HomeMy WebLinkAbout2024-Q4 Investment PortfolioOverview of portfolio 1
Portfolio detail 2
Maturities and outlook 3
Portfolio performance against benchmarks 4
Cash and investments by fund 5
PDPC report 6
Most recent report (11/30/2024)
Investment emerging issues
Today's agenda
by Nate Malone, Budget & Accounting Manager
Finance
Department
Investment Activity Report
Quarter Ended December 31st, 2024
Presented to the Investment Advisory Committee
Overview of Main Portfolio
Blended1 Core2
60 60
13 30
Blended1 Core2
3.89% 3.43%
1 Blended = Liquid (Cash+LGIP) plus Core Portfolio
2 Core = Main investments of the city defined maturities (fire pension is excluded)
Current %
Blended
Allowed by
policy
Current Portfolio
(principal value)
12%N/A $ 52,752,467
16%100%72,268,594$
46%75%210,139,670$
20%75%90,220,451$
6%75%27,028,128$
0%25%-$
CORE PORTFOLIO INVESTMENTS 100%452,409,310$
Fire Pension Portfolio 356,701$
TOTAL CASH AND INVESTMENTS 452,766,011$
*Excluding cash the portfolio distribution is 52% LGIP, 18% US Treasury, 23% Agency Securities and 7% CDs 0.180826614
By Institution Current %
Blended
Allowed by
policy
Current Portfolio
(principal value)Maturity Date APY
Weighted
Yield
Blended
Current
Principal
Balance
Cash US Bank - Cash 12%N/A 52,752,467 overnight 2.75% 0.32%52,752,467
US Treasury Securities*
421259B TREASURY 9,722,266 6/30/2025 1.05% 0.02%
421259A TREASURY 9,746,094 11/30/2025 1.01% 0.02%
424269A TREASURY 5,064,325 7/31/2026 3.64% 0.04%
324269A TREASURY 4,715,039 11/30/2026 4.17% 0.04%
424279A TREASURY 4,969,922 1/15/2027 4.22% 0.05%
424279B TREASURY 4,763,281 2/28/2027 4.13% 0.04%
423279A TREASURY 4,891,016 6/30/2027 3.83% 0.04%
424289B TREASURY 4,509,961 1/31/2028 4.11% 0.04%
423289A TREASURY 4,445,313 3/31/2028 3.77% 0.04%
423289B TREASURY 4,482,700 4/30/2028 3.85% 0.04%
423289C TREASURY 4,950,084 8/15/2028 3.86% 0.04%
424289A TREASURY 5,047,656 12/31/2028 3.51% 0.04%
324299E TREASURY 4,960,938 10/31/2029 4.18% 0.05%Local Government Investment Pool3920State Investment Pool 46%75%210,139,670 1/1/2025 4.60% 2.14%210,139,670 US Federal Agency Securities
322259A FHLMC 4,742,029 2/12/2025 3.55%0.04%
320259A FHLB 9,980,200 9/12/2025 0.42%0.01%
321259A FHLMC 4,947,500 9/23/2025 0.64%0.01%
323269A FHLB 5,018,200 3/13/2026 3.99%0.04%
322269B FNMA 4,722,663 4/24/2026 3.90% 0.04%
322269A FNMA 4,672,300 9/24/2026 3.54% 0.04%
323269B FFCB 4,986,918 10/22/2026 3.96% 0.04%
324279A FFCB 5,000,000 5/6/2027 4.75% 0.05%
323279A FFCB 4,975,050 7/14/2027 4.00% 0.04%
324279B FNMA 4,390,625 10/8/2027 4.70% 0.05%
323279B FNMA 4,191,075 11/15/2027 3.85% 0.04%12/10/2027 405%005%323289A FHLB 2,062,040 3/10/2028 3.79% 0.02%
323289B FHLB 4,995,350 6/9/2028 4.02%0.04%
324299A FHLB 5,015,200 2/15/2029 4.10%0.05%
324299C FNMA 5,386,082 5/15/2029 4.50%0.05%
324299B FHLB 5,018,520 6/8/2029 4.54%0.05%
324299D FFCB 5,071,825 12/20/2029 3.57% 0.04%Certificates of Deposit
124274A First Savings Bank Northwest 5,853,567 8/16/2027 4.66%0.06%
122254A First Savings Bank Northwest 5,623,397 8/16/2025 2.40% 0.03%
123284A First Savings Bank Northwest 5,551,164 11/1/2028 4.50% 0.06%
124294A First Savings Bank Northwest 10,000,000 8/8/2029 4.31% 0.10%
Fire Pension Portfolio*
US Treasury Strip 356,701 Multiple 5.60% 0.00%356,701
Commercial Paper
none 0%5%- -
452,766,011$452,766,011$
*Held in our safekeeping account at Principal Financial
TOTAL CASH & INVESTMENTS
20%6%27,028,128
By Type
Current
Weighted Average Maturity
excluding fire pension
Duration allowed by policy
Current Duration (in months)
Weighted Average Yield
excluding fire pension
90,220,451 75%20%
Cash
US Treasury Securities
Local Government Investment Pool
US Federal Agency Securities (GSE)
Certificates of Deposit
Commercial Paper
16% 100%72,268,594
Cash12%
US Treasury
16%LGIP
46%
GSE's
20%
CD's6%
Distribution by Type
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
RENTON CORE RENTON
BLENDED
SIP FED FUNDS
RATE
2Y TREAS
3.43%3.89%
4.60%4.48%4.23%
How do we compare?
