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Santa Barbara Bank & Trust

Santa Barbara, CA · Cert 18169

FDIC

Q3 2012

$6.0BAssets
$3.8BLoans
$4.7BDeposits
$839.5MEquity
Loan mix
92%RE $2.3B6%C&I $0.2B2%Consumer $0.0BQ3 2011Q3 2012
Deposit mix
74%Interest-bearing $3.5B26%Noninterest $1.2BQ3 2011Q3 2012

NIM

-7.67%Q3 ’104.51%Q3 ’114.72%Q3 ’12+193%+8%

Non-interest income vs. expense

-5.32%Q3 ’103.26%Q3 ’113.14%Q3 ’12+156%-22%

Executive Summary

  • Earnings: ROA of 2.29%, up 85 bps year over year; NIM at 4.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 79.68% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

2.29%+85 bps YoY

Net Interest Margin (quarter, annualized)

4.17%+31 bps YoY

Efficiency Ratio (quarter, annualized)

55.46%-1,032 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets1.44%0.86%1.26%1.70%2.29%+85 bps
Return on Equity11.93%6.82%9.78%12.70%16.61%+468 bps
Net Interest Margin3.86%3.94%4.02%4.27%4.17%+31 bps
Efficiency Ratio65.78%76.36%68.84%64.17%55.46%-1,032 bps
Non-Interest Burden2.37%2.95%2.59%2.48%1.86%-52 bps
Growth
Asset Growth (YoY)-6.98%-3.88%-1.69%0.81%2.54%+952 bps
Loan Growth (YoY)-8.80%-3.02%-1.66%0.71%3.80%+1,260 bps
Deposit Growth (YoY)-9.97%-5.98%-3.61%-0.43%1.21%+1,119 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.00%0.03%+2 bps
Allowance / Loans0.12%0.15%0.17%0.18%0.19%+7 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 Capital18.14%18.25%18.75%20.21%21.59%+345 bps
Equity / Assets12.41%12.69%13.17%13.57%14.02%+160 bps
Liquidity & Funding
Loans / Deposits77.70%78.22%80.58%79.84%79.68%+199 bps
Liquid Assets / Assets4.52%2.97%2.53%5.30%8.69%+417 bps
CRE / Total Capitaln/an/an/an/an/an/an/a