Notices

Please read the following notices before reviewing the information contained herein:

The

information

in

this

document

has

been

prepared

solely

for

informational

purposes

and

does

not

constitute

an

offer

to

sell

or

the

solicitation

of

an

offer

to

purchase

any

securities

from

any

entities

described

herein.

Any

such

offer

will

be

made

solely

by

means

of

the

prospectus

contained

in

the

registration

statement

(collectively,

the

“Registration

Statement”)

filed

by

HomeStreet

Inc.

(the

“Company”)

with

the

Securities

and

Exchange

Commission

(the

“SEC”).

The

information

contained

herein

may

not

be

used

in

connection

with

an

offer

or

solicitation

by

anyone

in

any

jurisdiction

in

which

such

offer

or

solicitation

is

not

permitted

by

law

or

in

which

the

person

making

the

offer

or

solicitation

is

not

qualified

to

do

so

or

to

any

person

to

whom

it

is

unlawful

to

make

such

offer

or

solicitation.

All

information

herein

is

subject

to

revision.

No

representation

or

warranty

can

be

given

with

respect

to

the

accuracy

or

completeness

of

the

information

herein,

or

with

respect

to

the

terms

of

any

future

offer

of

securities

conforming

to

the

terms

hereof.

Any

information

herein

shall

be

deemed

superseded,

amended,

and

supplemented

in

its

entirety

by

the

Registration

Statement

(and

any

free

writing

prospectus

relating

thereto)

and

any

decision

to

invest

in

the

securities

offered

thereby

should

be

made

solely

in

reliance

upon

the

Registration

Statement

(and

any

free

writing

prospectus

relating

thereto).

Unless,

and

until,

this

document

has

been

publicly

disclosed

by

the

Company,

this

document

is

confidential

and

is

intended

solely

for

the

information

of

the

person

to

whom

it

has

been

presented

and

it

may

not

be

retained,

reproduced

or

distributed,

in

whole

or

in

part,

by

any

means

(including

electronically),

without

the

prior

written

consent

of

the

Company.

Nothing

contained

herein

should

be

construed

as

tax,

accounting

or

legal

advice.

Neither

the

Company

nor

any

of

its

affiliates

or

representatives

accept

any

responsibility

for

the

tax

treatment

of

any

investment

in

the

securities

of

the

Company.

You

(and

each

of

your

employees,

representatives

or

other

agents)

may

disclose

to

any

and

all

persons,

without

limitation

of

any

kind,

this

tax

treatment

and

tax

structure

of

the

transactions

contemplated

by

these

materials

and

all

materials

of

any

kind

(including

opinions

or

other

tax

analyses)

that

are

provided

to

you

relating

to

such

tax

treatment

and

structure.

For

this

purpose,

the

tax

treatment

of

a

transaction

is

the

purported

or

claimed

U.S.

federal

income

tax

treatment

of

the

transaction

and

the

tax

structure

of

a

transaction

is

any

fact

that

may

be

relevant

to

understanding

the

purported

or

claimed

U.S.

federal

income

tax

treatment

of

the

transaction.

INVESTING

IS

SPECULATIVE

AND

INVOLVES

RISK

OF

LOSS.

YOU

SHOULD

REVIEW

CAREFULLY

THE

REGISTRATION

STATEMENT,

INCLUDING

THE

DESCRIPTION

OF

THE

RISKS

AND

OTHER

TERMS

BEFORE

MAKING

A

DECISION

TO

INVEST.

The

Company

has

filed

a

Registration

Statement

(including

a

prospectus)

with

the

SEC

for

the

offering

to

which

this

presentation

relates.

Before

you

invest,

you

should

read

the

prospectus

contained

in

the

Registration

Statement

and

other

documents

the

Company

has

filed

with

the

SEC

for

more

complete

information

about

the

Company

and

the

offering.

You

may

get

these

documents

for

free

by

visiting

EDGAR

on

the

SEC

website

at

www.sec.gov.

Alternatively,

the

Company,

any

underwriter

or

any

dealer

participating

in

the

offering

will

arrange

to

send

you

the

prospectus

contained

in

the

Registration

Statement

if

you

request

it

by

calling

FBR

Capital

Markets

&

Co.

toll

free

at

(800)

846

–

5050.

The

information

contained

herein

contains

forward-looking

statements.

These

forward-looking

statements

are

based

on

the

Company’s

current

expectations,

beliefs,

projections,

future

plans

and

strategies,

anticipated

events

or

trends

and

similar

expressions

concerning

matters

that

are

not

historical

facts,

as

well

as

a

number

of

assumptions

concerning

future

events.

These

statements

are

subject

to

risks,

uncertainties,

assumptions

and

other

important

factors

set

forth

in

the

Registration

Statement,

many

of

which

are

outside

the

Company’s

control,

that

could

cause

actual

results

to

differ

materially

from

the

results

discussed

in

the

forward-looking

statements.

Actual

results

may

vary

materially

from

those

expressed

or

implied,

and

there

can

be

no

assurance

that

estimated

returns

or

projections

will

be

realized

or

that

actual

returns

will

not

be

materially

different

than

estimated

herein.

Accordingly,

you

are

cautioned

not

to

place

undue

reliance

on

such

forward-looking

statements.

You

should

conduct

your

own

analysis,

using

such

assumptions

as

you

deem

appropriate,

and

should

fully

consider

other

available

information,

including

the

information

described

under

“Forward-Looking

Statements”

and

“Risk

Factors”

in

the

Registration

Statement,

in

making

a

decision

to

invest.

Past

performance

is

not

necessarily

indicative

of

future

results.

All

forward-looking

statements

are

based

on

information

available

to

the

Company

as

of

the

date

hereof

and

the

Company

assumes

no

obligation

to,

and

expressly

disclaims

any

obligation

to,

update

or

revise

any

forward-looking

statements,

whether

as

a

result

of

new

information,

future

events

or

otherwise.

To

supplement

the

Company’s

financial

statements

presented

in

accordance

with

generally

accepted

accounting

principles

(“GAAP”),

the

Company

uses

non-GAAP

measures

of

certain

components

of

financial

performance.

These

non-GAAP

measures

are

provided

to

enhance

investors’

overall

understanding

of

the

Company’s

current

financial

performance

and

its

prospects

for

the

future.

Specifically,

the

Company

believes

the

non-GAAP

results

provide

useful

information

to

both

management

and

investors.

