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Bank of Walnut Creek

Walnut Creek, CA · Cert 23273

FDIC

Q3 2006

$542.5MAssets
$440.8MLoans
$396.0MDeposits
$54.8MEquity
Loan mix
49%RE $62.5M51%C&I $65.8M0%Consumer $0.6MQ3 2005Q3 2006
Deposit mix
64%Interest-bearing $252.5M36%Noninterest $143.5MQ3 2005Q3 2006

NIM

5.80%Q3 ’046.71%Q3 ’057.80%Q3 ’06+5%+8%

Non-interest income vs. expense

3.41%Q3 ’043.19%Q3 ’053.01%Q3 ’06-3%-7%

Executive Summary

  • Earnings: ROA of 1.75%, up 23 bps year over year; NIM at 5.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.14%.
  • Funding: loans stand at 111.31% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

1.75%+23 bps YoY

Net Interest Margin (quarter, annualized)

5.62%+43 bps YoY

Efficiency Ratio (quarter, annualized)

49.74%-717 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.51%1.81%1.52%1.75%1.75%+23 bps
Return on Equity17.24%20.36%16.97%19.41%18.20%+96 bps
Net Interest Margin5.19%5.46%5.43%5.42%5.62%+43 bps
Efficiency Ratio56.90%50.38%57.99%54.45%49.74%-717 bps
Non-Interest Burden2.78%2.51%2.98%2.76%2.58%-19 bps
Growth
Asset Growth (YoY)9.65%9.99%9.06%9.49%1.51%-814 bps
Loan Growth (YoY)3.63%5.88%10.15%12.73%12.10%+847 bps
Deposit Growth (YoY)9.66%6.94%4.92%1.48%-8.82%-1,848 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.01%-0.02%0.08%-0.14%-13 bps
Allowance / Loans1.90%1.86%1.77%1.68%1.72%-18 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 Capital11.58%11.60%11.61%11.63%12.34%+76 bps
Equity / Assets8.74%8.99%8.87%9.11%10.09%+135 bps
Liquidity & Funding
Loans / Deposits90.54%94.80%97.67%104.12%111.31%+2,077 bps
Liquid Assets / Assets2.65%2.46%2.17%2.08%1.78%-87 bps
CRE / Total Capitaln/an/an/an/an/an/an/a