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Yosemite Bank

Mariposa, CA · Cert 22486

FDIC

Q4 2004

$160.8MAssets
$50.3MLoans
$141.9MDeposits
$14.9MEquity
Loan mix
80%RE $16.9M19%C&I $4.0M1%Consumer $0.2MQ4 2003Q4 2004
Deposit mix
67%Interest-bearing $94.6M33%Noninterest $47.3MQ4 2003Q4 2004

NIM

5.05%Q4 ’024.17%Q4 ’034.74%Q4 ’04-14%+22%

Non-interest income vs. expense

4.14%Q4 ’023.66%Q4 ’034.15%Q4 ’04+8%+18%

Executive Summary

  • Earnings: ROA of 1.96%, up 61 bps year over year; NIM at 4.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 35.46% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

1.96%+61 bps YoY

Net Interest Margin (quarter, annualized)

4.03%+72 bps YoY

Efficiency Ratio (quarter, annualized)

64.75%-224 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets1.35%1.64%1.89%1.92%1.96%+61 bps
Return on Equity13.81%17.10%21.41%22.08%21.56%+775 bps
Net Interest Margin3.31%3.49%3.52%3.60%4.03%+72 bps
Efficiency Ratio66.98%60.31%61.87%57.82%64.75%-224 bps
Non-Interest Burden1.51%1.11%1.08%0.68%1.77%+27 bps
Growth
Asset Growth (YoY)6.53%8.36%6.62%9.70%9.39%+286 bps
Loan Growth (YoY)-15.54%2.90%14.49%24.84%34.59%+5,013 bps
Deposit Growth (YoY)6.87%8.89%9.96%8.87%10.60%+373 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.61%0.05%0.03%0.19%0.10%+71 bps
Allowance / Loans1.45%1.31%1.25%1.20%1.15%-29 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 Capital18.50%17.99%17.37%17.70%18.71%+20 bps
Equity / Assets9.98%9.18%8.49%8.91%9.27%-71 bps
Liquidity & Funding
Loans / Deposits29.14%33.27%33.95%33.92%35.46%+632 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