These

measures

should

be

considered

in

addition

to

results

prepared

in

accordance

with

GAAP,

but

should

not

be

considered

a

substitute

for,

or

superior

to,

GAAP

results.

Offering Summary

(1) Includes proceeds from side-by-side private placement, but excludes over-allotment shares.

(2)

Assumes

offering

price

of

$44.00

per

share

(midpoint

of

the

offering

range

of

$43.00

to

$45.00

per

share).

Of

these

shares,

1,250,000

shares

are

offered

in

the

public

offering

and

113,636

in

the

private

placement.

Excludes

36,681

shares

subject

to

restricted

stock

awards

to

be

issued

to

certain

employees

and

our

non-employee

directors

upon

the

closing

of

this

offering.

3

Issuer

HomeStreet Inc.

Ticker

NASDAQ: HMST

Offering Type

Initial public offering of common stock

Offering Size

(1)

$60,000,000

Over-allotment Option

15%

Total Shares Offered

(2)

1,363,636

Pro Forma Shares

(2)

2,714,510

Offering Range

$43.00 -

$45.00 per share

Use of Proceeds

Increase capital levels

Fund growth in commercial banking activities

General corporate purposes

Underwriter

FBR Capital Markets

Recent Developments

Q4 2011 and January 2012 Financial Results

Earned $7.0 million in Q4  and $8.2 million in January 2012 driven by high

mortgage banking revenue

–

Q4 write-offs of $2.4 million of IPO-related costs

–

Q4 adjusted ROAE of 45.1%

(1)

–

January 2012 NIM of 2.50% increased 12 bps since Q3 2011

Increased single family closed loan production by ~33% in Q4 to $624 million;

January 2012 application locks of $267 million and closed loan production of $162

million

–

Low rates and market share gains  -

deconsolidation from large originators

Tangible book value increased 20% from $79.9 million in Q3 to $95.6 million

(2)

Dramatic Credit Improvement Q3 2011 through January 2012

NPAs down ~30% to $111 million

–

NPA/Assets declined to 4.9%

OREO down 45% to $36 million

Classified assets decreased 15% to $191 million

4

Source: S-1 filing and HomeStreet Inc.

(1) Net income of $7.0 million adjusted for $2.4 million of IPO related expenses

(2) Represents tangible book as of January 31, 2012 . See Appendix for reconciliation of non-GAAP financial measures.

Recent Developments

Regulatory Update

Management expects the Tier 1 Leverage ratio requirement to be 8.5%

Pro forma for this offering, the Bank’s capital levels will meet or exceed the

anticipated regulatory target

Upon completion of the offering and subject to successful outcome of the FDIC’s

on-site visit in February / March, we expect replacement of the C&D

order with

another form of enforcement agreement

MetLife Mortgage Origination Team Addition

Hired a team of 140+ mortgage originators in the Pacific Northwest from MetLife

–

100% retail

This team was responsible for $1.2 billion of originations in 2011

5

$177

$210

$336

$444

$114

$99

$114

$142

$180

$48

$267

$276

$324

$478

$624

$429

$0

$200

$400

$600

$800

Q1

11

Q2

11

Q3

11

Q4

11

Jan

12

Highly Profitable Mortgage Origination Franchise 

High loan origination volume in Q4 and continuing in January 2012

–

Driven by low interest rates and HARP 2.0

230 retail loan producers

(1)

including the addition of 70 loan producers in February from

MetLife; no brokered originations

Source: HomeStreet Inc.

(1) Includes Windermere Real Estate Services.

(2) Represents single family held for sale production.

6

Single

Family

Closed

Loan

Production

(2)

($

mm)

HomeStreet

Windermere

January Application Lock Volume

$9.3

$25.7

$12.6

$8.9

$0

$10

$20

$30

Q2

11

Q3

11

Q4

11

Jan

12

Significant increase in noninterest income driven by higher originations and gain on

sale margins

Operating efficiency ratio improved to 46.3% in January 2012 from its peak of

156.4%

(1)

$1.3

$15.3

$7.0

$8.2

$0

$4

$8

$12

$16

Q2

11

Q3

11

Q4

11

Jan

12

Third Consecutive Quarter of Profitability

Source:  S-1 filing and HomeStreet Inc.

(1) Operating efficiency peak as of December 31, 2009. See Appendix for reconciliation of non-GAAP financial measures.

(2) Calculated as pre-tax earnings + OREO expense + IPO-related expense + provision expense. See Appendix for reconciliation of non-GAAP financial measures.

7

Pre-Tax Pre-Provision

(2)

($ millions)

Net Income ($ millions)

Efficient Retail Deposit Funding Base

NIM increased 165 bps to 2.50% in January 2012 from a low of 0.85%

(1)

Cost of funding declined 333 bps to 1.13% in January from a high

of 4.46%

(2)

Source: S-1 filing and HomeStreet Inc.

(1) For the quarter ended September 30, 2009.

(2) Simple average of the cost of funds for the three months in Q3 2007.

Bank Cost of Funding (%)

Net Interest Margin (%)

8

3.07%

2.90%

2.71%

2.54%

2.35%

2.20%

1.87%

1.74%

1.65%

1.56%

1.43%

1.16%

1.13%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

Q1

09

Q2

09

Q3

09

Q4

09

Q1

10

Q2

10

Q3

10

Q4

10

Q1

11

Q2

11

Q3

11

Q4

11

Jan

12

1.50%

0.98%

0.85%

0.85%

0.96%

1.16%

1.68%

2.34%

2.17%

2.35%

2.38%

2.50%

2.50%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

Q1

09

Q2

09

Q3

09

Q4

09

Q1

10

Q2

10

Q3

10

Q4

10

Q1

11

Q2

11

Q3

11

Q4

11

Jan

12

Significant Credit Improvement Since Q3

9

$225.0

$191.2

$180

$200

$220

$240

Q3 2011

Jan 2012

(15%)

$98.5

$80.7

$21.1

$5.5

$39.9

$24.7

$159.5

$110.9

$70

$90

$110

$130

$150

$170

Q3 2011

Jan 2012

Adjusted NPAs

OREO Contracted for Sale

NPLs, Paying as Agreed

(30%)

Nonperforming Assets ($ mm)

Classified Assets / (Tier 1 + ALLL)

(1)

Classified Assets ($ mm)

123%

71%

0.0%

50.0%

100.0%

150.0%

Actual January 2012

Pro Forma Adjusted January 2012 (1)

(42%)

Source: S-1 filing and HomeStreet Inc.