(see performance measures)
City of Renton Investment Report Q4 2024 Page 1
City of Renton Investment Portfolio
Liquid Portfolio Date: 12/31/2024
Inv #Institution Instrument Settlement
Date Maturity Date Effective Rate Weighted Yield
Weighted Average #
Days
Weighted Yield Weighted
Average # Days Principal
CASH US Bank CASH 12/31/2024 1/1/2025 2.75%0.00551821 0.20066 0.00551821 0.20066 52,752,467$
3920 State Investment Pool LGIP 12/31/2024 1/1/2025 4.60% 0.03678473 0.79934 0.03678473 0.79934 210,139,670$
TOTALS 4.23%1 262,892,137
WAY days
(Princ/Total)xYTM (Princ/Total)xDays
to Maturity
Core Portfolio (Cost/Total)xCoupon (Cost/Total)xDays
YTC
(Cost/Total)xCoupon
YTC
(Cost/Total)xDays
Inv #Institution Instrument Settlement
Date Maturity Date YTM/APY Weighted Yield
Weighted
Average # Days Weighted Yield Weighted
Average # Days Cost Amount
322259A FHLMC AGENCY 6/15/2022 2/12/2025 3.55% 0.00088827 1.07593 0.00088827 1.07593 4,742,029
421259B TREASURY US TREASURY 12/15/2021 6/30/2025 1.05% 0.00053880 9.28533 0.00053880 9.28533 9,722,266
122254A First Savings Bank NW CD 8/29/2022 8/16/2025 2.40%0.00071213 6.76527 0.00071213 6.76527 5,623,397
320259A FHLB AGENCY 9/11/2020 9/12/2025 0.42% 0.00021855 13.42860 0.00021855 13.42860 9,980,200
321259A FHLMC AGENCY 8/23/2021 9/23/2025 0.64%0.00016610 6.94415 0.00016610 6.94415 4,947,500
421259A TREASURY US TREASURY 10/27/2021 11/30/2025 1.01%0.00051940 17.17626 0.00051940 17.17626 9,746,094
323269A FHLB AGENCY 3/28/2023 3/13/2026 3.99%0.00105651 11.57126 0.00105651 11.57126 5,018,200
322269B FNMA AGENCY 12/15/2022 4/24/2026 3.90%0.00097251 11.93641 0.00097251 11.93641 4,722,663
424269A TREASURY US TREASURY 10/2/2024 7/31/2026 3.64% 0.00097269 15.41874 0.00097269 15.41874 5,064,325
322269A FNMA AGENCY 6/15/2022 9/24/2026 3.54% 0.00087274 15.58114 0.00087274 15.58114 4,672,300
323269B FFCB AGENCY 5/22/2023 10/22/2026 3.96%0.00104129 17.36711 0.00104129 17.36711 4,986,918
324269A TREASURY US TREASURY 11/8/2024 11/30/2026 4.17%0.00103627 17.39057 0.00103627 17.39057 4,715,039
424279A TREASURY US TREASURY 2/9/2024 1/15/2027 4.22%0.00110651 19.53697 0.00110651 19.53697 4,969,922
424279B TREASURY US TREASURY 12/11/2024 2/28/2027 4.13%0.00103786 19.83055 0.00103786 19.83055 4,763,281
324279A FFCB AGENCY 5/24/2024 5/6/2027 4.75%0.00125294 22.58371 0.00125294 22.58371 5,000,000
423279A TREASURY US TREASURY 5/23/2023 6/30/2027 3.83% 0.00098797 23.51088 0.00098797 23.51088 4,891,016
323279A FFCB AGENCY 2/10/2023 7/14/2027 4.00%0.00105013 24.28234 0.00105013 24.28234 4,975,050
124274A First Savings Bank NW CD 8/16/2024 8/16/2027 4.66%0.00143932 29.58949 0.00143932 29.58949 5,853,567
324279B FNMA AGENCY 5/24/2024 10/8/2027 4.70% 0.00108887 23.42227 0.00108887 23.42227 4,390,625
