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Borel Bank and Trust Company

San Mateo, CA · Cert 23092

FDIC

Q1 2011

$1.5BAssets
$1.2BLoans
$1.3BDeposits
$125.9MEquity
Loan mix
91%RE $697.8M8%C&I $57.6M1%Consumer $9.1MQ1 2010Q1 2011
Deposit mix
82%Interest-bearing $1.1B18%Noninterest $0.2BQ1 2010Q1 2011

NIM

5.95%Q1 ’094.90%Q1 ’104.25%Q1 ’11-11%-6%

Non-interest income vs. expense

2.25%Q1 ’092.37%Q1 ’102.99%Q1 ’11+42%+1%

Executive Summary

  • Earnings: ROA of -0.85%, down 93 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.74%.
  • Funding: loans stand at 90.43% of deposits as of Q1 2011.

Financial Results

Return on Assets (quarter, annualized)

-0.85%-93 bps YoY

Net Interest Margin (quarter, annualized)

3.75%-24 bps YoY

Efficiency Ratio (quarter, annualized)

70.52%+924 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets0.07%-0.62%-3.20%-3.19%-0.85%-93 bps
Return on Equity0.86%-7.29%-39.62%-41.32%-10.54%-1,140 bps
Net Interest Margin3.99%4.28%4.41%3.83%3.75%-24 bps
Efficiency Ratio61.27%54.06%54.07%59.15%70.52%+924 bps
Non-Interest Burden2.49%2.22%2.16%2.09%2.50%+1 bps
Growth
Asset Growth (YoY)15.98%9.16%4.97%0.69%-10.03%-2,601 bps
Loan Growth (YoY)1.69%2.25%1.63%-7.20%-13.75%-1,544 bps
Deposit Growth (YoY)24.22%12.30%1.50%-3.40%-11.58%-3,579 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.51%2.04%3.42%10.56%3.74%+323 bps
Allowance / Loans1.71%2.10%3.58%3.59%3.78%+207 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 Capital11.69%11.60%10.80%11.89%11.92%+22 bps
Equity / Assets8.47%8.61%7.56%7.89%8.28%-19 bps
Liquidity & Funding
Loans / Deposits92.71%95.75%96.06%91.99%90.43%-228 bps
Liquid Assets / Assets11.68%7.66%12.33%12.85%12.57%+90 bps
CRE / Total Capitaln/an/an/an/an/an/an/a