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HomeMy WebLinkAbout2022-12 Investment PortfolioOverview of Portfolio 1 Portfolio Detail 2 Maturities and Outlook 3 Portfolio Performance against benchmarks 4 Cash and Investments by Fund Reports 5 PDPC Report 7 Most recent report (12/31/2022)  Current Investment Updates  Today's Agenda by Nate Malone, Budget & Accounting Manager Finance Department Investment Activity Report Quarter Ended December 31st, 2022 Presented to the Investment Advisory Committee Overview of Main Portfolio Blended 1 Core 2 60 60  825 Blended 1 Core 2 2.33% 1.58% 1 Blended = Liquid (Cash+LGIP) plus Fixed Income Portfolio 2 Core = Main investments of the City defined maturities (Fire Pension is Excluded) Current % Blended Allowed per  policy Current Portfolio (principal value) 29% N/A  $         106,242,383  5% 100% 19,468,359$             42% 75% 154,034,649$          19% 75% 69,371,478$             6% 75% 21,683,176$             0% 25%‐$                           TOTAL INVESTMENTS 100% 370,800,046$          *Excluding Cash the portfolio distribution is 58% LGIP, 8% US Treasury, 26% Agency Securities and  8% CDs 0.073588341 By Institution Current % Blended Allowed by  Policy Current Portfolio (principal value)Maturity Date APY Weighted Yield Blended Current Principal  Balance Cash US Bank ‐ Cash 29%N/A 106,242,383 overnight 0.52% 0.15%106,242,383        US Treasury Securities* 421259A US TREASURY 9,746,094               11/30/2025 1.01% 0.03% 421259B US TREASURY 9,722,266               6/30/2025 1.05% 0.03% Local Government Investment Pool 3920 State Investment Pool 42% 75% 154,034,649 1/1/2023 4.12% 1.71% 154,034,649           US Federal Agency Securities * 319219A FHLMC 10,002,950             9/8/2023 0.24%0.01% FHLMC 4,851,912               12/4/2023 2.04%0.03% FFCB 4,958,950               1/18/2024 1.33%0.02% FNMA 5,165,450               2/5/2024 1.69%0.02% FFCB 5,000,000               3/11/2024 1.55%0.02% FHLB 5,282,650               12/13/2024 1.57%0.02% 319229A FHLMC 4,742,029               2/12/2025 3.55%0.05% 319229B FHLB 9,980,200               9/12/2025 0.42%0.01% 319249A FHLMC 4,947,500               9/23/2025 0.64%0.01% 319249B FNMA 4,722,663               4/24/2026 3.90%0.05% 320239A FNMA 4,672,300               9/24/2026 3.54%0.04% 320259A FHLB 5,044,875               12/10/2027 4.05%0.06% Certificates of Deposit 122244A First Savings Bank Northwest 5,591,721 8/15/2024 2.30%0.03% 122254A First Savings Bank Northwest 5,623,397 8/16/2025 2.40%0.04% 12034A First Savings Bank Northwest 5,468,059 10/30/2023 0.50%0.01% 221233A Commencement Bank 1%5,000,000 2/8/2023 0.35%0.00%5,000,000               Commercial Paper none 0.00% 5% ‐                                N/A N/A N/A ‐                               370,800,046$         370,800,046$      69,371,478            75%19% Cash US Treasury Securities Local Government Investment Pool US Federal Agency Securities (GSE) Certificates of Deposit Commercial Paper 5% 100%19,468,359             By Type Current December 31, 2022 Weighted Average Maturity excluding Fire Pension Duration allowed by Policy Current Duration (in months) Weighted Average Yield excluding Fire Pension 16,683,176             *Held in our safekeeping account at Principal Financial TOTAL CASH & INVESTMENTS 4%20% Cash 29% US Treasury 5%LGIP 41% GSE's 19% CD's 6% Distribution by Type 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% RENTON  CORE RENTON  BLENDED SIP FED FUNDS  RATE 2Y TREAS 1.58% 2.33% 4.12%4.10%4.29% How do we compare? (see Performance Measures) City of Renton Investment Portfoliodate: 12/31/2022Liquid PortfolioInv # Institution InstrumentSettlement DateMaturity Date Effective Rate Weighted YieldWeighted Average # DaysWeighted YieldWeighted Average # DaysPrincipalCASH US Bank (excl RRFA) CASH 12/31/2022 1/1/2023 0.52%0.00212259 0.40819 0.00212259 0.40819 106,242,383$           3920State Investment Pool (excl RRFA)LGIP 12/31/2022 1/1/2023 4.12% 0.02437904 0.59181 0.02437904 0.59181 154,034,649$           TOTALS 2.65% 1 260,277,032             WAY days(Princ/Total)xYTM (Princ/Total)xDays to MaturityCore Portfoliofrom:(Cost/Total)xCoupon (Cost/Total)xDaysYTC (Cost/Total)xCouponYTC(Cost/Total)xDaysInv # Institution InstrumentSettlement DateMaturity Date Coupon/APR Price YTM/APY Weighted YieldWeighted Average # DaysWeighted YieldWeighted Average # DaysCost Amount221233A Commencement Bank  CD 2/8/2021 2/8/2023 0.35% 100.00% 0.35% 