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Alliance Bank

Culver City, CA · Cert 23124

FDIC

Q4 2008

$1.1BAssets
$895.9MLoans
$951.1MDeposits
$17.2MEquity
Loan mix
61%RE $455.7M38%C&I $284.0M1%Consumer $6.2MQ4 2007Q4 2008
Deposit mix
89%Interest-bearing $842.1M11%Noninterest $109.0MQ4 2007Q4 2008

NIM

7.76%Q4 ’067.74%Q4 ’075.86%Q4 ’08-8%-38%

Non-interest income vs. expense

2.78%Q4 ’062.77%Q4 ’073.12%Q4 ’08-1%+18%

Executive Summary

  • Earnings: ROA of -5.92%, down 647 bps year over year; NIM at 2.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.99%.
  • Funding: loans stand at 94.19% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-5.92%-647 bps YoY

Net Interest Margin (YTD, annualized)

2.72%-165 bps YoY

Efficiency Ratio (YTD, annualized)

104.59%+4,623 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets0.55%0.31%-2.59%-3.38%-5.92%-647 bps
Return on Equity6.48%4.09%-36.35%-51.40%-106.53%-11,301 bps
Net Interest Margin4.38%3.60%3.10%2.89%2.72%-165 bps
Efficiency Ratio58.36%68.07%71.38%77.68%104.59%+4,623 bps
Non-Interest Burden2.43%2.39%2.13%2.19%2.87%+43 bps
Growth
Asset Growth (YoY)21.77%17.09%13.68%8.64%4.54%-1,723 bps
Loan Growth (YoY)27.23%21.92%9.87%8.31%-0.78%-2,801 bps
Deposit Growth (YoY)20.01%12.01%12.71%1.87%10.53%-948 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.50%0.77%5.74%4.61%5.99%+550 bps
Allowance / Loans1.69%1.63%2.00%2.17%3.08%+139 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 Capital10.16%10.00%8.43%7.01%3.11%-705 bps
Equity / Assets7.82%7.50%6.12%4.91%1.54%-627 bps
Liquidity & Funding
Loans / Deposits104.93%105.82%101.73%106.25%94.19%-1,074 bps
Liquid Assets / Assets10.07%10.32%10.69%14.07%12.01%+195 bps
CRE / Total Capitaln/an/an/an/an/an/an/a