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Letter portraitLegal landscapeQuarterYTD

First Community Bank of the Desert

Indian Wells, CA · Cert 23232

FDIC

Q4 2001

$147.1MAssets
$117.2MLoans
$133.8MDeposits
$11.9MEquity
Loan mix
11%RE $5.2M88%C&I $39.6M1%Consumer $0.2MQ4 2000Q4 2001
Deposit mix
60%Interest-bearing $80.5M40%Noninterest $53.4MQ4 2000Q4 2001

NIM

7.78%Q1 ’016.79%Q3 ’016.08%Q4 ’01-13%-6%

Non-interest income vs. expense

4.25%Q1 ’014.08%Q3 ’013.06%Q4 ’01-1%-33%

Executive Summary

  • Earnings: ROA of 1.66%, up 55 bps year over year; NIM at 4.99%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.48%.
  • Funding: loans stand at 87.58% of deposits as of Q4 2001.

Financial Results

Return on Assets (quarter, annualized)

1.66%+55 bps YoY

Net Interest Margin (quarter, annualized)

4.99%

Efficiency Ratio (quarter, annualized)

52.28%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets1.11%1.48%1.28%1.24%1.66%+55 bps
Return on Equityn/an/a16.78%15.59%20.53%n/a
Net Interest Marginn/a6.12%5.32%5.31%4.99%n/a
Efficiency Ration/a59.97%59.93%66.48%52.28%n/a
Non-Interest Burdenn/a3.28%2.85%3.25%2.19%n/a
Growth
Asset Growth (YoY)9.31%11.58%-0.45%3.52%10.86%+156 bps
Loan Growth (YoY)24.30%15.31%18.53%15.57%29.09%+479 bps
Deposit Growth (YoY)8.43%10.86%-1.69%2.50%10.37%+194 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.09%0.09%-0.02%0.48%n/a
Allowance / Loansn/a1.69%1.68%1.59%1.30%n/a
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 Capitaln/a10.94%10.67%10.42%10.23%n/a
Equity / Assetsn/a7.53%7.78%8.08%8.08%n/a
Liquidity & Funding
Loans / Deposits74.88%70.70%78.01%82.07%87.58%+1,270 bps
Liquid Assets / Assets0.00%1.74%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a