323279B FNMA AGENCY 3/28/2023 11/15/2027 3.85% 0.00085143 23.19810 0.00085143 23.19810 4,191,075
322279A FHLB AGENCY 11/23/2022 12/10/2027 4.05%0.00107811 28.58947 0.00107811 28.58947 5,044,875
424289B TREASURY US TREASURY 12/11/2024 1/31/2028 4.11%0.00097808 26.79555 0.00097808 26.79555 4,509,961
323289A FHLB AGENCY 5/22/2023 3/10/2028 3.79%0.00041194 12.67577 0.00041194 12.67577 2,062,040
423289A TREASURY US TREASURY 5/23/2023 3/31/2028 3.77% 0.00088468 27.81880 0.00088468 27.81880 4,445,313
423289B TREASURY US TREASURY 12/21/2023 4/30/2028 3.85% 0.00091069 28.76237 0.00091069 28.76237 4,482,700
323289B FHLB AGENCY 6/21/2023 6/9/2028 4.02% 0.00105965 33.10602 0.00105965 33.10602 4,995,350
423289C TREASURY US TREASURY 12/21/2023 8/15/2028 3.86% 0.00100822 34.55603 0.00100822 34.55603 4,950,084
123284A First Savings Bank NW CD 11/2/2023 11/1/2028 4.50%0.00131810 41.03681 0.00131810 41.03681 5,551,164
424289A TREASURY US TREASURY 10/2/2024 12/31/2028 3.51%0.00093353 38.91270 0.00093353 38.91270 5,047,656
324299A FHLB AGENCY 2/15/2024 2/15/2029 4.10%0.00108502 39.87980 0.00108502 39.87980 5,015,200
324299C FNMA AGENCY 5/24/2024 5/15/2029 4.50% 0.00127890 45.35835 0.00127890 45.35835 5,386,082
324299B FHLB AGENCY 5/24/2024 6/8/2029 4.54%0.00120222 42.89850 0.00120222 42.89850 5,018,520
124294A First Savings Bank NW CD 8/8/2024 8/8/2029 4.31%0.00227420 88.69909 0.00227420 88.69909 10,000,000
324299E TREASURY US TREASURY 11/8/2024 10/31/2029 4.18%0.00109294 46.20191 0.00109294 46.20191 4,960,938
324299D FFCB AGENCY 10/2/2024 12/20/2029 3.57% 0.00095540 48.57271 0.00095540 48.57271 5,071,825
Core Portfolio 3.43%2.54 3.43%2.54 189,517,172$
Maturing/Callable in next quarter WAY years WAY to Call years to call
New since last quarter MV/(TotalxYTM) MV/(TotalxDays to
Mat)/360
MV/(TotalxYTM) MV/(TotalxDays to
Mat)/360
Total Overnight + Main Portfolio 0.038942904 1.06 1/0/1900 1.06 452,409,310$
WAY years
MV/(TotalxYTM) MV/(TotalxDays to
Mat)/360
Fire Pension Portfolio (Maturity - Settlement)(Cost/Total)xCoupon (Cost/Total)xDays
Inv #Instrument CUSIP Settlement
Date Maturity Date Coupon Weighted Yield
Weighted
Average # Days Weighted Yield Weighted
Average # Days Cost Basis
4286 US TREAS STRIP 912803BF9 11/15/2003 8/15/2025 5.60% 0.05602300 227.00000 0.05602300 227.00000 356,701
Total Portfolio 5.60%1 0.00%1 356,701$
WAY years
(Cost/Total)xCoupon ((Cost/Total)xDays
to Maturity)/360
Fund 611 receives a proportionate share of the interest revenue from liquid and core portfolios as described above
(monthly); interest revenue for pension maturities are recorded upon receipt; accrued interest is recorded only in the
14th period for financial statements.
