Whidbey Island Bank

Whidbey Island Bank is headquartered in Coupeville and is the 9^th largest bank in the state of Washington. It is also the 400^th largest bank in the nation. It was established in 1961 and as of March of 2012, it had grown to 460 employees at 32 locations. Whidbey Island Bank has a 4-star health rating.

Data for Q1 2012

Institution Statistics Whidbey Island Bank FDIC Certificate # 18412 BankRate Report View Year Established 1961 Employees 460 Primary Regulator FDIC Assets and Liabilities Assets $1.69 billion Loans $1.07 billion Deposits $1.49 billion Equity Capital $192.15 million Loan Loss Allowance $18.68 million Unbacked Noncurrent Loans $22.41 million Real Estate Owned $1.83 million Historic Data - March 2011 Assets $1.68 billion Equity Capital $176.11 million Loan Loss Allowance $19.24 million Unbacked Noncurrent Loans $29.10 million Real Estate Owned $4.85 million Profit Margin - Quarterly Net Interest Margin 5.79% Return on Assets 1.2% Return on Equity 10.55% Interest Income $23.25 million

Institution Health Overall Score: 4 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 Whidbey Island Bank had $24.24 million in non-current loans and owned real-estate with $210.83 million in equity and loan loss allowances on hand to cover it. This gives Whidbey Island Bank a Texas Ratio of 11.50% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Whidbey Island Bank decreased slightly from 17.57% as of March 31, 2011 to 11.50% as of March 31, 2012, resulting in a positive change of 34.55%.This indicates that the balance sheet and financial strength for Whidbey Island Bank has improved slightly in recent periods. Deposit Growth In the past year, Whidbey Island Bank has decreased its total deposits by -$7.96 million, resulting in -0.53% 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 Whidbey Island Bank has shown is 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. Whidbey Island Bank has $1.69 billion in assets with $210.83 million in equity, resulting in a capitalization level of 12.44%, which is excellent.

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