(1)

Assumes

initial

public

offering

of

$55

million

plus

a

$5

million

private

placement

net

of

transaction

expenses

of

$6.8

million.

Assumes

an

additional

$17.6

mm

of

trust

preferred

securities

receive

tier

1

capital

treatment.

Classified

assets

adjusted

for

$5

.5

million

of

OREO

contracted

for

sale

and

$24.7

million

of

current

NPLs,

paying

as

agreed.

Represents

holding

company

tier

1

capital.

Aggressive OREO Sales

OREO declined 45% since Q3 driven by accelerated sales

Balances greater than 180 days decreased 27%

(1)

16% or $5.5 million of existing OREO is already contracted for sale

(2)

10

Days in OREO ($ mm)

Source: S-1 filing and HomeStreet Inc.

(1) Decline from Q3 2011.

(2) As of January 31, 2012.

$18.6

$2.6

$4.5

$2.6

$41.3

$30.3

$64.4

$35.5

$0

$25

$50

$75

Q3 2011

Jan 2012

Less than 90 Days

90 Days -

180 Days

Greater than 180 Days

(45%)

Conservatively Marked Portfolio

OREO has been sold to date at 63%

(1)

of unpaid principal balance

NPAs currently carried at 54%

(2)

of UPB

Carrying Value of Nonperforming Assets

11

Source: HomeStreet Inc.

(1) Represents quarterly average of OREO sales from Q3 2009 to Q4 2011.

(2) As of January 31, 2012.

(3) Includes loan charge offs of $29.5 million and OREO writedowns of $21.6 million.

(4) In addition to specific reserves of $15.6 million on nonperforming loans, the Company has remaining reserves of $26.3 million.

(4)

(3)

($ in millions)

Category

Unpaid

Principal

Balance

LTD Charge

Offs / Write

Downs

Net Book

Value at

1/31/2012

Specific

Reserves at

1/31/2012

CV - Specific

Reserves

CV - Specific

Reserves %

of Unpaid

Principal

Balance

Remaining

Reserves on

all other

Loans

1-4 Family

15.2

$           

1.2

$            

14.0

$           

0.2

$            

13.8

$           

90.8%

CRE - Owner Occupied

7.7

0.5

7.2

0.3

6.9

89.6%

CRE - Non Owner Occupied

3.3

0.4

2.9

0.0

2.9

87.9%

C&I

1.2

0.2

1.0

0.4

0.6

50.0%

Construction

60.1

12.0

48.1

14.7

33.4

55.6%

Consumer

2.5

0.3

2.2

0.0

2.2

88.0%

Nonperforming Loans

90.0

$           

14.6

$           

75.4

$           

15.6

$           

59.8

$           

66.4%

26.3

$           

OREO

86.6

51.1

35.5

0.0

35.5

            

41.0%

Nonperforming Assets

176.6

$         

65.7

$           

110.9

$         

15.6

$           

95.3

$           

54.0%

26.3

$           

Strong Reserves

HomeStreet’s reserves / loans are 28% above peer averages

(1)(2)

Source: S-1 filing, HomeStreet Inc. and SNL Financial.

(1)

Company-identified

peers

include

BANR,

CACB,

COBZ,

COLB,

CPF,

CVBF,

GBCI,

PACW,

PCBC,

STSA,

TCBK,

UMPQ,

WABC,

WAL,

WCBO

and

WFSL

.

Represents

the

median

of

peers’

reserves

/

loans

ratio.

Q4

2011

data

non

available

for

CACB.

(2)

As

of

December

31,

2011.

12

5.2%

5.0%

4.1%

4.0%

4.0%

4.1%

3.8%

3.2%

3.1%

2.8%

2.9%

2.7%

2.8%

2.9%

2.8%

2.7%

2.5%

2.0%

3.0%

4.0%

5.0%

6.0%

Q1 10

Q2 10

Q3 10

Q4 10

Q1 11

Q2 11

Q3 11

Q4 11

Jan 12

Reserves / Loans

Peer Reserves / Loans

(1)

Reserves ($ mm)

Net NPLs

$59.8

$40 -

$51

OREO

$35.5

General Reserves

$9 -

$11

Additional:

$25 -

$30

$5 -

$9

Specific Reserves

$15.6

Specific

Reserves

$15.6

$0

$25

$50

$75

$100

$125

NPA Balance

Jan 2012

Utilization of

Existing

Reserves

Anticipated

OREO

Sales

Net NPL

Outflows

Projected NPA

Balance

Q3 2012

Contracted

as

of 1/31/2012: $5.5

(1)

(2)

Near Term Projected Credit Resolutions

Approximately $30 -

$35 million of anticipated OREO sales through Q3 2012

–

16% is contracted for sale and scheduled to close in Q1 2012

13

Total: $111

4.9%

Source: HomeStreet Inc.

(1) Includes $15.6 million of chargeoffs of specific reserves existing as of January 31, 2012.  Remaining chargeoffs primarily relate to anticipated migration of single family loans.

(2) Net NPL outflows include scheduled principal payoffs, NPL upgrades, note sales and anticipated additions to NPLs.

2.50%

3.75% -

4.00%

0.20% -

0.30%

0.20% -

0.30%

0.80% -

0.90%

2.0%

2.5%

3.0%

3.5%

4.0%

1/31/2012 NIM

Investment of Net

Proceeds

Increase in yields &

reduction in NPLs

Change in securities /

loan / deposit mix

Near Term Target NIM

Net

Interest

Margin

Expansion

Opportunities

14

(1)

Source: HomeStreet Inc.

(1)

Margin

expansion

opportunities

from

1/31/2012

net

interest

margin

are

based

upon

management’s

assumptions

of

post

recapitalization

restructuring

opportunities

and

will

differ

from

future

results.

Earnings Potential

Source:

HomeStreet

Inc.

(1)

These

are

not

projections

of

future

earnings,

nor

a

complete

listing

of

all

potential

impacts

at

the

proposed

recapitalization.

Future

results

will

differ

from

the

opportunities

outlined.

(2)

NIM

reflects

restructured

balance

sheet

for

securities,

loans

and

deposits.

(3)

Provision

for

loan

losses

reflects

providing

for

growth

in

loan

portfolio

to

achieve

target

mix

(i.e.,

1/3

consumer,

commercial

real

estate

and

C&I).

