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Independent Financial Network Bank

Coos Bay, OR · Cert 6016

FDIC

Q3 2001

$219.8MAssets
$138.3MLoans
$176.4MDeposits
$17.3MEquity
Loan mix
57%RE $41.3M42%C&I $30.3M2%Consumer $1.2MQ3 2000Q3 2001
Deposit mix
80%Interest-bearing $140.7M20%Noninterest $35.6MQ3 2000Q3 2001

NIM

7.50%Q1 ’017.46%Q2 ’017.26%Q3 ’01+2%0%

Non-interest income vs. expense

4.71%Q1 ’015.27%Q2 ’014.86%Q3 ’01-13%-5%

Executive Summary

  • Earnings: ROA of 1.28%, up 9 bps year over year; NIM at 4.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 78.41% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

1.28%+9 bps YoY

Net Interest Margin (quarter, annualized)

4.23%

Efficiency Ratio (quarter, annualized)

70.29%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets1.19%1.30%1.22%1.40%1.28%+9 bps
Return on Equityn/an/an/a17.27%16.23%n/a
Net Interest Marginn/an/a4.14%4.23%4.23%n/a
Efficiency Ration/an/a75.92%73.06%70.29%n/a
Non-Interest Burdenn/an/a2.64%2.29%2.18%n/a
Growth
Asset Growth (YoY)19.78%14.46%16.41%16.89%11.72%-805 bps
Loan Growth (YoY)12.71%7.71%11.49%20.57%18.41%+570 bps
Deposit Growth (YoY)16.49%14.04%9.55%16.58%10.12%-638 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.15%0.03%0.08%n/a
Allowance / Loansn/an/a1.21%1.04%1.09%n/a
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 Capitaln/an/a11.89%10.90%10.84%n/a
Equity / Assetsn/an/a8.39%7.89%7.85%n/a
Liquidity & Funding
Loans / Deposits72.92%73.51%75.87%81.40%78.41%+549 bps
Liquid Assets / Assets0.00%0.00%0.00%0.02%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a