Interest from State Investment Pool allocated to funds based on cash position, monthly.
Earnings credit on cash recorded annually.
City of Renton Investment Report Q4 2024 Page 2
Maturities and Outlook
Outlook: Core Portfolio Pending Maturities
0-6 months 6-12 months 1-2 years 2-3 years 3-5 years Total
4,742,029$ 40,019,456$ 29,179,444$ 44,079,411$ 71,496,833$ 189,517,172$
3.55%1.10%3.87%4.24%4.04%Average YTM
Outlook: Core Portfolio Pending Maturities (if called at next call)
0-6 months 6-12 months 1-2 years 2-3 years 3-5 years Total
4,742,029$ 40,019,456$ 29,179,444$ 44,079,411$ 71,496,833$ 189,517,172$
$4,742,029
$40,019,456
$29,179,444
$44,079,411
$71,496,833
$-
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
0-6 months 6-12 months 1-2 years 2-3 years 3-5 years
Pending Maturities
(excluding overnight and pension portfolio)
$4,742,029
$40,019,456
$29,179,444
$44,079,411
$71,496,833
$-
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
0-6 months 6-12 months 1-2 years 2-3 years 3-5 years
Pending Maturities (if called at next call)
(excluding overnight and pension portfolio)
City of Renton Investment Report Q4 2024 Page 3
Portfolio Performance Against Benchmarks
5 year trend (blended)
Period Renton CORE Renton BLENDED SIP Fed Funds Rate 2Y TREAS
March 2020 1.85%1.16%1.29%0.65%0.45%
June 2020 1.87%0.73%0.37%0.08%0.19%
September 2020 1.48%0.62%0.21%0.09%0.13%
December 2020 1.30%0.53%0.16%0.09%0.14%
March 2021 0.88%0.41%0.11%0.07%0.15%
June 2021 0.88%0.41%0.08%0.08%0.20%
September 2021 0.84%0.39%0.09%0.08%0.24%
December 2021 0.84%0.35%0.09%0.08%0.68%
March 2022 0.94%0.45%0.23%0.20%1.91%
June 2022 1.16%0.85%1.01%1.21%3.00%
September 2022 1.37%1.60%2.56%2.56%3.86%
December 2022 1.56%2.33%4.12%4.10%4.29%
March 2023 1.91%3.29%4.77%4.65%4.30%
June 2023 2.31%3.56%5.20%5.08%4.64%
September 2023 2.45%3.67%5.39%5.33%5.02%
December 2023 2.72%3.92%5.43%5.33%4.46%
March 2024 2.96%4.28%5.41%5.33%4.59%
June 2024 3.17%4.31%5.40%5.33%4.74%
September 2024 3.27%4.24%5.23%5.13%3.62%
December 2024 3.43%3.89%4.60%4.48%4.23%
"Blended" portfolio includes cash and State Investment Pool
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
Renton CORE Renton BLENDED SIP Fed Funds Rate 2 Year Treasury Linear (Renton CORE)
City of Renton Investment Report Q4 2024 Page 4
Cash Investments by Fund
(year over year comparison)
Fund Name Cash Investments Total C & I Cash Investments Total C & I % chg
GENERAL 114,631,395$ -$ 114,631,395$ 96,971,089$ -$ 96,971,089$ 18%
COMMUNITY SERVICES 3,915,033$ -$ 3,915,033$ 3,489,299$ -$ 3,489,299$ 12%
STREETS 1,793,832$ -$ 1,793,832$ 1,978,458$ -$ 1,978,458$ -9%
MUSEUM 6,597$ -$ 6,597$ 15,970$ -$ 15,970$ -59%
ECONOMIC DEVELOPMENT RESERVE 2,792,198$ -$ 2,792,198$ 2,689,160$ -$ 2,689,160$ 4%
LEASED CITY PROPERTIES 490,021$ -$ 490,021$ 182,824$ -$ 182,824$ 168%
SPECIAL HOTEL-MOTEL TAX 1,230,666$ -$ 1,230,666$ 942,077$ -$ 942,077$ 31%
ONE PERCENT FOR ART 135,446$ -$ 135,446$ 122,809$ -$ 122,809$ 10%
