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Valley Bank

Moreno Valley, CA · Cert 18255

FDIC

Q2 2009

$139.3MAssets
$90.7MLoans
$123.6MDeposits
$9.8MEquity
Loan mix
68%RE $54.9M32%C&I $25.6M0%Consumer $0.0MQ2 2008Q2 2009
Deposit mix
73%Interest-bearing $89.9M27%Noninterest $33.7MQ2 2008Q2 2009

NIM

4.89%Q2 ’073.34%Q2 ’083.49%Q2 ’09-44%+27%

Non-interest income vs. expense

21.58%Q2 ’0718.96%Q2 ’0815.43%Q2 ’09-16%-22%

Executive Summary

  • Earnings: ROA of -5.96%, up 265 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 73.43% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-5.96%+265 bps YoY

Net Interest Margin (YTD, annualized)

2.98%+63 bps YoY

Efficiency Ratio (YTD, annualized)

223%-6,140 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-8.61%-9.54%-9.55%-6.20%-5.96%+265 bps
Return on Equity-66.96%-79.77%-85.84%-79.54%-79.01%-1,205 bps
Net Interest Margin2.35%2.54%2.74%3.02%2.98%+63 bps
Efficiency Ratio285%289%279%227%223%-6,140 bps
Non-Interest Burden14.65%15.29%15.26%12.30%11.50%-316 bps
Growth
Asset Growth (YoY)19.65%9.57%8.21%9.97%-7.15%-2,680 bps
Loan Growth (YoY)36.97%98.71%129.30%140.04%56.78%+1,981 bps
Deposit Growth (YoY)37.58%24.01%15.41%19.87%-3.41%-4,098 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.10%2.26%2.04%0.13%0.13%-96 bps
Allowance / Loans3.04%2.32%2.27%2.27%2.34%-70 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 Capital22.54%14.90%11.96%13.08%11.11%-1,144 bps
Equity / Assets11.30%9.35%7.62%7.94%7.04%-426 bps
Liquidity & Funding
Loans / Deposits45.24%62.77%75.13%67.47%73.43%+2,819 bps
Liquid Assets / Assets0.08%0.09%0.10%0.26%0.28%+19 bps
CRE / Total Capitaln/an/an/an/an/an/an/a