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First Regional Bank

Los Angeles, CA · Cert 23011

FDIC

Q4 2009

$2.1BAssets
$1.9BLoans
$1.7BDeposits
$120.3MEquity
Loan mix
82%RE $1.1B18%C&I $0.2B0%Consumer $0.0BQ4 2008Q4 2009
Deposit mix
74%Interest-bearing $1.2B26%Noninterest $0.4BQ4 2008Q4 2009

NIM

8.15%Q4 ’075.65%Q4 ’083.74%Q4 ’09-34%-28%

Non-interest income vs. expense

2.98%Q4 ’072.35%Q4 ’084.14%Q4 ’09-22%+115%

Executive Summary

  • Earnings: ROA of -1.90%, down 33 bps year over year; NIM at 2.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.48%.
  • Funding: loans stand at 116.80% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

-1.90%-33 bps YoY

Net Interest Margin (quarter, annualized)

2.55%-99 bps YoY

Efficiency Ratio (quarter, annualized)

182.88%+12,153 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-1.57%-0.32%-18.12%-0.14%-1.90%-33 bps
Return on Equity-16.67%-3.36%-232%-2.31%-32.25%-1,558 bps
Net Interest Margin3.55%2.74%2.54%2.77%2.55%-99 bps
Efficiency Ratio61.35%84.44%107.20%102.40%182.88%+12,153 bps
Non-Interest Burden2.06%2.27%2.75%2.84%4.43%+237 bps
Growth
Asset Growth (YoY)13.31%6.87%-7.15%-9.46%-15.33%-2,864 bps
Loan Growth (YoY)13.56%4.67%-7.03%-13.59%-16.70%-3,026 bps
Deposit Growth (YoY)23.59%29.21%0.43%-9.94%-22.62%-4,621 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.58%0.12%19.97%0.79%1.48%-211 bps
Allowance / Loans2.63%2.94%2.84%2.89%3.42%+79 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 Capital10.34%11.13%7.15%7.46%7.09%-325 bps
Equity / Assets9.12%9.68%5.77%6.01%5.78%-334 bps
Liquidity & Funding
Loans / Deposits108.50%104.85%107.40%107.58%116.80%+830 bps
Liquid Assets / Assets0.08%0.08%0.61%0.66%0.72%+64 bps
CRE / Total Capitaln/an/an/an/an/an/an/a