CABLE COMM DEV FUND 372,968$ -$ 372,968$ 379,608$ -$ 379,608$ -2%
HOUSING AND SUPPORTIVE SERVICES 15,511,359$ -$ 15,511,359$ 10,789,610$ -$ 10,789,610$ 44%
SPRINGBROOK WETLANDS BANK 720,182$ -$ 720,182$ 709,479$ -$ 709,479$ 2%
POLICE SEIZURE 794,315$ -$ 794,315$ 731,870$ -$ 731,870$ 9%
POLICE SEIZURE CSAM 132,111$ -$ 132,111$ 169,144$ -$ 169,144$ -22%
AFFORDABLE HOUSING DEVELOPMENT 292,693$ -$ 292,693$ -$ -$ -$ 0%
GEN GOVT MISC DEBT SERV 5,792,446$ -$ 5,792,446$ 5,403,909$ -$ 5,403,909$ 7%
COMMUNITY DEVELOP IMPACT MITIG 355,663$ -$ 355,663$ 676,219$ -$ 676,219$ -47%
FIRE IMPACT MITIGATION 16,316$ -$ 16,316$ 1,660$ -$ 1,660$ 883%
TRANSPORTATION IMPACT MITIGATION 3,597,567$ -$ 3,597,567$ 2,199,572$ -$ 2,199,572$ 64%
REET 1 5,044,428$ -$ 5,044,428$ 1,752,674$ -$ 1,752,674$ 188%
REET 2 2,289,485$ -$ 2,289,485$ 3,125,071$ -$ 3,125,071$ -27%
RENTON SD IMPACT MITIGATION 36,469$ -$ 36,469$ 11,751$ -$ 11,751$ 210%
ISSAQUAH SD IMPACT MITIGATION 62,462$ -$ 62,462$ -$ -$ -$ 0%
KENT SD IMPACT MITIGATION -$ -$ -$ -$ -$ -$ 0%
MUNICIPAL FACILITIES CIP FUND 28,729,920$ -$ 28,729,920$ 22,433,479$ -$ 22,433,479$ 28%
CAPITAL IMPROVEMENT FUND 17,557,311$ -$ 17,557,311$ 16,616,754$ -$ 16,616,754$ 6%
FAMILY FIRST CENTER 3,922,211$ -$ 3,922,211$ 3,634,723$ -$ 3,634,723$ 8%
General funds 210,223,095$ -$ 210,223,095$ 175,027,208$ -$ 175,027,208$ 20%
AIRPORT 7,421,305$ -$ 7,421,305$ 5,430,406$ -$ 5,430,406$ 37%
AIRPORT CAPITAL IMPROVEMENT FUND 5,997,378$ -$ 5,997,378$ 5,942,709$ -$ 5,942,709$ 1%
Airport funds 13,418,683$ -$ 13,418,683$ 11,373,115$ -$ 11,373,115$ 18%
MUNICIPAL GOLF COURSE SYSTEM FUND 2,333,512$ -$ 2,333,512$ 1,848,640$ -$ 1,848,640$ 26%
MUNICIPAL GOLF COURSE SYSTEM CIP FUND 685,824$ -$ 685,824$ 623,767$ -$ 623,767$ 10%
Golf course funds 3,019,336$ -$ 3,019,336$ 2,472,408$ -$ 2,472,408$ 22%
SOLID WASTE UTILITY 4,751,889$ -$ 4,751,889$ 4,991,861$ -$ 4,991,861$ -5%
WATER OPERATIONS FUND 17,159,921$ -$ 17,159,921$ 14,871,670$ -$ 14,871,670$ 15%
WASTEWATER OPERATIONS FUND 7,459,212$ -$ 7,459,212$ 7,200,584$ -$ 7,200,584$ 4%
SURFACE WATER OPERATIONS FUND 12,769,055$ -$ 12,769,055$ 14,253,345$ -$ 14,253,345$ -10%
KING COUNTY METRO MITIGATION 7,619,174$ -$ 7,619,174$ 6,573,197$ -$ 6,573,197$ 16%
WATER CIP FUND 40,585,602$ -$ 40,585,602$ 38,044,785$ -$ 38,044,785$ 7%
WASTEWATER CIP FUND 20,690,422$ -$ 20,690,422$ 19,100,578$ -$ 19,100,578$ 8%
SURFACE WATER CIP FUND 13,895,668$ -$ 13,895,668$ 15,524,542$ -$ 15,524,542$ -10%
WATER WORKS RATE STABLIZATION 18,323$ -$ 18,323$ 17,647$ -$ 17,647$ 4%
Utility funds 124,949,265$ -$ 124,949,265$ 120,578,209$ -$ 120,578,209$ 4%
EQUIPMENT RENTAL 19,596,522$ -$ 19,596,522$ 18,387,261$ -$ 18,387,261$ 7%
INFORMATION SERVICES 9,981,806$ -$ 9,981,806$ 9,521,405$ -$ 9,521,405$ 5%
FACILITIES 2,249,366$ -$ 2,249,366$ 1,253,077$ -$ 1,253,077$ 80%
COMMUNCIATIONS 793,128$ -$ 793,128$ 662,923$ -$ 662,923$ 20%
INSURANCE FUND 25,762,832$ -$ 25,762,832$ 24,722,535$ -$ 24,722,535$ 4%
