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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 ’016.68%Q4 ’015.89%Q4 ’02-9%0%

Non-interest income vs. expense

3.17%Q1 ’013.15%Q4 ’012.69%Q4 ’02-14%-10%

Executive Summary

  • Earnings: ROA of 0.86%, down 155 bps year over year; NIM at 4.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.37%.
  • Funding: loans stand at 87.16% of deposits as of Q4 2002.

Financial Results

Return on Assets (quarter, annualized)

0.86%-155 bps YoY

Net Interest Margin (quarter, annualized)

4.47%0 bps YoY

Efficiency Ratio (quarter, annualized)

50.58%-689 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets2.41%0.86%0.81%1.02%0.86%-155 bps
Return on Equity18.79%6.59%6.27%7.97%6.73%-1,207 bps
Net Interest Margin4.47%4.41%4.63%4.55%4.47%0 bps
Efficiency Ratio57.47%52.70%62.87%52.86%50.58%-689 bps
Non-Interest Burden2.14%2.01%2.68%2.04%1.92%-22 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 / Loans0.19%2.11%0.64%0.52%2.37%+219 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