0.00015834 1.76434 0.00015834 1.76434 5,000,000                 320239A FHLMC AGENCY 9/11/2020 9/8/2023 0.25%100.03% 0.24% 0.00021730 22.716900.00021730 22.71690 10,002,950               12034A First Savings Bank NW CD 10/30/2020 10/30/2023 0.50% 100.00% 0.50% 0.00024737 14.99074 0.00024737 14.99074 5,468,059                 322239A FHLMC AGENCY 3/25/2022 12/4/2023 0.25%97.04% 2.04% 0.00089555 14.838050.00089555 14.83805 4,851,912                 322249A FFCB AGENCY 2/10/2022 1/18/2024 0.90% 99.18% 1.33% 0.00059685 17.184460.00059685 17.18446 4,958,950                 319249A FNMA AGENCY 11/6/2019 2/5/2024 2.50% 103.31% 1.69% 0.00078939 18.741300.00078939 18.74130 5,165,450                 319249B FFCB AGENCY 12/11/2019 3/11/2024 1.55% 100.00% 1.55% 0.00070129 19.724400.00070129 19.72440 5,000,000                 122244A First Savings Bank NW CD 8/29/2022 8/15/2024 2.27% 100.00% 2.30% 0.00116365 30.00181 0.00116365 30.00181 5,591,721                 319249C FHLB AGENCY 12/13/2019 12/13/2024 2.75% 105.65% 1.57% 0.00075042 34.079140.00075042 34.07914 5,282,650                 322259A FHLMC AGENCY 6/15/2022 2/12/2025 1.50%94.84% 3.55% 0.00152314 33.208740.00152314 33.20874 4,742,029                 421259B TREASURY US TREASURY 12/15/2021 6/30/2025 0.25% 97.22%1.05% 0.00092389 80.22498 0.00092389 80.22498 9,722,266                 122254A First Savings Bank NW CD 8/29/2022 8/16/2025 2.37% 100.00% 2.40% 0.00122112 48.79380 0.00122112 48.79380 5,623,397                 320259A FHLB AGENCY 9/11/2020 9/12/2025 0.38% 99.80% 0.42% 0.00037476 89.035550.00037476 89.03555 9,980,200                 321259A FHLMC AGENCY 8/23/2021 9/23/2025 0.38%98.95% 0.64% 0.00028481 44.630140.00028481 44.63014 4,947,500                 322269B FNMA AGENCY 12/15/2022 4/24/2026 2.13% 94.45% 3.90% 0.00166759 51.703460.00166759 51.70346 4,722,663                 322269A FNMA AGENCY 6/15/2022 9/24/2026 1.88% 93.45% 3.54% 0.00149652 57.620080.00149652 57.62008 4,672,300                 421259A TREASURY US TREASURY 10/27/2021 11/30/2025 0.38% 97.15%1.01% 0.00089063 93.91338 0.00089063 93.91338 9,746,094                 322279A FHLB AGENCY 11/23/2022 12/10/2027 4.25% 100.90% 4.05% 0.00184866 82.390080.00184866 82.39008 5,044,875                 Core Portfolio1.58% 2.10 1.58% 2.10 110,523,014$           Maturing/Callable in next quarterWAY years WAY to Call years to callNew since last quarterMV/(TotalxYTM) MV/(TotalxDays to Mat)/360MV/(TotalxYTM) MV/(TotalxDays to Mat)/360Total Overnight + Main Portfolio2.33% 0.63 2.33% 0.63 370,800,046$           WAY yearsMV/(TotalxYTM) MV/(TotalxDays to Mat)/360Fire Pension Portfolio(Maturity ‐ Settlement)MV ‐ BV BV ‐ Cost (Cost/Total)xCoupon (Cost/Total)xDaysInv # Instrument CUSIPSettlement DateMaturity Date Coupon Weighted YieldWeighted Average # DaysWeighted YieldWeighted Average # DaysCost Basis4310 US TREAS STRIP 912833LP3 11/24/1997 11/15/2023 6.17% 0.00979359 50.62642 0.00979359 50.62642 81,056                       4311 US TREAS STRIP 912803BD4 11/24/1997 11/15/2024 6.16% 0.00880237 97.88347 0.00880237 97.88347 72,983                       4286 US TREAS STRIP 912803BF9 11/15/2003 8/15/2025 5.60% 0.03912651 669.06808 0.03912651 669.06808 356,701                     Total Portfolio5.77% 2 0.98% 2 510,740$                  WAY years(Cost/Total)xCoupon ((Cost/Total)xDays to Maturity)/360Next Call DateNext Call DateFund 611 receives a proportionate share of the Interest Revenue from Overnight and Fixed Income 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.  Maturities and Outlook Outlook:  Core Portfolio Pending Maturities 0‐6 months 6‐12 months 1‐2 years 2‐3 years 3‐5 years Total 5,000,000$ 20,322,921$ 25,998,771$ 44,761,485$ 14,439,838$ 110,523,014$      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 5,000,000$ 20,322,921$ 25,998,771$ 44,761,485$ 14,439,838$ 110,523,014$      $5,000,000  $20,322,921  $25,998,771  $44,761,485  $14,439,838   $‐  $10,000,000  $20,000,000  $30,000,000  $40,000,000  $50,000,000 0‐6 months 6‐12 months 1‐2 years 2‐3 years 3‐5 years Pending Maturities (excluding Overnight and Pension Portfolio) $5,000,000  $20,322,921 $25,998,771  $44,761,485  $14,439,838   $‐  $20,000,000  $40,000,000  $60,000,000 0‐6 months 6‐12 months 1‐2 years 2‐3 years 3‐5 years Pending Maturities IF CALLED AT  NEXT CALL (excluding Overnight and Pension Portfolio) Period Renton  CORE Renton  BLENDED SIP Fed Funds  Rate 2Y TREAS March 2018 1.49% 1.21% 1.58%1.51% 2.28% December 