EXHIBIT 99.2
UMPQUA HOLDINGS CORPORATION | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Statistical Supplement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in thousands, except share data and ratios: unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3rd Qtr | 2nd Qtr | 1st Qtr | 4th Qtr | 3rd Qtr | 2nd Qtr | 1st Qtr | 4th Qtr | 3rd Qtr | 2nd Qtr | 1st Qtr | ||||||||||||||||||||||||||||||||||||||||||||||||||
2005 | 2005 | 2005 | 2004 | 2004 | 2004 | 2004 | 2003 | 2003 | 2003 | 2003 | YTD 9/2005 | 2004 | 2003 | 2002 | ||||||||||||||||||||||||||||||||||||||||||||||
Income Statement Data | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest income | $ 73,221 | $ 67,663 | $ | 64,474 | $ | 63,240 | $ | 59,265 | $ | 38,646 | $ | 36,907 | $ | 36,608 | $ 35,927 | $ | 34,281 | $ | 35,317 | $ | 205,358 | $ | 198,058 | $ | 142,132 | $ | 100,325 | |||||||||||||||||||||||||||||||||
Interest expense | 19,420 | 16,581 | 14,624 | 13,566 | 11,856 | 7,557 | 7,392 | 6,804 | 6,839 | 7,480 | 7,738 | 50,625 | 40,371 | 28,860 | 23,797 | |||||||||||||||||||||||||||||||||||||||||||||
Net interest income | 53,801 | 51,082 | 49,850 | 49,674 | 47,409 | 31,089 | 29,515 | 29,804 | 29,088 | 26,801 | 27,579 | 154,733 | 157,687 | 113,272 | 76,528 | |||||||||||||||||||||||||||||||||||||||||||||
Provision for credit losses | - | 1,400 | 1,000 | 3,667 | 1,479 | 1,100 | 1,075 | 1,075 | 1,050 | 950 | 1,475 | 2,400 | 7,321 | 4,550 | 3,888 | |||||||||||||||||||||||||||||||||||||||||||||
Net interest income after provision for credit losses | 53,801 | 49,682 | 48,850 | 46,007 | 45,930 | 29,989 | 28,440 | �� | 28,729 | 28,038 | 25,851 | 26,104 | 152,333 | 150,367 | 108,722 | 72,640 | ||||||||||||||||||||||||||||||||||||||||||||
Service fees | 5,778 | 5,426 | 4,822 | 5,434 | 5,570 | 3,273 | 3,127 | 3,188 | 3,256 | 3,198 | 2,914 | 16,026 | 17,404 | 12,556 | 8,640 | |||||||||||||||||||||||||||||||||||||||||||||
Brokerage fees & commissions | 2,735 | 2,879 | 3,129 | 3,188 | 2,736 | 3,014 | 2,891 | 2,554 | 2,635 | 2,370 | 1,939 | 8,743 | 11,829 | 9,498 | 9,012 | |||||||||||||||||||||||||||||||||||||||||||||
Mortgage banking revenue, net | 3,256 | 228 | 1,350 | 1,665 | 1,942 | 2,399 | 1,649 | 1,200 | 3,160 | 2,834 | 4,279 | 4,834 | 7,655 | 11,473 | 9,073 | |||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on sale of securities | 28 | 1,398 | - | - | 13 | 6 | - | 2 | 10 | 2,136 | 7 | 1,426 | 19 | 2,155 | (497) | |||||||||||||||||||||||||||||||||||||||||||||
Other income (3) | 1,985 | 1,993 | 1,301 | 7,930 | 1,412 | 716 | 793 | 760 | 455 | 1,100 | 1,045 | 5,279 | 10,851 | 3,361 | 2,113 | |||||||||||||||||||||||||||||||||||||||||||||
Total noninterest income | 13,782 | 11,924 | 10,602 | 18,217 | 11,673 | 9,408 | 8,460 | 7,704 | 9,516 | 11,638 | 10,184 | 36,308 | 47,758 | 39,043 | 28,341 | |||||||||||||||||||||||||||||||||||||||||||||
Salaries and employee benefits | 20,708 | 20,361 | 20,279 | 20,248 | 19,685 | 13,753 | 13,665 | 13,583 | 13,438 | 13,171 | 12,899 | 61,348 | 67,351 | 53,090 | 37,117 | |||||||||||||||||||||||||||||||||||||||||||||
Occupancy and equipment | 6,291 | 6,109 | 6,133 | 5,809 | 5,688 | 4,153 | 4,115 | 3,770 | 3,534 | 3,947 | 3,582 | 18,533 | 19,765 | 14,834 | 9,596 | |||||||||||||||||||||||||||||||||||||||||||||
Other non interest expense | 10,084 | 9,791 | 8,922 | 9,820 | 10,150 | 6,550 | 5,946 | 6,077 | 6,332 | 6,760 | 6,093 | 28,797 | 32,466 | 25,263 | 17,249 | |||||||||||||||||||||||||||||||||||||||||||||
Total noninterest expense | 37,083 | 36,261 | 35,334 | 35,877 | 35,523 | 24,456 | 23,726 | 23,430 | 23,304 | 23,878 | 22,574 | 108,678 | 119,582 | 93,187 | 63,962 | |||||||||||||||||||||||||||||||||||||||||||||
Income before income tax & merger expense | 30,500 | 25,345 | 24,118 | 28,347 | 22,080 | 14,941 | 13,174 | 13,003 | 14,250 | 13,611 | 13,714 | 79,963 | 78,542 | 54,578 | 37,020 | |||||||||||||||||||||||||||||||||||||||||||||
Provision for income taxes | 10,577 | 9,243 | 9,038 | 10,383 | 7,301 | 5,464 | 4,645 | 4,412 | 4,983 | 4,807 | 4,925 | 28,858 | 27,793 | 19,127 | 13,332 | |||||||||||||||||||||||||||||||||||||||||||||
Net income before merger expenses | $ 19,923 | $ 16,102 | $ | 15,080 | $ | 17,964 | $ | 14,779 | $ | 9,477 | $ | 8,529 | $ | 8,591 | $ | 9,267 | $ | 8,804 | $ | 8,789 | $ | 51,105 | $ | 50,749 | $ | 35,451 | $ | 23,689 | ||||||||||||||||||||||||||||||||
Merger expenses net of tax benefit | - | 96 | 61 | 1,695 | 1,411 | 346 | 131 | - | 251 | 672 | 409 | 157 | 3,583 | 1,332 | 1,721 | |||||||||||||||||||||||||||||||||||||||||||||
Net income | $ 19,923 | $ 16,006 | $ | 15,019 | $ | 16,269 | $ | 13,368 | $ | 9,131 | $ | 8,398 | $ | 8,591 | $ | 9,016 | $ | 8,132 | $ | 8,380 | $ | 50,948 | $ | 47,166 | $ | 34,119 | $ | 21,968 | ||||||||||||||||||||||||||||||||
Share Data | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Before Merger Expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic earnings per common share | $ | 0.45 | $ | 0.36 | $ | 0.34 | $ | 0.41 | $ | 0.35 | $ | 0.33 | $ | 0.30 | $ | 0.30 | $ | 0.33 | $ | 0.31 | $ | 0.31 | $ | 1.15 | $ | 1.42 | $ | 1.25 | $ | 1.13 | ||||||||||||||||||||||||||||||
Diluted earnings per common share | $ | 0.44 | $ | 0.36 | $ | 0.34 | $ | 0.40 | $ | 0.34 | $ | 0.33 | $ | 0.30 | $ | 0.30 | $ | 0.32 | $ | 0.31 | $ | 0.31 | $ | 1.14 | $ | 1.40 | $ | 1.24 | $ | 1.11 | ||||||||||||||||||||||||||||||
After Merger Expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic earnings per common share | $ | 0.45 | $ | 0.36 | $ | 0.34 | $ | 0.37 | $ | 0.32 | $ | 0.32 | $ | 0.30 | $ | 0.30 | $ | 0.32 | $ | 0.29 | $ | 0.30 | $ | 1.15 | $ | 1.32 | $ | 1.21 | $ | 1.04 | ||||||||||||||||||||||||||||||
Diluted earnings per common share | $ | 0.44 | $ | 0.36 | $ | 0.33 | $ | 0.36 | $ | 0.31 | $ | 0.32 | $ | 0.29 | $ | 0.30 | $ | 0.31 | $ | 0.28 | $ | 0.29 | $ | 1.13 | $ | 1.30 | $ | 1.19 | $ | 1.03 | ||||||||||||||||||||||||||||||
Tangible book value per common share | $ | 7.19 | $ | 6.92 | $ | 6.51 | $ | 6.31 | $ | 5.97 | $ | 5.76 | $ | 5.99 | $ | 5.61 | $ | 5.36 | $ | 5.10 | $ | 4.86 | $ | 7.19 | $ | 6.31 | $ | 5.61 | $ | 4.55 | ||||||||||||||||||||||||||||||
Book value per common share | $ | 16.34 | $ | 16.08 | $ | 15.68 | $ | 15.55 | $ | 15.28 | $ | 11.41 | $ | 11.59 | $ | 11.23 | $ | 11.00 | $ | 10.77 | $ | 10.57 | $ | 16.34 | $ | 15.55 | $ | 11.23 | $ | 10.30 | ||||||||||||||||||||||||||||||
Cash dividends per common share | $ | 0.08 | $ | 0.06 | $ | 0.06 | $ | 0.06 | $ | 0.06 | $ | 0.06 | $ | 0.04 | $ | 0.04 | $ | 0.04 | $ | 0.04 | $ | 0.04 | $ | 0.20 | $ | 0.22 | $ | 0.16 | $ | 0.16 | ||||||||||||||||||||||||||||||
Ratio of dividends declared to net income | 17.87% | 16.71% | 17.77% | 16.30% | 19.74% | 18.54% | 13.57% | 13.23% | 12.59% | 13.92% | 13.50% | 17.48% | 17.22% | 13.29% | 16.09% | |||||||||||||||||||||||||||||||||||||||||||||
Shares outstanding | 44,476,104 | 44,453,407 | 44,434,655 | 44,211,075 | 43,979,674 | 28,219,677 | 28,489,267 | 28,411,816 | 28,365,814 | 28,331,279 | 28,234,620 | 44,476,104 | 44,211,075�� | 28,411,816 | 27,980,591 | |||||||||||||||||||||||||||||||||||||||||||||
Basic weighted average shares of common stock outstanding | 44,467,888 | 44,436,323 | 44,330,626 | 44,121,546 | 42,149,082 | 28,339,080 | 28,445,316 | 28,389,064 | 28,343,696 | 28,283,843 | 28,157,475 | 44,412,115 | 35,804,038 | 28,294,291 | 21,054,351 | |||||||||||||||||||||||||||||||||||||||||||||
Common stock equivalents | 553,991 | 551,999 | 631,877 | 749,393 | 740,631 | 325,199 | 373,883 | 413,101 | 359,195 | 384,083 | 412,669 | 572,077 | 541,405 | 371,779 | 251,686 | |||||||||||||||||||||||||||||||||||||||||||||
Fully diluted weighted average shares of common stock outstanding | 45,021,879 | 44,988,322 | 44,962,503 | 44,870,939 | 42,889,713 | 28,664,279 | 28,819,200 | 28,802,165 | 28,702,891 | 28,667,926 | 28,570,144 | 44,984,192 | 36,345,443 | 28,666,070 | 21,306,037 | |||||||||||||||||||||||||||||||||||||||||||||
Reconciliation of core earnings per diluted share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income per diluted share | $ | 0.44 | $ | 0.36 | $ | 0.33 | $ | 0.36 | $ | 0.31 | $ | 0.32 | $ | 0.29 | $ | 0.30 | $ | 0.31 | $ | 0.28 | $ | 0.29 | $ | 1.13 | $ | 1.30 | $ | 1.19 | $ | 1.03 | ||||||||||||||||||||||||||||||
less non-core items, after tax: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MSR valuation recovery (impairment) | $ | 0.01 | $ | (0.03) $ | - | $ | - | $ | - | $ | 0.01 | $ | 0.01 | $ | - | $ | 0.02 | $ | (0.02) $ | - | $ | (0.02) $ | 0.01 | $ | - | $ | (0.02) | |||||||||||||||||||||||||||||||||
Securities gains | $ | - | $ | 0.02 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 0.05 | $ | - | $ | 0.02 | $ | - | $ | 0.05 | $ | (0.01) | ||||||||||||||||||||||||||||||
Corporate state tax credit | $ | 0.01 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 0.01 | $ | - | $ | - | $ | - | ||||||||||||||||||||||||||||||
Gain on sale of discontinued operation | $ | - | $ | - | $ | - | $ | 0.08 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 0.09 | $ | - | $ | - | ||||||||||||||||||||||||||||||
Income from discontinued operation | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 0.01 | $ | - | $ | 0.01 | $ | 0.01 | $ | 0.01 | $ | 0.01 | $ | - | $ | 0.01 | $ | 0.02 | $ | 0.02 | ||||||||||||||||||||||||||||||
Merger related expense | $ | - | $ | - | $ | (0.01) $ | (0.04) $ | (0.03) $ | (0.01) $ | (0.01) $ | - | $ | (0.01) $ | (0.03) $ | (0.02) $ | - | $ | (0.10) $ | (0.05) $ | (0.08) | ||||||||||||||||||||||||||||||||||||||||
Core earnings, excluding items below | $ | 0.42 | $ | 0.37 | $ | 0.34 | $ | 0.32 | $ | 0.34 | $ | 0.31 | $ | 0.29 | $ | 0.29 | $ | 0.29 | $ | 0.27 | $ | 0.30 | $ | 1.12 | $ | 1.29 | $ | 1.17 | $ | 1.12 | ||||||||||||||||||||||||||||||
Balance Sheet Data (at period end) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment securities | $ 708,737 | $ 585,033 | $ | 652,849 | $ | 689,368 | $ | 752,417 | $ | 574,009 | $ | 518,496 | $ | 517,781 | $ 422,973 | $ | 370,878 | $ | 374,000 | $ | 708,737 | $ | 689,368 | $ | 517,781 | $ | 349,615 | |||||||||||||||||||||||||||||||||
Loans & leases, gross (excl held-for-sale) | 3,696,820 | 3,612,004 | 3,532,061 | 3,467,904 | 3,323,137 | 2,152,417 | 2,073,875 | 2,003,587 | 1,935,482 | 1,877,238 | 1,823,311 | 3,696,820 | 3,467,904 | 2,003,587 | 1,778,315 | |||||||||||||||||||||||||||||||||||||||||||||
Less: Allowance for credit losses | 43,603 | 44,510 | 45,360 | 44,229 | 43,374 | 27,319 | 26,287 | 25,352 | 25,312 | 25,316 | 24,538 | 43,603 | 44,229 | 25,352 | 24,731 | |||||||||||||||||||||||||||||||||||||||||||||
Loans & leases, net (excl held-for-sale) | 3,653,217 | 3,567,494 | 3,486,701 | 3,423,675 | 3,279,763 | 2,125,098 | 2,047,588 | 1,978,235 | 1,910,170 | 1,851,922 | 1,798,773 | 3,653,217 | 3,423,675 | 1,978,235 | 1,753,584 | |||||||||||||||||||||||||||||||||||||||||||||
Intangible assets | 407,059 | 407,072 | 407,788 | 408,460 | 409,516 | 159,575 | 159,661 | 159,585 | 160,012 | 160,547 | 161,181 | 407,059 | 408,460 | 159,585 | 160,967 | |||||||||||||||||||||||||||||||||||||||||||||
Total assets | 5,186,382 | 5,038,615 | 4,981,654 | 4,873,035 | 4,944,340 | 3,153,291 | 2,997,782 | 2,963,815 | 2,811,195 | 2,747,057 | 2,645,915 | 5,186,382 | 4,873,035 | 2,963,815 | 2,555,964 | |||||||||||||||||||||||||||||||||||||||||||||
Total deposits | 4,092,966 | 3,972,920 | 3,953,670 | 3,799,107 | 3,919,271 | 2,479,115 | 2,428,926 | 2,378,192 | 2,263,211 | 2,282,909 | 2,178,769 | 4,092,966 | 3,799,107 | 2,378,192 | 2,103,790 | |||||||||||||||||||||||||||||||||||||||||||||
Total shareholders' equity | 726,764 | 714,737 | 696,947 | 687,613 | 671,977 | 322,039 | 330,237 | 318,969 | 311,987 | 305,104 | 298,469 | 726,764 | 687,613 | 318,969 | 288,159 | |||||||||||||||||||||||||||||||||||||||||||||
Balance Sheet Data (averages) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans & leases, gross (excl held-for-sale) | $ 3,640,617 | $ 3,555,336 | $ 3,475,172 | $ 3,388,503 | $ 3,158,363 | $ 2,125,031 | $ 2,033,357 | $ | 1,945,568 | $ 1,900,862 | $ 1,827,360 | $ 1,796,875 | $ | 3,557,648 | $ | 2,679,576 | $ | 1,868,165 | $ | 1,134,832 | ||||||||||||||||||||||||||||||||||||||||
Loans held for sale | 18,021 | 15,463 | 13,735 | 22,831 | 29,915 | 29,245 | 25,100 | 39,868 | 72,831 | 40,678 | 34,298 | 15,756 | 26,770 | 47,005 | 22,592 | |||||||||||||||||||||||||||||||||||||||||||||
Earning assets | 4,382,499 | 4,286,972 | 4,215,935 | 4,205,698 | 4,015,604 | 2,751,467 | 2,581,349 | 2,499,933 | 2,412,628 | 2,296,639 | 2,223,745 | 4,295,746 | 3,392,475 | 2,359,142 | 1,449,250 | |||||||||||||||||||||||||||||||||||||||||||||
Total assets | 5,088,738 | 4,980,367 | 4,908,401 | 4,918,386 | 4,693,725 | 3,106,392 | 2,941,964 | 2,863,045 | 2,759,590 | 2,636,203 | 2,579,051 | 4,993,162 | 3,919,985 | 2,710,388 | 1,614,775 | |||||||||||||||||||||||||||||||||||||||||||||
Non interest bearing demand deposits | 1,007,113 | 949,610 | 894,916 | 935,648 | 875,741 | 607,543 | 571,131 | 585,655 | 583,422 | 531,779 | 473,501 | 950,957 | 748,380 | 544,006 | 309,502 | |||||||||||||||||||||||||||||||||||||||||||||
Interest bearing deposits | 3,049,773 | 3,008,406 | 2,927,914 | 2,920,903 | 2,761,381 | 1,861,619 | 1,813,598 | 1,737,365 | 1,658,570 | 1,644,151 | 1,631,155 | 2,995,811 | 2,342,117 | 1,688,076 | 1,054,922 | |||||||||||||||||||||||||||||||||||||||||||||
Interest bearing liabilities | 3,308,962 | 3,273,642 | 3,264,258 | 3,255,602 | 3,143,938 | 2,145,309 | 2,021,049 | 1,937,556 | 1,843,889 | 1,772,521 | 1,760,894 | 3,282,451 | 2,644,525 | 1,829,240 | 1,124,753 | |||||||||||||||||||||||||||||||||||||||||||||
Total shareholders' equity | 717,827 | 704,466 | 693,551 | 679,387 | 628,667 | 327,064 | 324,191 | 314,184 | 305,751 | 301,314 | 292,767 | 705,371 | 490,724 | 303,569 | 161,774 | |||||||||||||||||||||||||||||||||||||||||||||
UMPQUA HOLDINGS CORPORATION | ||||||||||||||||||||||||||||||
Statistical Supplement | ||||||||||||||||||||||||||||||
(in thousands, except share data and ratios: unaudited) | ||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||
3rd Qtr | 2nd Qtr | 1st Qtr | 4th Qtr | 3rd Qtr | 2nd Qtr | 1st Qtr | 4th Qtr | 3rd Qtr | 2nd Qtr | 1st Qtr | ||||||||||||||||||||
2005 | 2005 | 2005 | 2004 | 2004 | 2004 | 2004 | 2003 | 2003 | 2003 | 2003 | YTD 9/2005 | 2004 | 2003 | 2002 | ||||||||||||||||
Other Financial Data | ||||||||||||||||||||||||||||||
Total loan charge-offs | $ 3,289 | $ 3,239 | $ 612 | $ 3,443 | $ 2,124 | $ 415 | $ 447 | $ 1,591 | $ 2,045 | $ 466 | $ 1,975 | $ 7,140 | $ 6,429 | $ 6,077 | $ 2,792 | |||||||||||||||
Total loan recoveries | 2,382 | 989 | 743 | 631 | 659 | 347 | 307 | 556 | 991 | 294 | 307 | 4,114 | 1,944 | 2,148 | 558 | |||||||||||||||
Net loan charge-offs (recoveries) | 907 | 2,250 | (131) | 2,812 | 1,465 | 68 | 140 | 1,035 | 1,054 | 172 | 1,668 | 3,026 | 4,485 | 3,929 | 2,234 | |||||||||||||||
Loans 90 days past due and still accruing | 537 | 1,148 | 2,240 | 737 | 497 | 704 | 1,246 | 927 | 533 | 1,112 | 963 | 537 | 737 | 927 | 3,243 | |||||||||||||||
Non-accrual loans | 7,720 | 19,458 | 21,420 | 21,836 | 27,299 | 11,648 | 10,554 | 10,498 | 12,861 | 20,767 | 16,853 | 7,720 | 21,836 | 10,498 | 15,152 | |||||||||||||||
Total nonperforming loans | 8,257 | 20,606 | 23,660 | 22,573 | 27,796 | 12,352 | 11,800 | 11,425 | 13,394 | 21,879 | 17,816 | 8,257 | 22,573 | 11,425 | 18,395 | |||||||||||||||
Other real estate owned | 213 | 213 | 213 | 979 | 641 | 724 | 1,711 | 2,529 | 2,452 | 2,504 | 3,430 | 213 | 979 | 2,529 | 2,209 | |||||||||||||||
Nonperforming assets | 8,470 | 20,819 | 23,873 | 23,552 | 28,437 | 13,076 | 13,511 | 13,954 | 15,846 | 24,383 | 21,246 | 8,470 | 23,552 | 13,954 | 20,604 | |||||||||||||||
Selected Ratios | ||||||||||||||||||||||||||||||
Net Income Before Merger Expenses: | ||||||||||||||||||||||||||||||
Return on average total assets (annualized) | 1.55% | 1.30% | 1.25% | 1.45% | 1.25% | 1.23% | 1.17% | 1.19% | 1.33% | 1.34% | 1.38% | 1.37% | 1.29% | 1.31% | 1.47% | |||||||||||||||
Return on average tangible assets (annualized) | 1.69% | 1.41% | 1.36% | 1.58% | 1.36% | 1.29% | 1.23% | 1.28% | 1.43% | 1.43% | 1.46% | 1.49% | 1.39% | 1.39% | 1.51% | |||||||||||||||
Return on average total shareholders' equity (annualized) | 11.01% | 9.17% | 8.82% | 10.52% | 9.35% | 11.65% | 10.58% | 10.85% | 12.02% | 11.72% | 12.17% | 9.69% | 10.34% | 11.68% | 14.64% | |||||||||||||||
Return on average tangible shareholders' equity (annualized) | 25.43% | 21.74% | 21.43% | 26.46% | 24.11% | 22.76% | 20.84% | 22.10% | 25.31% | 25.19% | 27.04% | 22.94% | 23.97% | 24.80% | 19.76% | |||||||||||||||
Efficiency ratio (2) - Umpqua Bank only | 50.78% | 52.71% | 53.62% | 48.40% | 55.43% | 55.11% | 58.16% | 56.89% | 55.94% | 57.51% | 54.98% | 52.31% | 53.51% | 56.32% | 55.58% | |||||||||||||||
Efficiency ratio (2) | 54.71% | 57.24% | 58.11% | 52.55% | 59.74% | 60.09% | 62.14% | 62.10% | 59.98% | 61.55% | 59.16% | 56.62% | 57.88% | 60.70% | 60.15% | |||||||||||||||
Non interest revenue to Total revenue (TE) | 20.33% | 18.82% | 17.44% | 26.68% | 19.63% | 23.12% | 22.16% | 20.42% | 24.49% | 30.00% | 26.69% | 18.92% | 23.11% | 25.43% | 26.65% | |||||||||||||||
Effective tax rate | 34.68% | 36.47% | 37.47% | 36.63% | 33.07% | 36.57% | 35.26% | 33.93% | 34.97% | 35.32% | 35.91% | 36.09% | 35.39% | 35.05% | 36.01% | |||||||||||||||
Net Income After Merger Expenses: | ||||||||||||||||||||||||||||||
Return on average total assets (annualized) | 1.55% | 1.29% | 1.24% | 1.32% | 1.13% | 1.18% | 1.15% | 1.19% | 1.30% | 1.24% | 1.32% | 1.36% | 1.20% | 1.26% | 1.36% | |||||||||||||||
Return on average tangible assets (annualized) | 1.69% | 1.40% | 1.35% | 1.44% | 1.23% | 1.25% | 1.21% | 1.28% | 1.40% | 1.32% | 1.39% | 1.49% | 1.30% | 1.34% | 1.40% | |||||||||||||||
Return on average total shareholders' equity (annualized) | 11.01% | 9.11% | 8.78% | 9.53% | 8.46% | 11.23% | 10.42% | 10.85% | 11.70% | 10.83% | 11.61% | 9.66% | 9.61% | 11.24% | 13.58% | |||||||||||||||
Return on average tangible shareholders' equity (annualized) | 25.43% | 21.61% | 21.34% | 23.96% | 21.81% | 21.93% | 20.52% | 22.10% | 24.63% | 23.27% | 25.78% | 22.87% | 22.27% | 23.87% | 18.33% | |||||||||||||||
Average yield on earning assets (1) (annualized) | 6.65% | 6.36% | 6.24% | 6.02% | 5.91% | 5.68% | 5.78% | 5.85% | 5.95% | 6.05% | 6.51% | 6.42% | 5.87% | 6.08% | 7.02% | |||||||||||||||
Interest expense to interest bearing liabilities(2)(annualized) | 2.33% | 2.03% | 1.82% | 1.66% | 1.50% | 1.42% | 1.47% | 1.39% | 1.47% | 1.69% | 1.78% | 2.06% | 1.53% | 1.58% | 2.12% | |||||||||||||||
Net interest spread (1) | 4.32% | 4.33% | 4.42% | 4.36% | 4.41% | 4.26% | 4.31% | 4.45% | 4.48% | 4.36% | 4.73% | 4.36% | 4.34% | 4.50% | 4.91% | |||||||||||||||
Interest expense to earning assets (annualized) | 1.76% | 1.55% | 1.41% | 1.28% | 1.17% | 1.10% | 1.15% | 1.08% | 1.12% | 1.31% | 1.41% | 1.58% | 1.19% | 1.22% | 1.64% | |||||||||||||||
Net interest margin (1) (annualized) | 4.89% | 4.81% | 4.83% | 4.74% | 4.73% | 4.57% | 4.63% | 4.77% | 4.82% | 4.74% | 5.10% | 4.84% | 4.68% | 4.85% | 5.38% | |||||||||||||||
Net interest margin (1) (annualized) - Umpqua Bank only | 5.13% | 5.05% | 5.06% | 4.96% | 4.93% | 4.74% | 4.80% | 4.91% | 4.98% | 4.90% | 5.27% | 5.08% | 4.88% | 5.01% | 5.44% | |||||||||||||||
Asset Quality Ratios | ||||||||||||||||||||||||||||||
Allowance for credit losses to ending total loans and leases | 1.22% | 1.27% | 1.32% | 1.31% | 1.34% | 1.27% | 1.27% | 1.27% | 1.31% | 1.35% | 1.35% | 1.22% | 1.31% | 1.27% | 1.39% | |||||||||||||||
Nonperforming loans to ending total loans and leases | 0.22% | 0.57% | 0.67% | 0.65% | 0.84% | 0.57% | 0.57% | 0.57% | 0.69% | 1.17% | 0.98% | 0.22% | 0.65% | 0.57% | 1.03% | |||||||||||||||
Nonperforming assets to ending total assets | 0.16% | 0.41% | 0.48% | 0.48% | 0.58% | 0.41% | 0.45% | 0.47% | 0.56% | 0.89% | 0.80% | 0.16% | 0.48% | 0.47% | 0.81% | |||||||||||||||
Net loan charge-offs (recoveries) to avg loans and leases (annualized) | 0.10% | 0.25% | -0.02% | 0.33% | 0.18% | 0.01% | 0.03% | 0.21% | 0.22% | 0.04% | 0.38% | 0.17% | 0.17% | 0.21% | 0.20% | |||||||||||||||
Capital Ratio | ||||||||||||||||||||||||||||||
Average shareholders' equity to average assets | 14.11% | 14.14% | 14.13% | 13.81% | 13.39% | 10.53% | 11.02% | 10.97% | 11.08% | 11.43% | 11.35% | 14.13% | 12.52% | 11.20% | 10.02% | |||||||||||||||
Year to Date Growth | ||||||||||||||||||||||||||||||
Loans & leases, gross (excl held-for-sale) | 6.60% | 4.16% | 1.85% | 73.08% | 65.86% | 7.43% | 3.51% | 12.67% | 8.84% | 5.56% | 2.53% | 6.60% | 73.08% | 12.67% | 75.01% | |||||||||||||||
Deposits | 7.73% | 4.58% | 4.07% | 59.75% | 64.80% | 4.24% | 2.13% | 13.04% | 7.58% | 8.51% | 3.56% | 7.73% | 59.75% | 13.04% | 74.60% | |||||||||||||||
Total assets | 6.43% | 3.40% | 2.23% | 64.42% | 66.82% | 6.39% | 1.15% | 15.96% | 9.99% | 7.48% | 3.52% | 6.43% | 64.42% | 15.96% | 78.90% | |||||||||||||||
Mortgage Banking Revenue | ||||||||||||||||||||||||||||||
Gain (loss) on origination and sale | 2,101 | 2,156 | 1,397 | 1,447 | 2,065 | 1,903 | 1,273 | 1,208 | 2,424 | 4,867 | 4,985 | 5,654 | 6,688 | 13,484 | 10,834 | |||||||||||||||
Servicing income before accelerated amortization | 671 | 684 | 683 | 693 | 703 | 314 | 307 | 299 | 318 | 323 | 253 | 2,038 | 2,017 | 1,193 | 804 | |||||||||||||||
Accelerated servicing right amortization | (561) | (501) | (446) | (443) | (507) | (684) | (531) | (527) | (1,222) | (1,056) | (709) | (1,508) | (2,165) | (3,514) | (1,342) | |||||||||||||||
Sub total before mortgage servicing right (MSR) valuation change | 2,211 | 2,339 | 1,634 | 1,697 | 2,261 | 1,533 | 1,049 | 980 | 1,520 | 4,134 | 4,529 | 6,184 | 6,540 | 11,163 | 10,296 | |||||||||||||||
MSR valuation change | 1,045 | (2,111) | (284) | (32) | (319) | 866 | 600 | 220 | 1,640 | (1,700) | (250) | (1,350) | 1,115 | (90) | (1,221) | |||||||||||||||
Total Mortgage Banking Revenue | 3,256 | 228 | 1,350 | 1,665 | 1,942 | 2,399 | 1,649 | 1,200 | 3,160 | 2,434 | 4,279 | 4,834 | 7,655 | 11,073 | 9,075 | |||||||||||||||
Mortgage Servicing Right Asset | ||||||||||||||||||||||||||||||
Gross Mortgage Servicing Right Asset | 12,871 | 12,455 | 12,157 | 11,946 | 11,900 | 11,832 | 12,266 | 12,515 | 12,859 | 13,041 | 12,646 | 12,871 | 11,946 | 12,515 | 11,533 | |||||||||||||||
less: valuation reserve | (2,142) | (3,187) | (1,076) | (792) | (760) | (441) | (1,307) | (1,907) | (2,127) | (3,767) | (2,467) | (2,142) | (792) | (1,907) | (2,217) | |||||||||||||||
Net Mortgage Servicing Right Asset | 10,729 | 9,268 | 11,081 | 11,154 | 11,140 | 11,391 | 10,959 | 10,608 | 10,732 | 9,274 | 10,179 | 10,729 | 11,154 | 10,608 | 9,316 | |||||||||||||||
Net Mortgage Servicing Right Asset as % of serviced loan portfolio | 1.06% | 0.90% | 1.05% | 1.05% | 1.02% | 1.02% | 0.95% | 0.91% | 0.91% | 0.77% | 0.90% | 1.06% | 1.05% | 0.91% | 0.91% | |||||||||||||||
(1) | Tax exempt interest income has been adjusted to a tax equivalent basis at a 35% effective tax rate. |
(2) | Efficiency ratio is noninterest expense divided by the sum of net interest income (tax equivalent basis) plus noninterest income. |
(3) | The gain on sale of, and income from, the merchant bankcard operation, which is disclosed as a discontinued operation on the Company's financial statements, is included in other non-interest income above. |