(4)

Single

family

gain

on

sale

and

servicing,

as

well

as

income

from

WMS

adjustments

reflect

both

reduction

of

volume

to

eliminate

refinance

activity

and

robust

refinance

"boom"

margins

which

are

consistent

with

Q2

2011

results.

(5)

Eliminated

securities

gains.

(6)

OREO

expense

adjusted

to

reflect

reduction

of

OREO

and

substantial

elimination

of

risk.

(7)

FDIC

insurance

fees

reflect

elimination

of

Regulatory

Order

at

the

Bank.

(8)

Adjusted

salaries

and

benefits

to

reflect

a

decrease

in

commissions

related

to

single

family

refinance

boom,

offset

by

increases

in

salaries

and

benefits

to

achieve

loan

and

deposit

mix

changes.

Aligned

professional

fees

to

reflect

lower

risk

operating

environment.

Marketing

expenses

increased

to

achieve

balance

sheet

restructuring

of

customers.

(9)

Assumes

effective

tax

rate

of

37%.

(10)

Noninterest

expense

adjusted for OREO expense. See Appendix for reconciliation of non-GAAP financial measures.

15

Unaudited

Quarter Ended

Normalizing

Pro Forma

($ in millions)

12/31/2011

Adjustments

(1)

Normalized

(1)

Net Interest Income

(2)

12.9

$                   

7.1

$                    

20.0

$                   

Provisions for Loan Losses

(3)

0.0

2.0

2.0

Gain on Sale of Mortgage Loans

(4)

18.8

(6.6)

12.2

Mortgage Servicing 

(4)

6.0

0.2

6.2

Other Noninterest Income

(5)

2.6

(0.9)

1.7

Operating Revenue

40.3

(2.2)

38.1

OREO-Related Expense

(6)

3.7

(3.6)

0.1

FDIC Assessment Fees

(7)

1.3

(0.9)

0.3

Other Noninterest Expense

(8)

28.9

(6.5)

22.5

Total Noninterest Expense

33.9

(11.0)

22.9

Pretax Income

6.4

8.8

15.3

Taxes

(9)

(0.6)

6.3

5.7

Net Income

7.0

$                    

2.6

$                    

9.6

$                    

Net Interest Margin

(2)

2.50%

3.75%

Operating Efficiency Ratio

(10)

74.8%

56.7%

ROAA

1.2%

1.7%

ROAE

33.4%

27.0%

Recapitalized HomeStreet

Base offering structured to meet anticipated regulatory requirements

Note: The Company is not currently subject to holding company regulatory capital requirements. (1) Assumes base initial public offering of $55 million plus $5 million side-by-side

private placement, net of transaction expenses of $6.8 million. Assumes $9 million is retained at the holding company for working capital needs and the remaining net proceeds of

$44.2

million

are

downstreamed

to

the

bank.

(2)

Pro

forma

tier

1

leverage

calculation

assumes

no

addition

of

net

proceeds

to

average

assets.

(3)

Pro

forma

tier

1

RBC

and

total

RBC

ratios

assume

0%

risk

weighting

assigned

to

net

proceeds

for

risk

weighted

assets

calculation.

16

Pro Forma Valuation

17

Source:

Derived

from

S-1

filings

and

HomeStreet

Inc.

(1)

Tangible

common

equity

calculated

as

common

equity

of

$96.0

million

less

intangible

assets

of

$0.4

million.

See

Appendix

for

reconciliation

of

non-GAAP

financial

measures.

(2)

Net

proceeds

of

$53.2

mm

is

calculated

using

gross

initial

public

offering

of

$55.0

mm

plus

$5.0

million

private

placement

less

assumed

capital

raise

expenses

of

$6.8

mm.

(3)

Assumes

offering

price

at

the

midpoint

offering

range

of

$43.00

and

$45.00

per

share.

(4)

Shares

issued

of

1,363,636

for

pro

forma

shares

outstanding

of

2,714,510.

Of

the

shares

issued,

1,250,000

shares

are

offered

in

the

public

offering

and

113,636

in

the

private

placement.

Excludes

36,681

shares

subject

to

restricted

stock

awards

to

be

issued

to

certain

employees

and

our

non-employee

directors

upon

the

closing

of

this

offering.

Investment Highlights

Established and well-respected Pacific Northwest franchise

Highly profitable conforming single family mortgage origination and servicing platform

Significantly improved credit profile driven by aggressive problem asset resolution

Management’s turnaround plan resulted in three consecutive quarters of profitability

Commercial banking and diversified real estate lending provides loan and funding

growth opportunities

Offering designed to qualify for the replacement of the regulatory order with another

form of enforcement agreement

ROE's substantially higher than peers driven by increased NIM and significant

noninterest income

18

Established Pacific Northwest Franchise

$2.2 billion

(1)

institution with 20

deposit branches and 20 lending

centers

(2)

–

Average deposits per branch of $98

million

(1)

–

No brokered deposits

Largest community bank

headquartered in Seattle

Over 35,000 demand deposit

accounts representing 60% of total

accounts

Improved competitive banking

landscape in the PacNW

HomeStreet Bank Branches (20)

Current

HomeStreet

Loan

Offices

(9)

(2)

Seattle

Bellevue

Tacoma

Aberdeen

Spokane

Vancouver

Portland

Salem

Honolulu

Pearl City

Hilo

Maui

H A W A I I

W A S H I N G T O N

O R E G O N

Source:  HomeStreet Inc. and SNL Financial.

(1) As of January 31, 2012.

(2) HomeStreet currently has 9 lending centers and will be opening 11 additional lending centers with the addition of MetLife personnel.

(3) As of June 30, 2011.

# of

Market

State

Branches

Rank

(3)

Share

(3)

Washington

15

13

1.58%

Oregon

2

27

0.47%

Hawaii

3

7

1.32%

19

Highly Profitable Mortgage Origination Franchise 

70% conventional / 30% government; 70% purchase / 30% refinance

Hired a team of 140+ retail mortgage bankers in the Pacific Northwest from MetLife

Joint venture with Windermere Real Estate Services, the largest real estate

brokerage company in the Pacific Northwest

2009, 2010 and 2011 mortgage originations of $2.7, $2.1 and $1.7

billion

Nominal repurchase claims and losses

Source: HomeStreet Inc.

(1) Basis points on closed loan production.

