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Gilmore Bank

Los Angeles, CA · Cert 17523

FDIC

Q2 2013

$171.1MAssets
$130.0MLoans
$150.7MDeposits
$18.2MEquity
Loan mix
65%RE $70.9M30%C&I $32.5M5%Consumer $5.0MQ2 2012Q2 2013
Deposit mix
69%Interest-bearing $104.0M31%Noninterest $46.6MQ2 2012Q2 2013

NIM

4.72%Q2 ’115.72%Q2 ’124.64%Q2 ’13+26%-19%

Non-interest income vs. expense

4.68%Q2 ’114.68%Q2 ’124.37%Q2 ’13+68%-14%

Executive Summary

  • Earnings: ROA of 1.23%, down 31 bps year over year; NIM at 4.48%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.18%.
  • Funding: loans stand at 86.31% of deposits as of Q2 2013.

Financial Results

Return on Assets (quarter, annualized)

1.23%-31 bps YoY

Net Interest Margin (quarter, annualized)

4.48%-102 bps YoY

Efficiency Ratio (quarter, annualized)

80.33%+504 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets1.53%-0.05%0.45%1-0.48%1.23%-31 bps
Return on Equity14.32%-0.41%4.17%-4.56%11.54%-278 bps
Net Interest Margin5.49%3.99%4.15%4.32%4.48%-102 bps
Efficiency Ratio75.29%110.69%105.15%100.93%80.33%+504 bps
Non-Interest Burden3.96%4.48%4.40%4.37%3.41%-55 bps
Growth
Asset Growth (YoY)-2.12%-0.66%2.31%-3.47%-1.55%+58 bps
Loan Growth (YoY)-10.43%-4.79%3.89%13.53%19.53%+2,996 bps
Deposit Growth (YoY)-2.38%-0.56%2.64%-6.20%-1.90%+48 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.62%0.20%0.65%-0.21%-0.18%-80 bps
Allowance / Loans2.19%2.08%1.79%1.84%1.92%-28 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 Capital18.04%17.81%17.13%16.26%17.06%-99 bps
Equity / Assets11.18%11.13%10.64%10.58%10.66%-51 bps
Liquidity & Funding
Loans / Deposits70.83%72.57%75.37%86.16%86.31%+1,548 bps
Liquid Assets / Assets9.05%7.79%6.36%0.12%0.32%-873 bps
CRE / Total Capitaln/an/an/an/an/an/an/a