2018 1.78% 1.21% 2.38%2.27% 2.68% June 2019 1.98%1.53%2.51%2.38% 1.81% September 2019 1.98%1.40%2.20%2.04% 1.65% December 2019 1.74% 1.38% 1.77%1.55% 1.61% March 2020 1.85% 1.16% 1.29%0.65% 0.45% June 2020 1.87% 0.73% 0.37%0.08% 0.19% September 2020 1.48% 0.62% 0.21%0.09% 0.13% December 2020 1.30% 0.53% 0.16%0.09% 0.14% March 2021 0.88% 0.41% 0.11%0.07% 0.15% June 2021 0.88% 0.41% 0.08%0.08% 0.20% September 2021 0.84% 0.39% 0.09%0.08% 0.24% December 2021 0.84% 0.35% 0.09%0.08% 0.68% March 2022 0.94% 0.45% 0.23%0.20% 1.91% June 2022 1.16% 0.85% 1.01%1.21% 3.00% September 2022 1.37%1.60%2.56%2.56%3.86% December 2022 1.58%2.33%4.12%4.10%4.29% Renton Cash & Investment (Blended) Portfolio Performance, 5 year trend "Blended" portfolio includes cash and State Investment Pool 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% Renton CORE Renton BLENDED SIP Fed Funds Rate Linear (Renton CORE) Fund Fund Name Cash Investments Total C & I 000 GENERAL 77,568,358$                                                  ‐$                                 77,568,358$                  001 COMMUNITY SERVICES 3,418,842$                                                    ‐$                                 3,418,842$                    003 STREETS 1,786,895$                                                    ‐$                                 1,786,895$                    004 COMM DEV BLOCK GRANT FUND ‐$                                                               ‐$                                  ‐$                                005 Museum 53,860$                                                          ‐$                                 53,860$                          098 ECONOMIC DEVELOPMENT RESERVE 2,606,025$                                                    ‐$                                 2,606,025$                    108 LEASED CITY PROPERTIES (4,961)$                                                           ‐$                                 (4,961)$                           110 SPECIAL HOTEL‐MOTEL TAX 841,537$                                                        ‐$                                 841,537$                        125 ONE PERCENT FOR ART 107,518$                                                        ‐$                                 107,518$                        127 CABLE COMM DEV FUND 474,165$                                                        ‐$                                 474,165$                        130 HOUSING AND SUPPORTIVE SERVICES 6,128,610$                                                    ‐$                                 6,128,610$                    135 SPRINGBROOK WETLANDS BANK 458,127$                                                        ‐$                                 458,127$                        140 POLICE SEIZURE 339,115$                                                        ‐$                                 339,115$                        141 POLICE SEIZURE CSAM 172,607$                                                        ‐$                                 172,607$                        215 GEN GOVT MISC DEBT SERV 5,256,934$                                                    ‐$                                 5,256,934$                    303 COMMUNITY DEVELOP IMPACT MITIG 1,590,065$                                                    ‐$                                 1,590,065$                    304 FIRE IMPACT MITIGATION 2,720,673$                                                    ‐$                                 2,720,673$                    305 TRANSPORTATION IMPACT MITIGATION 6,950,126$                                                    ‐$                                 6,950,126$                    308 REET 1 3,041,671$                                                    ‐$                                 3,041,671$                    309 REET 2 6,007,086$                                                    ‐$                                 6,007,086$                    310 RENTON SD IMPACT MITIGATION 26,306$                                                          ‐$                                 26,306$                          311 ISSAQUAH SD IMPACT MITIGATION ‐$                                                               ‐$                                  ‐$                                312 KENT SD IMPACT MITIGATION ‐$                                                               ‐$                                  ‐$                                316 MUNICIPAL FACILITIES CIP FUND 26,811,984$                                                  ‐$                                 26,811,984$                  317 CAPITAL IMPROVEMENT FUND 13,536,676$                                                  ‐$                                 13,536,676$                  336 Library Construction Fund ‐$                                                               ‐$                                  ‐$                                346 Family First Center 3,712,752$                                                    ‐$                                 3,712,752$                    Total General Funds 163,604,972$                                               ‐$                                163,604,972$                402 AIRPORT 2,563,938$                                                    ‐$                                 2,563,938$                    422 AIRPORT CAPITAL IMPROVEMENT FUND 6,408,222$                                                    ‐$                                 6,408,222$                    Total Airport Funds 8,972,160$                                                    ‐$                                8,972,160$                    404 MUNICIPAL GOLF COURSE SYSTEM FUND 1,533,986$                                                    ‐$                                 1,533,986$                    424 MUNICIPAL GOLF COURSE SYSTEM CIP FUND 441,341$                                                        ‐$                                 441,341$                        Total Golf Course Funds 1,975,327$                                                    ‐$                                1,975,327$                    403 SOLID WASTE UTILITY 4,595,902$                                                    ‐$                                 4,595,902$                    405 WATER OPERATIONS FUND 12,537,711$                                                  ‐$                                 12,537,711$                  406 WASTEWATER OPERATIONS FUND 5,131,961$                                                    ‐$                                 5,131,961$                    407 SURFACE WATER OPERATIONS FUND 15,792,480$                                                  ‐$                                 15,792,480$                  416 KING COUNTY METRO MITIGATION 6,229,862$                                                    ‐$                                 6,229,862$                    425 WATER CIP FUND 36,243,078$                                                  ‐$                                 36,243,078$                  426 WASTEWATER CIP FUND 17,775,376$                                                  ‐$                                 17,775,376$                  427 SURFACE WATER CIP FUND 13,006,873$                                                  ‐$                                 13,006,873$                  471 WATER WORKS RATE STABLIZATION 17,101$                                                          ‐$                                 17,101$                          Total Utility Funds 111,330,345$                                               ‐$                                111,330,345$                501 EQUIPMENT RENTAL 13,365,799$                                                  ‐$                                 13,365,799$                  503 INFORMATION SERVICES 9,150,066$                                                    ‐$                                 9,150,066$                    504 FACILITIES 1,097,163$                                                    ‐$                                 1,097,163$                    505 COMMUNCIATIONS 436,425$                                                        ‐$                                 436,425$                        502 INSURANCE FUND 23,319,248$                                                  ‐$                                 23,319,248$                  512 HEALTH INSURANCE FUND 7,001,745$                                                    ‐$                                 7,001,745$                    522 LEOFF1 RETIREES HEALTHCARE 19,932,164$                                                  ‐$                                 19,932,164$                  611 FIREMEN'S PENSION 8,213,702$                                                   510,740$                        8,724,442$                    650 