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Broadway Bank

Chicago, IL · Cert 22853

FDIC

Q1 2010

$1.1BAssets
$871.7MLoans
$1.0BDeposits
$28.4MEquity
Deposit mix
97%Interest-bearing $991.9M3%Noninterest $31.5MQ1 2009Q1 2010

NIM

9.40%Q1 ’086.80%Q1 ’095.10%Q1 ’10-46%-53%

Non-interest income vs. expense

0.77%Q1 ’081.12%Q1 ’091.55%Q1 ’10+56%+32%

Executive Summary

  • Earnings: ROA of -0.92%, down 54 bps year over year; NIM at 1.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.05%.
  • Funding: loans stand at 85.17% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-0.92%-54 bps YoY

Net Interest Margin (quarter, annualized)

1.38%-155 bps YoY

Efficiency Ratio (quarter, annualized)

102.98%+6,534 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-0.38%-6.94%-1.69%-16.09%-0.92%-54 bps
Return on Equity-5.87%-112.52%-31.09%-404%-34.82%-2,895 bps
Net Interest Margin2.93%2.16%1.46%1.40%1.38%-155 bps
Efficiency Ratio37.64%122.95%124.39%260%102.98%+6,534 bps
Non-Interest Burden1.07%2.67%1.82%3.83%1.42%+35 bps
Growth
Asset Growth (YoY)7.88%5.54%-0.18%-1.65%-12.21%-2,009 bps
Loan Growth (YoY)10.69%7.40%-3.36%-6.37%-12.15%-2,284 bps
Deposit Growth (YoY)17.07%13.56%6.17%4.57%-6.26%-2,333 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.31%-0.02%3.61%18.13%1.05%-126 bps
Allowance / Loans2.49%4.45%4.01%2.23%2.39%-10 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 Capital10.31%8.01%8.07%4.53%4.42%-589 bps
Equity / Assets6.68%5.65%5.24%2.63%2.68%-400 bps
Liquidity & Funding
Loans / Deposits90.88%89.26%86.50%82.91%85.17%-571 bps
Liquid Assets / Assets0.14%0.03%7.14%8.27%3.94%+380 bps
CRE / Total Capitaln/an/an/an/an/an/an/a