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Sandler O’Neill & Partners West Coast Financial Services Conference March 2, 2010. - 1 -. Private Securities Litigation Reform Act of 1995. Forward-looking statements are those concerning: Performance and events Growth and market forecasts Any other guidance on future performance

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  1. Sandler O’Neill & PartnersWest Coast Financial Services ConferenceMarch 2, 2010 - 1 -

  2. Private Securities Litigation Reform Act of 1995 • Forward-looking statements are those concerning: • Performance and events • Growth and market forecasts • Any other guidance on future performance • These statements are subject to risks and uncertainties. Factors that may cause • actual results to differ materially from those projected include: • Loan portfolio performance • CASB’s ability to attract and retain employees • Competition in the financial marketplace • Interest rates and regulatory changes • World events and their economic impacts • General economic conditions • Do not place undue reliance on forward-looking statements. • Management assumes no obligation to update. • Please see risk factors in CASB’s 10-K and SEC filings. - 2 -

  3. NASDAQ: CASB • Community banking at its best • Established: 1916 in Everett, Washington • Initial Public Offering: 1992 • Commercial Bank Charter: 2001 • 22 branches • $1.7 billion in assets; 5th largest bank headquartered in the Puget Sound Region - 3 -

  4. 22 Branchesin Three CountiesMost RecentOpening: Edmonds BranchMay 2009 - 4 -

  5. Fourth Qtr 2009 Results • Profitable fourth quarter • Provision for loan loss of $8 million; $6.4 million net charge-offs • Allowance for loan losses to total loans at 2.16% • Nonperforming assets totaled 7.33% of total assets • Strong growth in checking deposits • Managing loan portfolio mix with a 37% reduction in real estate construction loans from a year ago • Risk-based capital at 13.14% - 5 -

  6. Checking Deposit Growth - 6 -

  7. Credit Quality 12/31/08 9/30/09 12/31/09 ($ in 000’s) Nonperforming LoansNonperforming Loans/Total LoansNonperforming AssetsNonperforming Assets/Total AssetsProvision for Loan LossesNet Charge-OffsTotal Allowance for Loan Losses/Total Loans $125,68710.21%$132,6548.05% $4,000$3,3682.02% $106,0968.82%$124,9387.33%$8,000$6,3882.16% $40,2783.20%$41,7242.55% $2,400$5061.31% - 7 -

  8. Loan Portfolio by Line of Business 12/31/08 - $1.258 Billion 12/31/09 - $1.203 Billion - 8 -

  9. Questions? - 9 -

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