20

January 2012 Mortgage Originations

FY2011 Mortgage Originations

Growing & Profitable Servicing Platform

Highly valuable SFR servicing portfolio relative to peers

–

High concentration of FHA/VA loans –

low defaults –

low coupons

–

Delinquencies below 1%, less than 1/3 of Fannie Mae’s national average

(1)

–

Low weighted average coupon (4.9%) resulting in lower prepayment

speeds

–

FY2011 net servicing income of 22 bps 

Highly attractive multifamily servicing platform

–

Low prepayments and higher servicing fees

–

One of only 25 Fannie Mae DUS lenders nationwide

Servicing Portfolio ($ mm)

21

$3,389

$3,775

$4,696

$5,821

$6,343

$6,521

$6,603

$6,650

$6,885

$6,891

$783

$793

$897

$881

$835

$843

$857

$828

$815

$832

$4,172

$4,569

$5,593

$6,702

$7,179

$7,364

$7,460

$7,477

$7,700

$7,723

$0

$2,000

$4,000

$6,000

$8,000

2006

2007

2008

2009

2010

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Jan 2012

Single-family

Multi-family / Other

Source: S-1 filing and HomeStreet Inc.

(1) Represents serious delinquency rate (loans over 90 days delinquent).

Effective Hedging Strategy

“Long position”

in interest rates that offsets the “short position”

of the MSRs

Hedge strategy models maximum loss to $500,000 for a + / -

25 bps rate change,

and $2 million for an extreme rate increase scenario

MSR Interest Rate Shock Scenarios ($ mm)

Source: HomeStreet Inc.  As of January 31, 2012.

Note:

No

hedging

program

can

effectively

hedge

model

risk

(actual

versus

modeled

prepayment

rates)

and

basis

risk

(mortgage/swap

rates

spread).

22

Source:  S-1 filing.

Seasoned Management Team

Executive / Director

Joined

Company

Years in

Industry

Relevant Experience

Mark K. Mason

Director, Vice

Chairman, President

and CEO

Sept

2009

25

Seasoned banking executive with a proven track record of

successfully implementing turnaround and growth strategies

Former Chairman and CEO of Fidelity Federal Bank

David E. Hooston

EVP and CFO

Aug

2009

30

Extensive turnaround, capital raising and M&A experience

Previously was Managing Partner at Granite Bay Partners;

Portfolio Manager at Belvedere Capital Partners and concurrently

served as President, CFO and COO at Placer Sierra Bancshares

and subsidiaries

Jay C. Iseman

EVP and Chief

Credit Officer

Aug

2009

20

Significant experience in troubled loan workouts, special assets

and credit administration at major national banks

Previously served as Senior Vice President and Senior Portfolio

Manager of commercial special assets with Bank of America

Godfrey B. Evans

EVP, General

Counsel and CAO

Nov

2009

30

Significant experience in banking and corporate securities law,

including recapitalization/ restructuring of financial institutions

Previously served as General Counsel and CAO at Fidelity

Federal Bank and corporate lawyer at Gibson, Dunn & Crutcher 

23

Turnaround Progress

Entered into C&D

Developed plan to reduce

classified assets, upgrade

management, improve

earnings and increase

capital

Restructured credit

administration

Accelerated problem asset

resolution

Instituted interest rate floors

Expanded NIM

–

Improved asset yields

–

Reduced non-core funding

–

Restructured deposit

products/pricing

Filed IPO

Third party loan review

confirms valuation / reserves

Noncore

funding

(4)

reduced

by 94%

(5)

from 9/30/2009

Achieved three consecutive

quarters of profitability

Appointed new CEO, CFO,

CAO

Appointed new CCO

2009

2010

2011 -

2012

Management

Changes

Management

Actions

Restructured

Board

(3)

Source:

S-1

filing

and

HomeStreet

Inc.

(1)

Represents

peak

levels

in

2009.

(2)

Represents

NIM

for

Q3

2009.

(3)

Contingent

upon

the

successful

closing

of

this

offering

and

regulatory

approval.

(4)

Noncore

funding

represents

brokered

deposits

and

FHLB

borrowings.

(5)

As

of

or

for

month

ended

January

31,

2012.

24

Classified

Assets

$761 million

(1)

$482 million

(1)

0.85%

(2)

$364 million

$284 million

1.49%

$191 million

(5)

$111 million

(5)

2.50%

(5)

NPAs

NIM

$581

$761

$738

$570

$526

$546

$484

$364

$299

$276

$225

$188

$191

$180

$380

$580

$780

Q1

09

Q2

09

Q3

09

Q4

09

Q1

10

Q2

10

Q3

10

Q4

10

Q1

11

Q2

11

Q3

11

Q4

11

Jan

12

37

38

63

108

123

122

202

170

99

103

64

39

36

278

410

389

374

327

321

189

113

124

91

95

77

75

$314

$449

$452

$482

$450

$442

$391

$284

$223

$194

$159

$115

$111

$0

$200

$400

$600

Q1

09

Q2

09

Q3

09

Q4

09

Q1

10

Q2

10

Q3

10

Q4

10

Q1

11

Q2

11

Q3

11

Q4

11

Jan

12

OREO

Nonperforming Loans

$959

$171

$0

$250

$500

$750

$1,000

Q4 2008

Jan-12

(82%)

Significant Improvement in Asset Quality

NPAs down 77% and classified assets

down 75% from 2009 peak levels

(1)

Driven by significantly reduced high

risk construction loans

Nonperforming Assets ($ mm)

Source:

S-1 filing and HomeStreet Inc. 

(1) Represents change from peak levels.

(77%)

Classified Assets ($ mm)

(75%)

25

Construction and Land Loans ($ mm)

Significant NPA Outflows

Eight consecutive quarters of NPA outflows totaling ~$370 million

(1)

NPA Migration

26

Source:

HomeStreet Inc.

(1) Since Q4 2009.

