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First Western Bank

Simi Valley, CA · Cert 23357

FDIC

Q1 2002

$226.4MAssets
$117.3MLoans
$207.3MDeposits
$17.7MEquity
Loan mix
25%RE $11.5M70%C&I $32.2M5%Consumer $2.2MQ1 2001Q1 2002
Deposit mix
51%Interest-bearing $105.6M49%Noninterest $101.6MQ1 2001Q1 2002

NIM

7.31%Q1 ’014.99%Q1 ’02-25%

Non-interest income vs. expense

5.50%Q1 ’015.65%Q1 ’02-13%

Executive Summary

  • Earnings: ROA of 0.66%, down 58 bps year over year; NIM at 4.42%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 56.58% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

0.66%-58 bps YoY

Net Interest Margin (quarter, annualized)

4.42%-144 bps YoY

Efficiency Ratio (quarter, annualized)

84.47%+1,077 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets1.24%1.26%1.21%0.96%0.66%-58 bps
Return on Equityn/a14.98%14.24%11.60%8.29%n/a
Net Interest Margin5.87%5.80%5.47%5.06%4.42%-144 bps
Efficiency Ratio73.70%73.14%73.29%79.98%84.47%+1,077 bps
Non-Interest Burden3.91%3.74%3.43%3.58%3.39%-52 bps
Growth
Asset Growth (YoY)6.33%8.75%7.89%11.01%15.08%+875 bps
Loan Growth (YoY)22.31%20.68%12.14%10.85%4.59%-1,772 bps
Deposit Growth (YoY)4.96%7.92%7.34%15.14%16.22%+1,127 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.75%0.13%0.79%0.16%0.10%+85 bps
Allowance / Loans1.32%1.20%1.08%1.16%1.13%-20 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 Capital10.69%11.34%12.24%12.58%12.20%+151 bps
Equity / Assets8.30%8.46%8.51%8.09%7.83%-47 bps
Liquidity & Funding
Loans / Deposits62.87%66.17%59.91%59.64%56.58%-630 bps
Liquid Assets / Assets11.05%3.73%4.56%0.96%0.02%-1,103 bps
CRE / Total Capitaln/an/an/an/an/an/an/a