PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Visalia Community Bank

Visalia, CA · Cert 22496

FDIC

Q2 2013

$197.5MAssets
$118.5MLoans
$174.2MDeposits
$17.6MEquity
Loan mix
74%RE $68.3M22%C&I $20.5M4%Consumer $3.8MQ2 2012Q2 2013
Deposit mix
69%Interest-bearing $120.8M31%Noninterest $53.4MQ2 2012Q2 2013

NIM

4.13%Q2 ’113.80%Q2 ’123.57%Q2 ’13-3%-5%

Non-interest income vs. expense

4.33%Q2 ’113.88%Q2 ’125.50%Q2 ’13-9%+70%

Executive Summary

  • Earnings: ROA of -1.04%, down 138 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.16%.
  • Funding: loans stand at 68.02% of deposits as of Q2 2013.

Financial Results

Return on Assets (YTD, annualized)

-1.04%-138 bps YoY

Net Interest Margin (YTD, annualized)

3.40%-19 bps YoY

Efficiency Ratio (YTD, annualized)

132.02%+4,902 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.34%0.17%0.07%0.03%-1.04%-138 bps
Return on Equity3.64%1.78%0.79%0.32%-11.29%-1,493 bps
Net Interest Margin3.59%3.53%3.49%3.38%3.40%-19 bps
Efficiency Ratio83.01%85.68%89.96%93.91%132.02%+4,902 bps
Non-Interest Burden2.79%2.87%3.03%3.11%4.74%+194 bps
Growth
Asset Growth (YoY)3.88%1.74%1.42%0.22%-2.18%-606 bps
Loan Growth (YoY)-5.12%-5.80%-1.76%-4.35%-6.07%-95 bps
Deposit Growth (YoY)4.10%1.85%1.34%0.21%-0.91%-501 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.51%0.45%-0.06%1.16%+117 bps
Allowance / Loans2.48%2.42%2.52%2.67%2.30%-18 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 Capital14.12%14.13%14.19%13.76%13.25%-87 bps
Equity / Assets9.39%9.39%9.37%9.25%8.91%-48 bps
Liquidity & Funding
Loans / Deposits71.75%71.81%71.07%69.38%68.02%-374 bps
Liquid Assets / Assets18.51%19.39%20.56%22.40%22.47%+396 bps
CRE / Total Capitaln/an/an/an/an/an/an/a