($ in millions)

Q1 10

Q2 10

Q3 10

Q4 10

Q1 11

Q2 11

Q3 11

Q4 11

Jan 12

Beginning Balance

482.0

$     

450.4

$     

442.2

$     

390.6

$     

283.7

$     

223.0

$     

193.6

$     

159.5

$     

115.1

$     

Additions to NPLs

20.6

83.5

37.8

22.3

28.9

14.2

20.9

7.3

2.9

Charge-Offs

11.7

20.6

36.2

14.6

2.1

4.7

7.7

10.6

0.8

OREO Sales

14.8

41.3

21.9

21.2

67.0

17.6

33.8

26.0

2.8

OREO Writedowns

(1.2)

5.1

7.2

16.3

10.6

4.7

8.2

3.6

0.6

Principal Paydown, Payoff, Advances

10.3

17.6

19.0

10.9

5.6

6.0

2.4

3.9

0.5

Transferred Back to Accrual Status

16.6

7.1

5.1

66.2

4.3

10.6

2.9

7.6

2.4

Subtractions from NPAs

52.2

91.7

89.4

129.2

89.6

43.6

55.0

51.7

7.1

Net Inflows / (Outflows)

(31.6)

(8.2)

(51.6)

(106.9)

(60.7)

(29.4)

(34.1)

(44.4)

(4.2)

Ending Balance

450.4

$     

442.2

$     

390.6

$     

283.7

$     

223.0

$     

193.6

$     

159.5

$     

115.1

$     

110.9

$     

Growth Strategies

Organic growth opportunities driven by attractive market demographics

–

Job growth and housing recovery is expected to outpace the overall economy

–

Well educated workforce, high incomes and strong population trends

Expand commercial and consumer banking activities

–

Commercial: lending, cash management, insurance

–

Consumer: mortgage loans, deposits, investments, insurance

Expand single family mortgage banking activities

–

Increase retail, correspondent  and internet production channels

Expand multifamily mortgage banking through the Fannie Mae DUS program

Restart traditional portfolio lending

27

Investment Highlights

Established and well-respected Pacific Northwest franchise

Highly profitable conforming single family mortgage origination and servicing platform

Significantly improved credit profile driven by aggressive problem asset resolution

Management’s turnaround plan resulted in three consecutive quarters of profitability

Commercial banking and diversified real estate lending provides loan and funding

growth opportunities

Offering designed to qualify for the replacement of the regulatory order with another

form of enforcement agreement

ROE's substantially higher than peers driven by increased NIM and significant

noninterest income

28

Appendix

Director

Joined

Relevant Experience

David A. Ederer

Chairman (since 2009)

2004

Currently serves as Chairman of Ederer Investment Company, a private investment

company as well as Director in several other local foundations

Mark K. Mason

Vice Chairman

2009

Currently serves as President & CEO of HomeStreet Inc and HomeStreet Bank; former

Chairman and CEO of Fidelity Federal Bank

Scott Boggs

(1)(2)

2006

Former Corporate Controller at Microsoft Corporation and adjunct

accounting professor

at Seattle University Albers School of Business

Brian P. Dempsey

(2)

1996

Previously served on the Board of Directors of Golden State Bancorp and Federal Home

Loan Bank of Seattle and was President and Chairman of University Savings Bank

Victor H. Indiek

(1)

2012

Project Manager at Quantum Partners managing FDIC receiverships and previously

President, CEO, CFO of Freddie Mac and CFO of American Savings

Thomas E. King

(1)(2)

2010

Consultant to banks; previously CEO or COO of San Diego Community Bank, Fullerton

Community Bank, Bank of So. Cal, CapitolBank, credit & lending officer at Sec Pac

George Kirk

(1)(2)

2007

Former President and CEO of Port Blakely Communities and President of Skinner

Development Company and Chair of Real Estate Dept at Davis Wright Tremaine LLP

Michael J. Malone

(1)

2012

CEO of Hunters Capital, member of the Board of Directors of Expeditors International;

previously founder, Chairman and CEO of AEI/DMX Music

Gerhardt Morrison

(2)

1986

Former Chairman of the Business Law Department at Bogle & Gates,

a Seattle-based

law firm; previously served as trustee of the Northwest Hospital

Doug Smith

(1)

2012

President of Miller and Smith, a residential home building company

Bruce W. Williams

1994

Previously served as President and CEO of Homestreet Inc and Homestreet Bank

Pro Forma Board of Directors

Source:  S-1 filing

(1) Appointment subject to regulatory approval.

(2) Currently Director for HomeStreet Bank.  Reflects date joined HomeStreet Bank’s Board.

30

Loan Portfolio Characteristics

New management team has focused on reducing exposure to real estate

developers and higher risk property types

Increased emphasis on business banking and multifamily mortgage lending

Q4 2011 Loan Composition

Q4 2011 CRE by Property Type

31

Source: HomeStreet Inc.

1-4 Family

$497

(37%)

CRE -

Non

Owner

Occupied

$300

(22%)

C&I

$60 (4%)

Consumer

$159

(12%)

Construction

$173 (13%)

Multifamily

$56 (4%)

CRE -

Owner

Occupied

$102 (8%)

Mixed Use

17%

Office

18%

Other

6%

Retail

30%

Multifamily

13%

Industrial

Warehouse

16%

Fixed Rate

35%

Adjustable

Rate

65%

Loan Portfolio Characteristics (cont.)

Loan portfolio concentrated in the Puget Sound area, which has been less

impacted by the economic downturn compared to eastern Washington

Adjustable rate loans comprise approximately 65% of the loan portfolio

Q4 2011 Loans by Geography

Q4 2011 Loan Interest Rate Mix

Source: HomeStreet Inc.

32

Puget

Sound

68%

Idaho

(Boise)

1%

Oregon

16%

Hawaii

3%

Other

1%

Washington

Other

11%

Strong Liquidity Position

Proactively reduced brokered deposits and reliance on wholesale funding sources

–

Available capacity under FHLB and FRB of $231 million and $100 million, respectively

Substantial excess liquidity with a primary liquidity ratio of 35%

(1)

Total Sources of Liquidity ($ mm)

Funding Sources ($ mm)

Source: HomeStreet Inc.

(1)

Primary

liquidity

ratio

is

defined

as

net

cash,

short-term

investments

and

other

marketable

assets

as

a

percent

of

net

deposits

and

short-term

borrowings.

Ratio

as

of

December

31,

2011.

(2)

Represents

market

value

of

unpledged

securities.

