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First Bank & Trust

San Francisco, CA · Cert 22912

FDIC

Q4 2002

$3.1BAssets
$2.3BLoans
$2.6BDeposits
$402.0MEquity
Loan mix
22%RE $182.1M78%C&I $661.4M0%Consumer $1.9MQ4 2001Q4 2002
Deposit mix
79%Interest-bearing $2.1B21%Noninterest $0.6BQ4 2001Q4 2002

NIM

8.34%Q1 ’016.90%Q4 ’015.93%Q4 ’02-13%+1%

Non-interest income vs. expense

3.17%Q1 ’012.95%Q4 ’012.82%Q4 ’02-18%+2%

Executive Summary

  • Earnings: ROA of 0.89%, down 114 bps year over year; NIM at 4.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.41%.
  • Funding: loans stand at 87.16% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

0.89%-114 bps YoY

Net Interest Margin (YTD, annualized)

4.36%+6 bps YoY

Efficiency Ratio (YTD, annualized)

54.69%-196 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets2.03%0.86%0.83%0.90%0.89%-114 bps
Return on Equityn/a6.59%6.40%6.92%6.87%n/a
Net Interest Margin4.30%4.41%4.54%4.42%4.36%+6 bps
Efficiency Ratio56.65%52.70%57.85%56.11%54.69%-196 bps
Non-Interest Burden2.04%2.01%2.36%2.19%2.08%+5 bps
Growth
Asset Growth (YoY)1306%12.00%16.03%14.57%3.46%-130,236 bps
Loan Growth (YoY)1937%13.42%10.91%13.40%-0.84%-193,736 bps
Deposit Growth (YoY)1760%10.66%13.78%12.90%3.12%-175,684 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.25%2.11%1.38%1.08%1.41%+116 bps
Allowance / Loans1.84%1.67%1.73%1.87%1.66%-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 Capital11.27%11.06%10.88%10.43%10.18%-109 bps
Equity / Assets13.10%12.94%12.96%12.73%12.77%-33 bps
Liquidity & Funding
Loans / Deposits90.64%92.35%89.91%89.19%87.16%-348 bps
Liquid Assets / Assets0.26%0.19%0.11%0.13%0.07%-19 bps
CRE / Total Capitaln/an/an/an/an/an/an/a