PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Issaquah Community Bank

Issaquah, WA · Cert 58620

FDIC

Q2 2011

$147.5MAssets
$113.2MLoans
$128.9MDeposits
$14.6MEquity
Loan mix
71%RE $56.9M28%C&I $22.0M1%Consumer $1.0MQ2 2010Q2 2011
Deposit mix
82%Interest-bearing $105.5M18%Noninterest $23.4MQ2 2010Q2 2011

NIM

5.25%Q2 ’094.77%Q2 ’104.88%Q2 ’11+2%+16%

Non-interest income vs. expense

5.07%Q2 ’094.50%Q2 ’104.34%Q2 ’11-5%+8%

Executive Summary

  • Earnings: ROA of -0.65%, up 116 bps year over year; NIM at 4.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.18%.
  • Funding: loans stand at 87.85% of deposits as of Q2 2011.

Financial Results

Return on Assets (YTD, annualized)

-0.65%+116 bps YoY

Net Interest Margin (YTD, annualized)

4.03%+55 bps YoY

Efficiency Ratio (YTD, annualized)

117.45%-582 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-1.80%-1.13%-1.08%0.22%-0.65%+116 bps
Return on Equity-18.17%-11.31%-10.76%2.14%-6.31%+1,186 bps
Net Interest Margin3.48%3.65%3.81%4.06%4.03%+55 bps
Efficiency Ratio123.27%115.20%112.42%94.66%117.45%-582 bps
Non-Interest Burden4.32%4.23%4.31%3.84%4.67%+35 bps
Growth
Asset Growth (YoY)326%340%287%-14.28%-8.47%-33,419 bps
Loan Growth (YoY)333%310%309%-10.34%-6.17%-33,931 bps
Deposit Growth (YoY)354%359%292%-15.12%-8.68%-36,226 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.61%1.47%1.28%0.00%0.18%-43 bps
Allowance / Loans4.04%3.31%3.35%3.38%3.44%-60 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 Capital14.45%14.70%14.52%14.69%14.81%+37 bps
Equity / Assets9.59%10.03%10.38%10.38%9.92%+34 bps
Liquidity & Funding
Loans / Deposits85.50%88.68%94.66%93.01%87.85%+235 bps
Liquid Assets / Assets19.60%19.08%15.61%15.60%18.41%-119 bps
CRE / Total Capitaln/an/an/an/an/an/an/a