HEALTH INSURANCE FUND 10,601,778$ -$ 10,601,778$ 9,114,282$ -$ 9,114,282$ 16%
LEOFF1 RETIREES HEALTHCARE 20,611,550$ -$ 20,611,550$ 20,296,983$ -$ 20,296,983$ 2%
FIREMEN'S PENSION 9,244,478$ 356,701$ 9,601,179$ 8,802,857$ 429,684$ 9,232,541$ 4%
SPECIAL DEPOSITS 1,031,815$ -$ 1,031,815$ 1,597,787$ -$ 1,597,787$ -35%
Stand alone funds 99,873,275$ 356,701$ 100,229,976$ 94,359,110$ 429,684$ 94,788,794$ 6%
CUSTODIAL FUND 925,656$ -$ 925,656$ 360,108$ -$ 360,108$ 157%
PAYROLL CLEARING ACCOUNT -$ -$ -$ -$ -$ -$ 0%
SURPLUS BANK BALANCE (399,656,842)$ 399,656,842$ -$ (349,515,024)$ 349,515,024$ -$ 0%
Accounting only funds (398,731,186)$ 399,656,842$ 925,656$ (349,154,916)$ 349,515,024$ 360,108$
Grand Total:52,752,467$ 400,013,544$ 452,766,011$ 54,655,135$ 349,944,707$ 404,599,842$ 12%
% chg
US Treasury 72,268,594$ 18%US Treasury 43,016,768$ 12%68%
SIP 210,139,670$ 53%SIP 208,986,724$ 60%1%
GSE's 90,220,451$ 23%GSE's 80,745,249$ 23%12%
CD's 27,028,128$ 7%CD's 16,766,281$ 5%61%
Total 399,656,842$ 88%Total 349,515,023$ 86%14%
(of total)(of total) (2024 v 2023)
December 31, 2024
Fund 901 Summary Fund 901 Summary
December 31, 2023
City of Renton Investment Report Q4 2024 Page 5
Public Deposit Protection Commission (PDPC) Report
First Financial Northwest Bank 153,809,552 82,366,439 54%27,028,128 17.57%2.3% $- Total 27,028,128$ Total -$
First Financial Northwest Bank 153,896,487 78,939,469 51%27,028,128 17.56%-7.7% $ 10,261,846
Total 27,028,128$ Total -$
First Financial Northwest Bank 151,767,933 89,435,606 59%16,766,281 11.05%-2.2% $-
Total 16,766,281$ Total -$
First Financial Northwest Bank 151,767,933 92,953,845 61%16,766,281 11.24%4.0% $-
Total 16,766,281$ Total -$
First Financial Northwest Bank 149,203,757 85,356,316 57%16,766,281 11.24%2.4% $ 83,105 Total 16,766,281$ Total -$
First Financial Northwest Bank 148,370,627 76,088,118 51%16,683,176 11.24%-3.6% $-
Total 16,683,176$ Total -$
First Financial Northwest Bank 149,068,764 81,774,740 55%16,683,176 11.19%2.9% $-
Total 16,683,176$ Total -$
First Financial Northwest Bank 150,370,315 78,200,502 52%16,683,176 11.09%12.5% $-
Total 16,683,176$ Total -$
Commencement Bank 46,493,640 17,076,449 37%- 0.00%5.4% $ (5,000,000)
First Financial Northwest Bank 150,370,315 60,954,655 41%16,683,176 11.09%0.9% $-
Total 16,683,176$ Total (5,000,000)$
Commencement Bank 46,750,721 16,344,739 35%5,000,000 10.70%35.0% $-
First Financial Northwest Bank 148,174,815 60,661,388 41%16,683,176 11.26%1.4% $ 50,631
Total 21,683,176$ Total -$
Commencement Bank 49,450,820 16,973,164 34%5,000,000 10.11%34.3% $- First Financial Northwest Bank 149,357,709 57,874,819 39%16,632,545 11.14%-0.8% $-
Total 21,632,545$ Total -$
PDPC Report March 2024 through May 2024 updated through June 14, 2024 CHANGE since last report
Depository
WA Proportional Net
Worth
3/31/2024
Total WA Deposits
05/31/2024
% public
(PDPC limit 150%)
City of Renton
Deposits % of net worth
(PDPC limit 100%) % public
City of Renton
Deposits
