PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Mid-State Bank

Arroyo Grande, CA · Cert 18396

FDIC

Q1 2007

$2.4BAssets
$1.6BLoans
$2.1BDeposits
$276.7MEquity
Loan mix
84%RE $944.5M15%C&I $173.4M0%Consumer $2.8MQ2 2005Q1 2007
Deposit mix
75%Interest-bearing $1.5B25%Noninterest $0.5BQ2 2005Q1 2007

Executive Summary

  • Earnings: ROA of 1.51%, down 3 bps year over year; NIM at 4.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 77.31% of deposits as of Q1 2007.

Return on Assets (YTD, annualized)

1.51%-3 bps YoY

Net Interest Margin (YTD, annualized)

4.83%-13 bps YoY

Efficiency Ratio (YTD, annualized)

59.83%+231 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.11%Q1 ’055.85%Q1 ’066.30%Q1 ’07+7%-3%

Non-interest income vs. expense

3.14%Q1 ’053.38%Q1 ’063.47%Q1 ’07+16%+1%

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets1.64%1.63%1.62%1.54%1.57%1.57%1.57%1.51%-3 bps
Return on Equity14.06%14.19%14.23%13.93%14.19%14.13%14.03%13.17%-77 bps
Net Interest Margin4.68%4.62%4.66%4.96%5.02%5.03%5.01%4.83%-13 bps
Efficiency Ratio55.42%55.23%55.75%57.53%57.56%57.60%57.99%59.83%+231 bps
Non-Interest Burden2.24%2.22%2.27%2.53%2.54%2.55%2.56%2.57%+4 bps
Growth
Asset Growth (YoY)4.40%4.89%4.16%3.07%-1.00%-2.27%-1.51%0.80%-226 bps
Loan Growth (YoY)12.97%7.38%6.57%6.07%4.79%5.21%3.81%2.65%-342 bps
Deposit Growth (YoY)3.85%5.16%3.94%2.42%-1.85%-4.07%-3.07%0.47%-195 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.20%0.12%-0.01%0.01%-0.01%0.00%0.06%+7 bps
Allowance / Loans0.89%0.76%0.78%0.77%0.75%0.76%0.75%0.73%-4 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital12.16%11.91%11.99%11.79%11.43%11.59%12.24%12.39%+60 bps
Equity / Assets11.44%11.01%11.11%11.04%11.07%11.28%11.53%11.47%+43 bps
Liquidity & Funding
Loans / Deposits73.95%71.50%73.71%75.66%78.95%78.41%78.94%77.31%+164 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a