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Core Business Bank

Bellevue, WA · Cert 58720

FDIC

Q1 2013

$62.4MAssets
$33.2MLoans
$55.2MDeposits
$6.4MEquity
Loan mix
60%RE $17.4M40%C&I $11.5M0%Consumer $0.1MQ1 2012Q1 2013
Deposit mix
81%Interest-bearing $44.6M19%Noninterest $10.5MQ1 2012Q1 2013

NIM

3.43%Q1 ’114.78%Q1 ’123.77%Q1 ’13+56%-22%

Non-interest income vs. expense

5.53%Q1 ’114.78%Q1 ’123.60%Q1 ’13-21%-11%

Executive Summary

  • Earnings: ROA of 0.24%, down 13 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.36%.
  • Funding: loans stand at 60.09% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

0.24%-13 bps YoY

Net Interest Margin (quarter, annualized)

3.20%-93 bps YoY

Efficiency Ratio (quarter, annualized)

109.00%+1,277 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.37%0.24%-0.44%0.65%0.24%-13 bps
Return on Equity3.23%2.21%-4.37%6.62%2.37%-87 bps
Net Interest Margin4.13%3.70%3.68%3.24%3.20%-93 bps
Efficiency Ratio96.23%88.06%99.00%91.34%109.00%+1,277 bps
Non-Interest Burden3.95%3.04%3.65%2.89%3.50%-45 bps
Growth
Asset Growth (YoY)10.54%14.98%22.82%15.65%11.25%+71 bps
Loan Growth (YoY)55.66%53.00%31.17%0.00%-5.06%-6,072 bps
Deposit Growth (YoY)11.81%16.06%26.51%17.54%11.70%-11 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.29%-0.09%-0.04%-0.19%-0.36%-65 bps
Allowance / Loans1.90%2.12%2.15%2.55%2.37%+47 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 Capital24.32%24.31%22.27%25.48%27.03%+271 bps
Equity / Assets11.23%10.43%9.61%10.00%10.32%-91 bps
Liquidity & Funding
Loans / Deposits70.70%65.69%65.41%57.63%60.09%-1,061 bps
Liquid Assets / Assets8.95%18.22%10.12%17.47%17.16%+821 bps
CRE / Total Capitaln/an/an/an/an/an/an/a