PDPC Report March 2023 through May 2023 updated through June 14, 2023 CHANGE since last report
Depository
WA Proportional Net
Worth
3/31/2023
Total WA Deposits
5/31/2023
% public
(PDPC limit 150%)
City of Renton
Deposits
% of net worth
(PDPC limit 100%) % public
City of Renton
Deposits
PDPC Report December 2022 through February 2023 updated through March 20, 2023 CHANGE since last report
Depository
WA Proportional Net
Worth
12/31/2022
Total WA Deposits
2/28/2023
% public
(PDPC limit 150%)
City of Renton
Deposits % of net worth
(PDPC limit 100%) % public
City of Renton
Deposits
PDPC Report September 2024 through November 2024 updated through December 16, 2024 CHANGE since last report
Depository
WA Proportional Net
Worth
9/30/2024
Total WA Deposits
11/30/2024
% public
(PDPC limit 150%)
City of Renton
Deposits % of net worth
(PDPC limit 100%) % public
City of Renton
Deposits
PDPC Report March 2022 through May 2022 updated through June 15, 2022 CHANGE since last report
Depository
WA Proportional Net
Worth
3/31/2022
Total WA Deposits
5/31/2022
% public
(PDPC limit 150%)
City of Renton
Deposits % of net worth
(PDPC limit 100%) % public
City of Renton
Deposits
PDPC Report June 2022 through August 2022 updated through September 21, 2022 CHANGE since last report
Depository
WA Proportional Net
Worth
6/30/2022
Total WA Deposits
8/31/2022
% public
(PDPC limit 150%)
City of Renton
Deposits % of net worth
(PDPC limit 100%) % public
City of Renton
Deposits
PDPC Report October 2022 through December 2022 updated through February 7, 2023 CHANGE since last report
Depository
WA Proportional Net
Worth
12/31/2022
Total WA Deposits
12/31/2022
% public
(PDPC limit 150%)
City of Renton
Deposits % of net worth
(PDPC limit 100%) % public
City of Renton
Deposits
PDPC Report June 2023 through August 2023 updated through September 18, 2023 CHANGE since last report
Depository
WA Proportional Net
Worth
6/30/2023
Total WA Deposits
8/31/2023
% public
(PDPC limit 150%)
City of Renton
Deposits % of net worth
(PDPC limit 100%) % public
City of Renton
Deposits
PDPC Report September 2023 through November 2023 updated through December 18, 2023 CHANGE since last report
Depository
WA Proportional Net
Worth
9/30/2023
Total WA Deposits
11/30/2023
% public
(PDPC limit 150%)
City of Renton
Deposits % of net worth
(PDPC limit 100%) % public
City of Renton
Deposits
PDPC Report January 2024 through March 2024 updated through May 8, 2024 CHANGE since last report
Depository
WA Proportional Net
Worth
3/31/2024
Total WA Deposits
03/31/2024
% public
(PDPC limit 150%)
City of Renton
Deposits % of net worth
(PDPC limit 100%) % public
City of Renton
Deposits
PDPC Report June 2024 through August 2024 updated through September 16, 2024 CHANGE since last report
Depository
WA Proportional Net
Worth
6/30/2024
Total WA Deposits
8/31/2024
% public
(PDPC limit 150%)
City of Renton
Deposits % of net worth
(PDPC limit 100%) % public
City of Renton
Deposits
City of Renton Investment Report Q4 2024 Page 6