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Fortune Bank

Seattle, WA · Cert 58437

FDIC

Q3 2013

$143.6MAssets
$106.5MLoans
$123.9MDeposits
$19.3MEquity
Loan mix
63%RE $53.8M36%C&I $30.5M0%Consumer $0.4MQ3 2012Q3 2013
Deposit mix
66%Interest-bearing $82.2M34%Noninterest $41.8MQ3 2012Q3 2013

NIM

4.14%Q3 ’114.80%Q3 ’123.85%Q3 ’13+27%-18%

Non-interest income vs. expense

4.02%Q3 ’114.90%Q3 ’124.18%Q3 ’13+22%+2%

Executive Summary

  • Earnings: ROA of 2.53%, up 207 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.49%.
  • Funding: loans stand at 85.90% of deposits as of Q3 2013.

Financial Results

Return on Assets (YTD, annualized)

2.53%+207 bps YoY

Net Interest Margin (YTD, annualized)

3.56%-77 bps YoY

Efficiency Ratio (YTD, annualized)

95.47%+1,288 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.46%0.40%7.31%3.74%2.53%+207 bps
Return on Equity3.91%3.43%58.15%28.92%19.39%+1,548 bps
Net Interest Margin4.33%3.92%3.62%3.53%3.56%-77 bps
Efficiency Ratio82.59%82.53%93.25%94.91%95.47%+1,288 bps
Non-Interest Burden3.30%2.99%3.31%3.30%3.37%+7 bps
Growth
Asset Growth (YoY)-11.83%0.92%5.20%6.19%6.30%+1,813 bps
Loan Growth (YoY)0.98%4.79%5.17%3.31%2.40%+141 bps
Deposit Growth (YoY)-13.98%0.70%2.87%3.80%5.12%+1,910 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.75%1.07%0.40%0.76%0.49%-26 bps
Allowance / Loans1.74%1.57%1.53%1.34%1.30%-43 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 Capital17.79%17.22%17.15%16.74%16.04%-175 bps
Equity / Assets12.20%11.55%13.61%13.62%13.45%+125 bps
Liquidity & Funding
Loans / Deposits88.19%86.88%89.79%85.76%85.90%-229 bps
Liquid Assets / Assets14.36%16.45%13.89%12.68%0.88%-1,348 bps
CRE / Total Capitaln/an/an/an/an/an/an/a