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Bank of Bellevue

Bellevue, WA · Cert 58002

FDIC

Q4 2009

$53.3MAssets
$39.9MLoans
$48.4MDeposits
$4.8MEquity
Loan mix
59%RE $16.5M41%C&I $11.6M0%Consumer $0.1MQ4 2008Q4 2009
Deposit mix
84%Interest-bearing $40.4M16%Noninterest $7.9MQ4 2008Q4 2009

NIM

7.24%Q4 ’075.07%Q4 ’084.17%Q4 ’09-35%+2%

Non-interest income vs. expense

4.93%Q4 ’073.34%Q4 ’083.38%Q4 ’09-32%+2%

Executive Summary

  • Earnings: ROA of -2.84%, down 307 bps year over year; NIM at 2.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 82.48% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

-2.84%-307 bps YoY

Net Interest Margin (quarter, annualized)

2.91%+5 bps YoY

Efficiency Ratio (quarter, annualized)

114.75%-2 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets0.23%-1.89%-2.91%-6.04%-2.84%-307 bps
Return on Equity1.90%-16.10%-26.26%-60.60%-31.16%-3,306 bps
Net Interest Margin2.86%3.23%3.14%2.48%2.91%+5 bps
Efficiency Ratio114.77%110.15%106.61%125.67%114.75%-2 bps
Non-Interest Burden3.29%3.56%3.34%3.12%3.35%+6 bps
Growth
Asset Growth (YoY)23.77%32.75%13.49%6.26%-4.60%-2,837 bps
Loan Growth (YoY)30.71%28.46%2.49%-13.64%-18.31%-4,902 bps
Deposit Growth (YoY)28.45%39.83%17.22%10.46%-1.13%-2,958 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.14%5.16%0.00%0.26%+19 bps
Allowance / Loans1.74%2.45%2.96%2.52%3.35%+161 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital13.25%12.87%13.66%14.42%13.81%+57 bps
Equity / Assets12.11%11.34%10.80%9.16%9.08%-304 bps
Liquidity & Funding
Loans / Deposits99.83%95.90%83.87%78.93%82.48%-1,735 bps
Liquid Assets / Assets10.80%12.72%22.71%24.79%23.37%+1,257 bps
CRE / Total Capitaln/an/an/an/an/an/an/a