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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

4.23%Q2 ’113.77%Q2 ’123.49%Q2 ’13-6%-7%

Non-interest income vs. expense

4.37%Q2 ’113.95%Q2 ’126.79%Q2 ’13-7%+117%

Executive Summary

  • Earnings: ROA of -2.10%, down 237 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.39%.
  • Funding: loans stand at 68.02% of deposits as of Q2 2013.

Financial Results

Return on Assets (quarter, annualized)

-2.10%-237 bps YoY

Net Interest Margin (quarter, annualized)

3.34%-23 bps YoY

Efficiency Ratio (quarter, annualized)

176.29%+9,090 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.27%-0.18%-0.21%0.03%-2.10%-237 bps
Return on Equity2.84%-1.93%-2.22%0.32%-23.15%-2,598 bps
Net Interest Margin3.57%3.40%3.47%3.38%3.34%-23 bps
Efficiency Ratio85.39%91.30%102.84%93.91%176.29%+9,090 bps
Non-Interest Burden2.90%3.01%3.60%3.11%6.28%+338 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 / Loans0.05%1.55%0.23%-0.06%2.39%+234 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