SPECIAL DEPOSITS 2,084,486$                                                    ‐$                                 2,084,486$                    Total Stand Alone Funds 84,600,797$                                                 510,740$                        85,111,537$                  630 CUSTODIAL FUND 316,445$                                                        ‐$                                 316,445$                        632 PAYROLL CLEARING ACCOUNT ‐$                                                               ‐$                                  ‐$                                901 SURPLUS BANK BALANCE (264,557,662)$                                             264,557,662$                 ‐$                                Total Accounting only funds (264,241,218)$                                             264,557,662$                316,445$                       106,242,383$                                              265,068,403$                371,310,786$                US Treasury 19,468,359$                  7% SIP 154,034,649$                58% GSE's 69,371,478$                  26% CD's 21,683,176$                  8% Total 264,557,663$               71% (of total) Grand Total: Cash & Investments by Fund Fund 901 Summary December 31, 2022 Fund Fund Name 000 GENERAL 001 COMMUNITY SERVICES 003 STREETS 004 COMM DEV BLOCK GRANT FUND 005 Museum 098 ECONOMIC DEVELOPMENT RESERVE 108 LEASED CITY PROPERTIES 110 SPECIAL HOTEL‐MOTEL TAX 125 ONE PERCENT FOR ART 127 CABLE COMM DEV FUND 130 HOUSING AND SUPPORTIVE SERVICES 135 SPRINGBROOK WETLANDS BANK 140 POLICE SEIZURE 141 POLICE SEIZURE CSAM 215 GEN GOVT MISC DEBT SERV 303 COMMUNITY DEVELOP IMPACT MITIG 304 FIRE IMPACT MITIGATION 305 TRANSPORTATION IMPACT MITIGATION 308 REET 1 309 REET 2 310 RENTON SD IMPACT MITIGATION 311 ISSAQUAH SD IMPACT MITIGATION 312 KENT SD IMPACT MITIGATION 316 MUNICIPAL FACILITIES CIP FUND 317 CAPITAL IMPROVEMENT FUND 336 Library Construction Fund 346 Family First Center Total General Funds 402 AIRPORT 422 AIRPORT CAPITAL IMPROVEMENT FUND Total Airport Funds 404 MUNICIPAL GOLF COURSE SYSTEM FUND 424 MUNICIPAL GOLF COURSE SYSTEM CIP FUND Total Golf Course Funds 403 SOLID WASTE UTILITY 405 WATER OPERATIONS FUND 406 WASTEWATER OPERATIONS FUND 407 SURFACE WATER OPERATIONS FUND 416 KING COUNTY METRO MITIGATION 425 WATER CIP FUND 426 WASTEWATER CIP FUND 427 SURFACE WATER CIP FUND 471 WATER WORKS RATE STABLIZATION Total Utility Funds 501 EQUIPMENT RENTAL 503 INFORMATION SERVICES 504 FACILITIES 505 COMMUNCIATIONS 502 INSURANCE FUND 512 HEALTH INSURANCE FUND 522 LEOFF1 RETIREES HEALTHCARE 611 FIREMEN'S PENSION 650 SPECIAL DEPOSITS Total Stand Alone Funds 630 CUSTODIAL FUND 632 PAYROLL CLEARING ACCOUNT 901 SURPLUS BANK BALANCE Total Accounting only funds Grand Total: Cash & Investments by Fund Cash Investments Total C & I% chg 66,543,466$            ‐$                                 66,543,466$               17% 4,097,387$              ‐$                                 4,097,387$                  ‐17% 255,783$                  ‐$                                 255,783$                     599% (79,026)$                  ‐$                                 (79,026)$                      ‐100% 1,452$                      ‐$                                 1,452$                         3610% 2,574,192$              ‐$                                 2,574,192$                  N/A 300,296$                  ‐$                                 300,296$                     ‐102% 878,058$                  ‐$                                 878,058$                     ‐4% 115,601$                  ‐$                                 115,601$                     ‐7% 693,232$                  ‐$                                 693,232$                     ‐32% 2,170,166$              ‐$                                 2,170,166$                  182% 350,454$                  ‐$                                 350,454$                     31% 736,786$                  ‐$                                 736,786$                     ‐54% 173,358$                  ‐$                                 173,358$                     0% 5,208,142$              ‐$                                 5,208,142$                  1% 3,102,243$              ‐$                                 3,102,243$                  ‐49% 2,380,049$              ‐$                                 2,380,049$                  14% 5,072,437$              ‐$                                 5,072,437$                  37% 5,443,378$              ‐$                                 5,443,378$                  ‐44% 9,993,814$              ‐$                                 9,993,814$                  ‐40% ‐$                          ‐$                                  ‐$                              #DIV/0! ‐$                          ‐$                                  ‐$                              0% ‐$                          ‐$                                  ‐$                              0% 13,771,039$            ‐$                                 13,771,039$               95% 13,487,849$            ‐$                                 13,487,849$               0% ‐$                          ‐$                                  ‐$                              0% 8,274,326$              ‐$                                 8,274,326$                  ‐55% 145,544,484$         ‐$                                145,544,484$             12% 2,775,839$              ‐$                                 2,775,839$                  ‐8% 5,407,986$              ‐$                                 5,407,986$                  18% 8,183,824$              ‐$                                8,183,824$                 10% 1,307,727$              ‐$                                 1,307,727$                  17% 401,351$                  ‐$                                 401,351$                     10% 1,709,079$              ‐$                                1,709,079$                 16% 3,673,739$              ‐$                                 3,673,739$                  25% 9,582,724$              ‐$                                 9,582,724$                  31% 6,954,872$              ‐$                                 6,954,872$                  ‐26% 14,693,054$            ‐$                                 14,693,054$               7% 4,987,452$              ‐$                                 4,987,452$                  25% 34,762,473$            ‐$                                 34,762,473$               4% 15,346,658$            ‐$                                 15,346,658$               16% 7,163,787$              ‐$                                 7,163,787$                  82% 16,892$                    ‐$                                 16,892$                       1% 97,181,652$            ‐$                                97,181,652$               15% 9,241,460$              ‐$                                 9,241,460$                  45% 4,944,176$              ‐$                                 4,944,176$                  85% 1,344,095$              ‐$                                 1,344,095$                  ‐18% 401,167$                  ‐$                                 401,167$                     9% 19,259,884$            ‐$                                 19,259,884$               21% 6,188,924$              ‐$                                 6,188,924$                  13% 17,760,686$            ‐$                                 17,760,686$               12% 7,382,444$             698,844$                        8,081,288$                  8% 1,964,147$              ‐$                                 1,964,147$                  6% 68,486,982$           698,844$                        69,185,826$               23% 222,831$                  ‐$                                 222,831$                     42% 61,962$                    ‐$                                 61,962$                       ‐100% (238,489,406)$       238,489,406$                 ‐$                              0% (238,204,613)$       238,489,406$                284,793$                      82,901,407$           239,188,250$                322,089,657$             15% % chg SIP 156,455,550$                66%‐2% GSE's 55,401,310$                  23% 25% CD's 26,632,545$                  11%‐19% Total 238,489,406$               74%11% (of total) (2022 v 2021) Fund 901 Summary compare to last year December 31, 2021 Commencement Bank                46,493,640 17,076,449         37% 5,000,000               10.75% 5.4% $                           ‐    First Financial Northwest Bank              150,370,315 60,954,655         41% 16,683,176             11.09% 0.9% $                           ‐    Total 21,683,176$          Total ‐$                         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 ‐$                         Commencement