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Washington Mutual Bank

Seattle, WA · Cert 9576

FDIC

Q4 2004

$26.8BAssets
$21.8BLoans
$22.3BDeposits
n/aEquity
Loan mix
94%RE $21.1B6%C&I $1.2B0%Consumer $0.1BQ4 2003Q4 2004
Deposit mix
97%Interest-bearing $22.1B3%Noninterest $0.6BQ4 2003Q4 2004

NIM

5.97%Q4 ’024.28%Q3 ’033.95%Q3 ’04-25%-7%

Non-interest income vs. expense

3.59%Q4 ’022.29%Q3 ’033.03%Q3 ’04-72%+120%

Executive Summary

  • Earnings: ROA of 0.93%, down 68 bps year over year.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Funding: loans stand at 97.74% of deposits as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

0.93%-68 bps YoY

Net Interest Margin (YTD, annualized)

n/a

Efficiency Ratio (YTD, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets1.62%0.76%0.80%0.89%0.93%-68 bps
Return on Equity23.64%11.97%12.21%13.51%n/an/a
Net Interest Margin3.11%2.76%2.72%2.71%n/an/a
Efficiency Ratio54.56%75.48%72.62%70.08%n/an/a
Non-Interest Burden0.88%1.71%1.59%1.42%n/an/a
Growth
Asset Growth (YoY)9.74%3.15%-14.85%-10.95%-8.70%-1,845 bps
Loan Growth (YoY)22.37%14.19%-11.60%-6.34%-5.24%-2,762 bps
Deposit Growth (YoY)20.11%15.66%8.89%1.06%1.07%-1,904 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.27%0.13%0.12%0.11%n/an/a
Allowance / Loansn/an/an/an/an/an/an/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 Capital11.23%11.10%11.43%11.79%n/an/a
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits104.25%108.96%102.00%102.24%97.74%-652 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a