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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 $0.1BQ1 2003Q4 2004
Deposit mix
97%Interest-bearing $22.1B3%Noninterest $0.6BQ1 2003Q4 2004

Executive Summary

  • Earnings: ROA of 0.93%, down 31 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.

Return on Assets (quarter, annualized)

0.93%-31 bps YoY

Net Interest Margin (quarter, annualized)

n/a

Efficiency Ratio (quarter, annualized)

n/a

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.59%Q4 ’024.25%Q3 ’033.93%Q3 ’04-22%-8%

Non-interest income vs. expense

3.76%Q4 ’022.27%Q3 ’033.01%Q3 ’04-69%+46%

Discrete quarter, annualized.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets2.16%1.32%1.68%1.25%0.76%0.83%1.08%0.93%-31 bps
Return on Equity25.67%18.60%29.10%21.18%11.97%12.42%15.94%n/an/a
Net Interest Margin3.71%3.21%2.87%2.75%2.76%2.69%2.63%n/an/a
Efficiency Ratio39.66%59.43%51.32%69.89%75.48%69.59%65.48%n/an/a
Non-Interest Burden0.06%1.25%0.71%1.38%1.71%1.47%1.04%n/an/a
Growth
Asset Growth (YoY)1.20%25.58%17.62%9.74%3.15%-14.85%-10.95%-8.70%-1,845 bps
Loan Growth (YoY)13.14%44.45%32.41%22.37%14.19%-11.60%-6.34%-5.24%-2,762 bps
Deposit Growth (YoY)14.26%22.55%26.79%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.27%0.29%0.24%0.23%0.13%0.10%0.10%n/an/a
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital14.42%11.59%10.82%11.23%11.10%11.43%11.79%n/an/a
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits110.36%125.64%110.32%104.25%108.96%102.00%102.24%97.74%-652 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a