Kitsap Bank

Kitsap Bank is headquartered in Port Orchard and is the 14^st largest bank in the state of Washington. It is also the 732^nd largest bank in the nation. It was established in 1908 and as of March of 2012, it had grown to 240 employees at 22 locations. Kitsap Bank's savings rates are 3X the national average, and it boasts a 5-star health rating.

Kitsap Bank Routing Number: 125102906

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Data for Q1 2012

Institution Statistics Kitsap Bank FDIC Certificate # 6161 BankRate Report View Year Established 1908 Employees 240 Primary Regulator FDIC Assets and Liabilities Assets $906.95 million Loans $427.38 million Deposits $775.63 million Equity Capital $103.97 million Loan Loss Allowance $7.60 million Unbacked Noncurrent Loans $4.14 million Real Estate Owned $3.65 million Historic Data - March 2011 Assets $890.39 million Equity Capital $91.14 million Loan Loss Allowance $7.04 million Unbacked Noncurrent Loans $4.12 million Real Estate Owned $6.40 million Profit Margin - Quarterly Net Interest Margin 3.51% Return on Assets 0.76% Return on Equity 6.75% Interest Income $8.40 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Kitsap Bank had $7.79 million in non-current loans and owned real-estate with $111.57 million in equity and loan loss allowances on hand to cover it. This gives Kitsap Bank a Texas Ratio of 6.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Kitsap Bank decreased slightly from 10.49% as of March 31, 2011 to 6.98% as of March 31, 2012, resulting in a positive change of 33.47%.This indicates that the balance sheet and financial strength for Kitsap Bank has improved slightly in recent periods. Deposit Growth In the past year, Kitsap Bank has increased its total deposits by $20.04 million, resulting in 2.65% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Kitsap Bank has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Kitsap Bank has $906.95 million in assets with $111.57 million in equity, resulting in a capitalization level of 12.30%, which is excellent.

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