First Community Bank of the Desert

Indian Wells, CA · Cert 23232

FDIC

Q4 2001

$147.1MAssets

$117.2MLoans

$133.8MDeposits

$11.9MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 1.42%, up 31 bps year over year; NIM at 5.27%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
Funding: loans stand at 87.58% of deposits as of Q4 2001.

Return on Assets (YTD, annualized)

1.42%+31 bps YoY

Net Interest Margin (YTD, annualized)

5.27%

Efficiency Ratio (YTD, annualized)

59.68%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	1.27%	1.19%	1.23%	1.11%	1.48%	1.39%	1.34%	1.42%	+31 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	6.12%	5.59%	5.59%	5.27%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	59.97%	59.95%	62.01%	59.68%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	3.28%	3.00%	3.13%	2.80%	n/a
Growth
Asset Growth (YoY)	11.06%	14.17%	13.48%	9.31%	11.58%	-0.45%	3.52%	10.86%	+156 bps
Loan Growth (YoY)	25.97%	18.95%	28.43%	24.30%	15.31%	18.53%	15.57%	29.09%	+479 bps
Deposit Growth (YoY)	10.50%	13.42%	12.34%	8.43%	10.86%	-1.69%	2.50%	10.37%	+194 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.09%	0.08%	0.05%	0.15%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	1.69%	1.68%	1.59%	1.30%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	10.94%	10.67%	10.42%	10.23%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	7.53%	7.78%	8.08%	8.08%	n/a
Liquidity & Funding
Loans / Deposits	67.96%	64.70%	72.78%	74.88%	70.70%	78.01%	82.07%	87.58%	+1,270 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	1.74%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a