Everett, WA · Cert 58337
FDIC
Q4 2009
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2009, the quarter ended December 31, 2009, 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.
Everett, WA · Cert 58337
FDIC
Q4 2009
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 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -2.57% | -4.11% | -3.07% | -2.65% | -2.52% | -3.39% | -6.09% | -5.98% | -333 bps | |
| Return on Equity | -11.43% | -19.16% | -15.45% | -14.46% | -18.62% | -26.19% | -50.54% | -53.16% | -3,870 bps | |
| Net Interest Margin | 3.51% | 3.09% | 3.10% | 2.75% | 3.04% | 3.21% | 3.30% | 3.38% | +63 bps | |
| Efficiency Ratio | 172.89% | 174.74% | 163.83% | 152.81% | 125.60% | 117.46% | 115.10% | 116.92% | -3,589 bps | |
| Non-Interest Burden | 6.22% | 5.63% | 5.24% | 4.33% | 3.90% | 3.82% | 3.84% | 4.00% | -33 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 57.94% | 44.63% | 66.23% | 54.62% | 32.25% | 37.77% | 12.23% | -1.96% | -5,658 bps | |
| Loan Growth (YoY) | 52.82% | 59.44% | 58.24% | 39.66% | 28.12% | 30.21% | 17.51% | 6.59% | -3,307 bps | |
| Deposit Growth (YoY) | 94.02% | 72.29% | 102.12% | 77.07% | 44.58% | 51.04% | 21.27% | 4.55% | -7,252 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 3.46% | 2.08% | 1.48% | 0.16% | 0.80% | 0.62% | 0.60% | -88 bps | |
| Allowance / Loans | 1.87% | 1.64% | 1.59% | 2.03% | 2.83% | 4.12% | 3.16% | 4.66% | +263 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | 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 | n/a | n/a | n/a |
| Total Risk-Based Capital | 20.80% | 18.11% | 16.53% | 15.56% | 13.87% | 11.73% | 12.61% | 11.58% | -398 bps | |
| Equity / Assets | 20.55% | 19.50% | 16.11% | 13.80% | 13.21% | 11.83% | 9.33% | 7.99% | -581 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 103.30% | 108.71% | 97.32% | 87.79% | 91.54% | 93.72% | 94.30% | 89.50% | +171 bps | |
| Liquid Assets / Assets | 0.04% | 0.05% | 0.05% | 19.28% | 17.27% | 14.17% | 13.61% | 17.70% | -157 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |