 bps | |
| Allowance / Loans | 1.16% | 1.18% | 1.17% | 1.19% | 1.18% | 1.19% | 1.21% | 1.16% | -2 bps | |
| Allowance Coverage of NPLs | 12.2x | 18.7x | 3.3x | 4.9x | 4.6x | 4.5x | 4.5x | 1.2x | -3.7x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.24% | 8.11% | 8.06% | 8.27% | 8.19% | 8.27% | 8.34% | 8.72% | +45 bps | |
| Total Risk-Based Capital | 10.22% | 10.12% | 10.10% | 10.56% | 10.78% | 10.86% | 10.52% | 11.06% | +51 bps | |
| Equity / Assets | 7.93% | 7.94% | 7.80% | 8.03% | 8.28% | 8.17% | 7.88% | 8.40% | +37 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 99.28% | 99.14% | 99.91% | 102.85% | 98.42% | 97.90% | 102.09% | 101.73% | -112 bps | |
| Liquid Assets / Assets | 5.44% | 5.12% | 4.68% | 5.89% | 6.42% | 7.38% | 9.74% | 7.44% | +155 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |