Cowlitz Bank

	2005 Y	2006 Y	2007 Y	2008 Y
Period Ended	12/31/2005	12/31/2006	12/31/2007	12/31/2008
Assets ($000)
Cash and Due from Banks	13,322	NA	NA	NA
Fed Funds Sold	9,580	NA	NA	NA
Deposits at Financial Institutions	555	NA	NA	NA
Securities Purchased, to Resell	NA	NA	NA	NA
Other Cash & Cash Equivalents	NA	NA	NA	NA
Cash and Cash Equivalents	23,457	26,581	31,251	55,106
Trading Account Secs	0	0	0	0
Available for Sale Secs	52,462	57,688	51,578	64,064
Held to Maturity Secs	0	0	0	0
Other Secs	1,247	1,247	1,247	1,247
Total Cash & Securities	77,166	85,516	84,076	120,417
Gross Loans Held for Investment	270,247	358,390	397,325	433,215
Loan Loss Reserve	4,417	4,481	5,801	13,712
Loans Held for Sale, before Reserves	0	0	0	0
Total Net Loans	265,830	353,909	391,524	419,503
Real Estate Owned and Held for Investment	0	0	2,240	4,838
Goodwill	1,892	1,799	1,799	1,798
Core Deposit Intangibles	243	139	35	0
Other Intangibles	0	0	0	0
Intangible Assets other than Goodwill	243	139	35	0
Total Intangible Assets	2,135	1,938	1,834	1,798
Loan Servicing Rights	0	0	0	0
Credit Card Rights	0	0	0	0
Other Loan Servicing Rights	0	0	0	0
Total Servicing Rights	0	0	0	0
Total Other Assets	25,215	27,032	34,506	40,870
Total Assets	370,346	468,395	514,180	587,426

Liabilities ($000)
Total Deposits	309,195	399,450	441,179	521,570
FHLB Borrowings	334	211	108	37
Senior Debt	817	738	1,179	51
Trust Preferred (FAS 150)	12,372	12,372	12,372	12,372
Total Subordinated Debt	12,372	12,372	12,372	12,372
Redeemable Financial Instruments (FAS 150)	0	0	0	0
Total Debt	13,189	13,110	13,551	12,423
Total Other Liabilities	3,021	5,110	3,910	4,652
Total Liabilities	325,405	417,670	458,640	538,645

Mezzanine ($000)
Redeemable Preferred	0	0	0	0
Trust Preferred Securities	0	0	0	0
Total Minority Interest	0	0	0	0
Other Mezzanine Items	0	0	0	0
Total Mezzanine Level Items	0	0	0	0

Equity ($000)
TARP Preferred Equity	0	0	0	0
Other Preferred Equity	0	0	0	0
Total Preferred Equity	0	0	0	0
Common Equity	44,941	50,725	55,540	48,781
Equity Attributable to Parent Company	44,941	50,725	55,540	48,781
Noncontrolling Interests	0	0	0	0
Equity	44,941	50,725	55,540	48,781
Net Unrealized Gain	(276)	(19)	(5)	(922)
Tot Acc Other Comprehensive Inc	(276)	(587)	2,367	3,317

Balance Sheet Analysis (%)
Gross Loans HFI / Total Assets	72.97	76.51	77.27	73.75
Loans / Deposits	87.40	89.72	90.06	83.06
Loan Loss Reserves / Gross Loans	1.63	1.25	1.46	3.17
One Year Gap / Assets	1.05	3.15	(1.98)	(0.24)
1-4 Loans Serviced for Others ($000)	0	0	0	0
Level 1 Assets	NA	NA	NA	505
Level 2 Assets	NA	NA	NA	71,669
Level 3 Assets	NA	NA	NA	9,300
Level 1 Liabilities	NA	NA	NA	NA
Level 2 Liabilities	NA	NA	NA	NA
Level 3 Liabilities	NA	NA	NA	NA
FTE Employees (actual)	119	135	142	114

Annualized Growth Rates (%)
Asset Growth	35.52	26.47	9.77	14.25
Gross Loans HFI Growth	42.73	32.62	10.86	9.03
Deposit Growth	31.79	29.19	10.45	18.22

Average Balances ($000)
Avg Gross Loans HFI	219,882	319,577	383,477	428,014
Avg Loans HFS	0	0	0	0
Average Loans, Gross of Reserves	219,882	319,577	383,477	428,014
Average Securities	55,781	56,284	55,757	48,576
Avg Other Int Earn Assets	8,417	8,390	7,103	18,869
Avg Secs & Other Int Earn Assets	64,198	64,674	62,860	67,445
Avg Interest Earning Assets	284,080	384,251	446,337	495,459
Avg Assets	308,542	422,133	489,141	541,519
Avg CDs	110,411	156,655	210,174	274,065
Avg Other Interest-bearing Deposits	83,498	96,101	104,310	111,458
Avg Interest-bearing Deposits	193,909	252,756	314,484	385,523
Avg Debt	10,691	14,136	14,860	13,952
Avg Interest-bearing Liabs	204,600	266,892	329,344	399,475
Avg Noninterest Bearing Deposits	64,926	102,201	100,817	85,799
Avg Total Deposits	258,835	354,957	415,301	471,322
Avg Preferred Equity	0	0	0	0
Avg Common Equity	36,483	47,642	53,932	51,917
Avg Equity	36,483	47,642	53,932	51,917


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