Bank                52,464,597 16,444,147         31% 5,000,000               9.53% 14.7% $            (5,000,000) First Financial Northwest Bank              149,562,678 59,265,589         40% 16,632,545             11.12%‐2.3% $                           (0) Total 21,632,545$          Total (5,000,000)$            Commencement Bank                54,001,686 21,350,393         40% 10,000,000             18.52% 22.9% $                           ‐    First Financial Northwest Bank              147,525,305 54,738,273         37% 16,632,545             11.27%‐4.8% $                           ‐    Total 26,632,545$          Total ‐$                         Commencement Bank **               52,624,315 20,491,511         39% 10,000,000             19.00% 22.3% $            (1,063,731) First Financial Northwest Bank              145,922,053 54,445,518         37% 16,632,545             11.40%‐4.6% $                           ‐    **A portion of our deposits with this bank is within the CDARS Program.Total 26,632,545$          Total (1,063,731)$            CHANGE since last report Depository  WA Proportional Net  Worth  3/31/2021   Total WA Deposits 5/31/2021    % public (PDPC limit 150%)   City of Renton  Deposits  % of net worth (PDPC limit 100%) % public  City of Renton  Deposits  Commencement Bank **               52,705,233 18,937,394         36% 11,063,731             21.40%‐1.4% $                           ‐    First Financial Northwest Bank              142,444,867 59,739,111         42% 16,632,545             11.68%‐1.0% $                           ‐    **A portion of our deposits with this bank is within the CDARS Program.Total 26,632,545$          Total ‐$                         CHANGE since last report Depository  WA Proportional Net  Worth  12/31/2020   Total WA Deposits 2/28/2021    % public (PDPC limit 150%)   City of Renton  Deposits  % of net worth (PDPC limit 100%) % public  City of Renton  Deposits  Commencement Bank **               51,694,341 19,272,232         37% 11,063,731             21.40% 23.0% $      10,000,000.00  First Financial Northwest Bank              140,113,730 60,232,123         43% 16,632,545             11.87% 3.8% $           758,684.61  Pacific Premier (Former Opus)             307,686,539 426,154,882       139%‐                               0.00%‐2.3% $      (5,152,410.68) **A portion of our deposits with this bank is within the CDARS Program.Total 27,696,276$          Total 5,606,273.93$        CHANGE since last report Depository  WA Proportional Net  Worth  9/30/2020   Total WA Deposits 11/30/2020    % public (PDPC limit 150%)   City of Renton  Deposits  % of net worth (PDPC limit 100%)  % public   City of Renton  Deposits  Commencement Bank **               50,708,892 8,454,485           17% 1,063,731               2.10% 16.7% $                           ‐    First Financial Northwest Bank              137,038,407 57,414,305         42% 15,873,861             11.58% 24.1% $                292,277  Pacific Premier (Former Opus)             271,464,935 444,197,579       164% 5,152,411               1.90% 129.0% $                           ‐    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%) 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 September 2021 through November 2021 updated through January 3,2022 CHANGE since last report Depository  WA Proportional Net  Worth  9/30/2021   Total WA Deposits 11/30/2021  % public (PDPC limit 150%)  City of Renton  Deposits % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  CHANGE since last report Depository  WA Proportional Net  Worth  6/30/2021   Total WA Deposits 8/31/2021  % public (PDPC limit 150%)  City of Renton  Deposits % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  PDPC Report June 2021 through August 2021 updated through September 27,2021 PDPC Report March 2021 through May 2021 updated through June 23,2021 PDPC Report December 2020 through February 2021 updated through March 22,2021 PDPC Report September 2020 through November 2020) report updated through December 17, 2020 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  Public Deposit Protection Commission (PDPC) Report PDPC Report December 2021 through February 2022 updated through March 24,2022 CHANGE since last report Depository  WA Proportional Net  Worth  12/31/2021   Total WA Deposits 2/28/2022  % public (PDPC limit 150%)  City of Renton  Deposits % of net worth (PDPC limit 100%) % public   City of Renton  Deposits