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Sanwa Bank California

San Francisco, CA · Cert 20589

FDIC

Q1 2002

$11.5BAssets
$8.7BLoans
$8.0BDeposits
$2.4BEquity
Loan mix
73%RE $5.3B27%C&I $1.9B0%Consumer $0.0BQ1 2001Q1 2002
Deposit mix
64%Interest-bearing $5.1B36%Noninterest $2.9BQ1 2001Q1 2002

NIM

7.42%Q1 ’010.85%Q1 ’02-85%

Non-interest income vs. expense

3.34%Q1 ’010.48%Q1 ’02-84%

Executive Summary

  • Earnings: ROA of 0.18%, down 137 bps year over year; NIM at 0.68%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.18%.
  • Funding: loans stand at 108.84% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

0.18%-137 bps YoY

Net Interest Margin (quarter, annualized)

0.68%-389 bps YoY

Efficiency Ratio (quarter, annualized)

59.41%+54 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets1.55%1.56%1.50%0.43%0.18%-137 bps
Return on Equityn/a15.87%15.01%4.18%1.14%n/a
Net Interest Margin4.57%4.35%5.91%4.51%0.68%-389 bps
Efficiency Ratio58.86%52.19%68.96%68.88%59.41%+54 bps
Non-Interest Burden2.24%1.12%3.77%2.83%0.35%-189 bps
Growth
Asset Growth (YoY)-1.96%-4.35%18.39%12.72%27.35%+2,931 bps
Loan Growth (YoY)7.43%3.38%25.51%22.79%17.79%+1,036 bps
Deposit Growth (YoY)-7.40%-8.39%10.17%10.77%21.74%+2,914 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.08%0.34%0.04%1.26%1.18%+125 bps
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital12.04%12.45%11.81%12.19%12.09%+5 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits112.48%112.46%114.00%108.66%108.84%-365 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a