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Bank of Orange County

Fountain Valley, CA · Cert 23130

FDIC

Q2 2004

$449.9MAssets
$306.4MLoans
$380.4MDeposits
$64.2MEquity
Loan mix
35%RE $33.0M65%C&I $61.7M0%Consumer $0.3MQ2 2003Q2 2004
Deposit mix
55%Interest-bearing $208.0M45%Noninterest $172.4MQ2 2003Q2 2004

NIM

5.49%Q2 ’025.00%Q2 ’035.20%Q2 ’04-2%+5%

Non-interest income vs. expense

4.06%Q2 ’023.48%Q2 ’034.99%Q2 ’04-13%+43%

Executive Summary

  • Earnings: ROA of -1.22%, down 251 bps year over year; NIM at 4.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Funding: loans stand at 80.55% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

-1.22%-251 bps YoY

Net Interest Margin (quarter, annualized)

4.91%+24 bps YoY

Efficiency Ratio (quarter, annualized)

81.41%+1,939 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets1.29%1.54%1.82%1.52%-1.22%-251 bps
Return on Equity9.29%11.12%13.02%10.52%-8.43%-1,772 bps
Net Interest Margin4.66%4.88%5.20%5.00%4.91%+24 bps
Efficiency Ratio62.02%56.84%68.37%56.71%81.41%+1,939 bps
Non-Interest Burden2.75%2.46%3.43%2.56%3.92%+118 bps
Growth
Asset Growth (YoY)37.99%5.99%9.96%4.67%2.94%-3,505 bps
Loan Growth (YoY)24.80%16.33%14.71%14.62%12.51%-1,229 bps
Deposit Growth (YoY)34.83%5.68%1.41%3.56%1.97%-3,286 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.08%-0.26%-0.10%0.03%-0.04%+4 bps
Allowance / Loans1.99%1.81%1.76%1.64%1.63%-36 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 Capital12.41%12.29%12.50%12.93%12.63%+22 bps
Equity / Assets13.84%13.81%14.14%14.73%14.27%+42 bps
Liquidity & Funding
Loans / Deposits73.01%75.72%85.97%80.49%80.55%+755 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a