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Ojai Valley Bank

Ojai, CA · Cert 21017

FDIC

Q3 2003

$87.9MAssets
$32.5MLoans
$79.7MDeposits
$8.0MEquity
Loan mix
61%RE $8.7M34%C&I $4.9M5%Consumer $0.7MQ3 2002Q3 2003
Deposit mix
70%Interest-bearing $55.7M30%Noninterest $23.9MQ3 2002Q3 2003

NIM

6.72%Q3 ’015.98%Q3 ’025.06%Q3 ’03+3%-13%

Non-interest income vs. expense

3.25%Q3 ’013.43%Q3 ’023.36%Q3 ’03+5%+5%

Executive Summary

  • Earnings: ROA of 1.07%, down 44 bps year over year; NIM at 4.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 40.82% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

1.07%-44 bps YoY

Net Interest Margin (YTD, annualized)

4.37%-64 bps YoY

Efficiency Ratio (YTD, annualized)

68.42%+871 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.51%1.34%1.20%1.14%1.07%-44 bps
Return on Equity16.77%14.76%13.18%12.66%11.86%-491 bps
Net Interest Margin5.01%4.95%4.84%4.56%4.37%-64 bps
Efficiency Ratio59.71%63.37%65.35%67.13%68.42%+871 bps
Non-Interest Burden2.69%2.87%2.96%2.87%2.82%+13 bps
Growth
Asset Growth (YoY)6.10%3.94%3.69%9.15%5.28%-82 bps
Loan Growth (YoY)7.63%7.84%11.29%-4.37%-6.44%-1,408 bps
Deposit Growth (YoY)5.94%3.66%3.36%9.50%5.51%-44 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.08%-0.05%-0.08%-0.11%-0.02%+6 bps
Allowance / Loans1.90%1.90%1.90%2.00%2.03%+13 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 Capital17.76%17.21%17.32%17.10%17.79%+3 bps
Equity / Assets9.28%9.15%9.09%8.84%9.12%-16 bps
Liquidity & Funding
Loans / Deposits46.03%46.10%44.61%42.04%40.82%-521 bps
Liquid Assets / Assets36.31%35.88%33.45%36.01%32.67%-364 bps
CRE / Total Capitaln/an/an/an/an/an/an/a