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Pacific Union Bank

Los Angeles, CA · Cert 21765

FDIC

Q1 2004

$1.2BAssets
$879.8MLoans
$1.0BDeposits
$113.5MEquity
Loan mix
26%RE $78.7M73%C&I $216.5M1%Consumer $2.0MQ1 2003Q1 2004
Deposit mix
76%Interest-bearing $773.0M24%Noninterest $250.3MQ1 2003Q1 2004

NIM

5.45%Q1 ’024.88%Q1 ’034.79%Q1 ’04-11%+0%

Non-interest income vs. expense

3.04%Q1 ’022.58%Q1 ’032.58%Q1 ’04-21%+19%

Executive Summary

  • Earnings: ROA of 1.11%, down 5 bps year over year; NIM at 3.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.07%.
  • Funding: loans stand at 85.99% of deposits as of Q1 2004.

Financial Results

Return on Assets (quarter, annualized)

1.11%-5 bps YoY

Net Interest Margin (quarter, annualized)

3.53%+1 bps YoY

Efficiency Ratio (quarter, annualized)

58.08%+314 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets1.16%1.15%1.19%1.25%1.11%-5 bps
Return on Equity10.65%10.67%11.45%12.54%11.76%+111 bps
Net Interest Margin3.52%3.55%3.54%3.59%3.53%+1 bps
Efficiency Ratio54.94%58.33%57.50%62.00%58.08%+314 bps
Non-Interest Burden1.41%1.62%1.48%1.69%1.67%+27 bps
Growth
Asset Growth (YoY)22.55%20.92%11.55%21.33%32.87%+1,033 bps
Loan Growth (YoY)27.03%33.06%27.25%27.92%20.33%-669 bps
Deposit Growth (YoY)13.36%17.80%8.15%13.53%34.68%+2,132 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%-0.03%0.03%0.14%-0.07%-16 bps
Allowance / Loans1.27%1.24%1.20%1.11%1.16%-12 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 Capital15.38%14.36%14.71%13.80%13.77%-161 bps
Equity / Assets11.00%10.56%10.23%9.74%9.09%-191 bps
Liquidity & Funding
Loans / Deposits96.24%95.14%99.14%101.13%85.99%-1,025 bps
Liquid Assets / Assets8.13%8.50%6.50%5.20%7.50%-63 bps
CRE / Total Capitaln/an/an/an/an/an/an/a