33

Q4 2011

Cash

$263.3

Unpledged Securities (2)

302.8

Loans Held for Sale

150.4

Total On-Balance Sheet Liquidity

716.5

Additional Borrowing Capacity

FHLB

231.4

FRB SF

99.9

Total Available Capacity

$331.3

Total Direct Sources of Liquidity

$1,047.8

Total Funding: $2,265 million

Deposits

$2,010

(89%)

Capital

$86 (4%)

Borrowings

$62 (3%)

FHLB

$58 (2%)

Other

$49 (2%)

Balance Sheet

Month Ended

Quarter Ended

($ in millions)

1/31/2012

12/31/2011

9/30/2011

6/30/2011

3/31/2011

Cash

202.9

$         

263.3

$         

138.4

$         

108.2

$         

170.8

$         

Investments

381.3

329.0

339.5

315.7

304.4

Loans Held for Sale

123.4

150.4

226.6

121.2

82.8

Loans Held for Investment

1,350.1

1,343.6

1,413.4

1,451.9

1,562.7

Allowance for Loan Losses

(41.9)

(42.7)

(53.2)

(59.7)

(62.1)

Net Loans

1,308.2

1,300.9

1,360.2

1,392.2

1,500.6

Other Real Estate Owned

35.5

38.6

64.4

102.7

98.9

Mortgage Servicing Rights

75.7

77.3

74.1

94.3

96.0

Federal Home Loan Bank Stock

37.0

37.0

37.0

37.0

37.0

Other Assets

80.2

68.4

76.6

62.2

52.1

Total Assets

2,244.2

$      

2,264.9

$      

2,316.8

$      

2,233.5

$      

2,342.6

$      

Deposits

1,977.1

$      

2,009.8

$      

2,057.0

$      

1,993.7

$      

2,066.8

$      

Federal Home Loan Bank Borrowings

57.9

57.9

67.9

77.9

114.5

Other

113.2

110.8

111.6

103.6

110.1

Total Liabilities

2,148.2

2,178.5

2,236.5

2,175.2

2,291.4

Equity

96.0

86.4

80.3

58.3

51.2

Total Liabilities and Equity

2,244.2

$      

2,264.9

$      

2,316.8

$      

2,233.5

$      

2,342.6

$      

Source: S-1 filing and HomeStreet Inc.

34

Income Statement & Profitability Ratios

35

Source: S-1 filing and HomeStreet Inc.

(1) Includes net MSR/hedge valuation (loss) gains of $1.6 million, $(189,000), $12.2 million, $1.3 million, $91,000 and $1.6 million for January 2012, Q4 2011, Q3 2011, Q2 2011 and Q1 2011, respectively. (2) Q4 2011 OREO expenses were $3.7

million vs. $9.1 million in Q3 2011.  (3) Operating efficiency ratio adjusted for OREO expense. See Appendix for reconciliation of non-GAAP financial measures.

Asset Quality & Capital Adequacy

Source: S-1 filing and HomeStreet Inc.

(1) Calculation based on Bank Tier 1 capital.

36

15 Largest Nonperforming Loans

Data as of January 31, 2012

ID

Loan Type

Unpaid

Principal

Balance

Partial

Charge Offs

Net

Commitment

Net Book

Balance

Specific

Reserves

Book

Balance Net

of Specific

Reserves

TDR

Description

1

Construction/Land

Development

21,809,726

$  

-

$              

21,875,566

$  

21,809,726

$  

11,638,065

$  

10,171,661

$  

No

• 340 acre Community in Thurston County, WA

with 124 acres zoned for residential development

and 215 acres zoned for Commercial.

2

Construction/Land

Development

4,279,044

$   

-

$              

4,279,044

$   

4,279,044

$   

-

$              

4,279,044

$   

Yes

• 121 finished detached lots in Yakima (28),

Clark (24) and Grant (69) Counties in WA. 

Construction/Land

Development

2,841,025

$   

-

$              

2,841,025

$   

2,841,025

$   

-

$              

2,841,025

$   

Yes

• 550 residential detached lots with preliminary

plat approval located in Yakima (58), Grant (475)

and Clark (17) Counties in WA.

Construction/Land

Development

1,977,587

$   

(870,210)

$     

1,107,377

$   

1,107,377

$   

-

$              

1,107,377

$   

Yes

• 8 detached single family residences in Clark (5)

and Grant (3) Counties in WA.

TOTAL

9,097,656

$    

(870,210)

$     

8,227,446

$    

8,227,446

$    

-

$              

8,227,446

$    

3

Construction/ Land

Development

$    4,399,850

-

$              

4,399,850

$   

4,399,850

$   

2,046,690

$   

2,353,160

$   

No

• 63 Completed attached lots including four with

foundations and three partially Completed

townhomes (averaging 1,657sqft) located in Clark

County, WA.

Construction/Land

Development

$       412,398

-

$              

467,673

$      

412,398

$      

-

$              

412,398

$      

No

• Three substantially completed single family

townhomes averaging 1,740sqft located in Clark

County, WA.

Consumer

$       165,180

(50,680)

$       

128,820

$      

114,500

$      

-

$                   

114,500

$      

No

• One single family residence in Clark County,

WA.

TOTAL

4,977,429

$    

(50,680)

$       

4,996,343

$    

4,926,748

$    

2,046,690

$    

2,880,058

$    

4

Construction/Land

Development

6,605,737

$   

(2,075,278)

$  

4,539,996

$   

4,530,459

$   

408,600

$      

4,121,859

$   

Yes

• 17 single family residences in King County, WA.

5

Construction/Land

Development

9,722,371

$    

(5,977,383)

$  

3,744,988

$    

3,744,988

$    

-

$              

3,744,988

$    

Yes

• 65 residential finished lots, 7.72 acres partially

improved land, and 67.45 acres of raw land zoned

for 338 residential lots in Lane County, OR.

6

Commercial Real Estate

3,668,539

$    

-

$              

3,668,539

$    

3,668,539

$    

-

$              

3,668,539

$    

No

• Five gas stations in King County, WA. Received

outside legal counsel's recommendations on

collection strategies which include appointment of

a general receiver, with likely Chapter 11 filings by

all 5 debtors, costs of collection etc. Final strategy

pen

37

15 Largest Nonperforming Loans (cont.)

Data as of January 31, 2012

ID

Loan Type

Unpaid

Principal

Balance

Partial

Charge Offs

Net

Commitment

Net Book

Balance

Specific

Reserves

Book

Balance Net

of Specific

Reserves

TDR

Description

7

Construction/Land

Development

2,817,054

$    

-

$              

2,817,054

$    

2,817,054

$    

-

$              

2,817,054

$    

No

• One 41,431sqft single-tenant retail building

located in Pierce County, WA.

8

Commercial Real Estate

2,196,594

$    

-

$              

2,196,594

$    

2,196,594

$    

-

$              

2,196,594

$    

No

• One gas station in Clackamas County, OR.

Borrower is current with respect to loan payments

and real estate taxes and compliance with

contractual DSCR. Guarantor's global DSCR

remains less than 1.0 to 1.

9

Commercial Real Estate

1,828,044

$    

-

$              

1,828,044

$    

1,828,044

$    

-

$              

1,828,044

$    

No

• Four industrial/warehouse buildings totaling

33,617sqft in King County, WA.

10

1-4 Family

1,296,906

$    

-

$              

1,296,906

$    

1,296,906

$    

-

$              

1,296,906

$    

No

• One owner occupied single family residence in

Clackamas County, OR with current value of

$1.8MM.

11

Construction/Land

Development

1,500,000

$    

(442,500)

$     

1,057,500

$    

1,057,500

$    

319,610

$       

737,890

$       

Yes

• Subordinated deed of trust secured by

Borrower's 5,600sqft single family personal

residence and 36,202sqft office building, both

located in King County, WA.

12

Commercial Business

116,826

$      

-

$              

116,826

$      

116,826

$      

-

$              

116,826

$      

No

• One furniture store in King County, WA. Debtor

has sold the real property for $1.6MM with

closing set for no later than 03/05/2012. SAG LO

has confirmed the buyer's loan is approved and

accepted (copy of commitment letter).

Forbearance agreement in nego

Commercial Real Estate

901,350

$      

-

$              

901,350

$      

901,350

$      

-

$              

901,350

$      

No

• One furniture store in King County, WA. See

above.

TOTAL

1,018,175

$    

-

$              

1,018,175

$    

1,018,175

$    

-

$              

1,018,175

$    

GRAND TOTAL

$  66,538,231

$   (9,416,052)

$  57,267,151

$  57,122,180

$  14,412,965

$  42,709,215

38

10 Largest OREO Properties

Data as of January 31, 2012

ID

Description

Location

Property Type

Sales Status

Original Loan

Balance

LTD Charge-

Offs

Amount

Transferred to

OREO

OREO

Writedowns

Carrying Value

of OREO

1

40.73 acres of commercially zoned land

Thurston County, WA

Commercial Real Estate

Unsold

$9,286,525

($2,216,137)

$7,070,388

($3,660)

$7,066,728

2

Excess raw land planned for 344

residential lots, 298 multi-family units; and

two finished commercial tracts totaling

Thurston County, WA

Construction/ Land

Development

Unsold

$9,447,348

$530,303

$9,977,651

($6,131,801)

$3,845,850

3

Raw land entitlements for 53 residential lots

and 14 multi-family pads supporting 451

units

Pierce County, WA

Construction/ Land

Development

Unsold

$6,212,938

($1,680,358)

$4,532,580

($993,555)

$3,539,025

4

71 residential detached lots and 29

residential attached lots

Thurston County, WA

Construction/ Land

Development

Sold; feasibility through

02/26/12, Closing 03/15/12.

$4,000,000

$0

$4,000,000

($2,387,448)

$1,612,552

5

68 residential finished lots

Kitsap County, WA

Construction/ Land

Development

Unsold

$3,515,177

($996,178)

$2,518,999

($1,186,397)

$1,332,602

6

35 acres of raw land with partial

entitlements for 333 future lots

Kitsap County, WA

Construction/ Land

Development

Unsold

$4,461,390

($997,822)

$3,463,568

($2,210,276)

$1,253,292

7

67 residential finished lots

Pierce County, WA

Construction/ Land

Development

Sold; set to close on or

before 02/28/12.

$7,782,200

($6,200,064)

$1,582,136

($452,278)

$1,129,857

8

25.62 acres of raw land with approvals for

64 attached lots and 49 detached

residential lots.

Thurston County, WA

Construction/ Land

Development

Unsold

$1,637,299

$0

$1,637,299

($856,574)

$780,725

9

18.69 acres of raw land with approval for

84 single family lots.

King County, WA

Construction/ Land

Development

Sold; feasibility ends

02/09/12 and set to close on

or before 04/01/12.

$4,150,000

($2,413,000)

$1,737,000

($1,010,625)

$726,375

10

1.0 acre containing 99-unit mini storage

facility, plus 0.5 acres additional land

Pierce County, WA

Construction/ Land

Development

Unsold

$616,565

$227,362

$843,927

($139,095)

$704,832

$51,109,443

($13,745,894)

$37,363,549

($15,371,709)

$21,991,840

Sales Status Summary

TOTAL

Sold

16%

3,468,784

$          

Unsold

84%

18,523,055

$        

GRAND TOTAL

Source: HomeStreet Inc.

39

Non-GAAP Reconciliation

40

Source: S-1 filing and HomeStreet Inc.

Tangible Common Equity

Month

Ended

($ in millions)

1/31/2012

Common Equity

$96.0

Less: Intangible Assets

0.4

Tangible Common Equity

$95.6

Pre-Tax, Pre-Provision Earnings

Month

Ended

Quarter Ended

($ in millions)

1/31/2012

12/31/2011

9/30/2011

6/30/2011

Income / (loss) before income taxes

$8.2

$6.4

$15.6

$1.3

Add: Provision for loan losses

0.0

0.0

1.0

2.3

Add: OREO expenses

0.7

3.7

9.1

5.7

Add: IPO-related expense

0.0

2.5

0.0

0.0

Pre-tax, pre-provision earnings

8.9

12.6

25.7

9.3

Efficiency Ratio

Month

Ended

Quarter Ended

($ in millions)

1/31/2012

12/31/2011

9/30/2011

6/30/2011

3/31/2011

12/31/2009

Noninterest expense

$8.3

$33.9

$32.6

$27.3

$33.5

$29.2

Less: OREO expense

0.7

3.7

9.1

5.7

11.8

4.2

Adjusted noninterest expense

$7.6

$30.2

$23.5

$21.6

$21.7

$25.0

Net interest income before provisions

4.2

12.9

12.0

11.9

11.6

6.4

Noninterest income

12.3

27.5

37.3

18.9

14.5

9.6

Operating Revenue

16.5

40.4

49.3

30.8

26.1

16.0

Operating efficiency ratio

46.29%

74.78%

47.74%

70.05%

83.31%

156.37%

Efficiency ratio

50.24%

84.08%

66.25%

88.43%

128.42%

182.62%