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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

4.49%Q2 ’073.12%Q2 ’083.53%Q2 ’09-43%+42%

Non-interest income vs. expense

23.09%Q2 ’0719.23%Q2 ’0814.89%Q2 ’09-22%-24%

Executive Summary

  • Earnings: ROA of -5.53%, up 294 bps year over year; NIM at 3.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 73.43% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

-5.53%+294 bps YoY

Net Interest Margin (quarter, annualized)

3.04%+90 bps YoY

Efficiency Ratio (quarter, annualized)

219%-7,020 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-8.47%-10.85%-9.32%-6.20%-5.53%+294 bps
Return on Equity-65.03%-104.75%-109.44%-79.54%-73.73%-870 bps
Net Interest Margin2.14%3.00%3.44%3.02%3.04%+90 bps
Efficiency Ratio289%297%254%227%219%-7,020 bps
Non-Interest Burden14.73%17.03%15.81%12.30%11.13%-359 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 / Loans2.11%5.08%2.26%0.13%0.14%-197 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