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Spectrum Bank

Montebello, CA · Cert 17433

FDIC

Q2 2008

$177.7MAssets
$79.8MLoans
$135.6MDeposits
$39.8MEquity
Loan mix
65%RE $37.2M35%C&I $19.8M0%Consumer $0.0MQ2 2007Q2 2008
Deposit mix
70%Interest-bearing $94.4M30%Noninterest $41.2MQ2 2007Q2 2008

NIM

5.62%Q2 ’065.94%Q2 ’073.66%Q2 ’08-6%-24%

Non-interest income vs. expense

3.28%Q2 ’063.56%Q2 ’072.60%Q2 ’08+15%-7%

Executive Summary

  • Earnings: ROA of 0.39%, down 41 bps year over year; NIM at 2.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 58.85% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

0.39%-41 bps YoY

Net Interest Margin (YTD, annualized)

2.67%-85 bps YoY

Efficiency Ratio (YTD, annualized)

82.91%+856 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.80%0.72%0.30%0.43%0.39%-41 bps
Return on Equity10.85%9.65%4.05%2.81%2.20%-865 bps
Net Interest Margin3.52%3.47%3.44%2.07%2.67%-85 bps
Efficiency Ratio74.35%76.50%80.06%76.58%82.91%+856 bps
Non-Interest Burden2.29%2.39%2.54%1.50%2.13%-16 bps
Growth
Asset Growth (YoY)-4.83%-5.16%-6.81%13.12%12.01%+1,684 bps
Loan Growth (YoY)1.17%7.78%10.15%13.96%4.61%+344 bps
Deposit Growth (YoY)-5.88%-6.39%-7.67%-4.28%-6.51%-63 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.04%0.29%0.00%0.26%+20 bps
Allowance / Loans1.01%0.99%1.78%1.68%1.67%+66 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital13.61%13.46%13.32%11.99%12.77%-84 bps
Equity / Assets7.82%7.72%7.81%21.35%22.39%+1,457 bps
Liquidity & Funding
Loans / Deposits52.59%51.94%56.12%58.87%58.85%+625 bps
Liquid Assets / Assets40.96%34.57%30.28%0.92%0.29%-4,067 bps
CRE / Total Capitaln/an/an/an/an/an/an/a