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Valley Independent Bank

El Centro, CA · Cert 23364

FDIC · 103 branches

Q2 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2019, the quarter ended June 30, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Valley Independent Bank

El Centro, CA · Cert 23364

FDIC · 103 branches

Q2 2019

$13.2BAssets
$9.7BLoans
$9.8BDeposits
$1.8BEquity
Loan mix
91%RE $4.7B9%C&I $0.4B0%Consumer $0.0BQ2 2018Q2 2019
Deposit mix
61%Interest-bearing $6.0B39%Noninterest $3.8BQ2 2018Q2 2019

NIM

3.10%Q2 ’173.75%Q2 ’184.05%Q2 ’19+17%+2%

Non-interest income vs. expense

2.23%Q2 ’172.15%Q2 ’182.01%Q2 ’19-1%-15%

Market Position · San Luis Obispo-Paso Robles, CA · 2019 SOD (annual) · 21.8% share · #1 of 15 inst. · $1.5B of $6.9B

21.8% San Luis Obispo
12.4% Placer
12.8% Monterey
9.0% Santa Barbara

Executive Summary

  • Earnings: ROA of 1.74%, up 63 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 2.53% of loans (-2 bps YoY), with net charge-offs at 0.79%.
  • Capital: tier 1 leverage ratio of 11.57%, up 160 bps from a year ago.
  • Funding: loans stand at 98.52% of deposits as of Q2 2019.

Financial Results

Return on Assets (YTD, annualized)

1.74%+63 bps YoY

Net Interest Margin (YTD, annualized)

3.33%+7 bps YoY

Efficiency Ratio (YTD, annualized)

52.86%-659 bps YoY

Tier 1 Leverage Ratio

11.57%+160 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2018Q3 2018Q4 2018Q1 2019Q2 2019YoY ΔTrend
Earnings
Return on Assets1.11%1.12%1.06%2.13%1.74%+63 bps
Return on Equity9.99%9.97%9.36%17.42%13.73%+374 bps
Net Interest Margin3.26%3.26%3.25%3.29%3.33%+7 bps
Efficiency Ratio59.45%59.24%60.24%53.41%52.86%-659 bps
Non-Interest Burden1.73%1.72%1.75%1.50%1.47%-25 bps
Growth
Asset Growth (YoY)-1.09%-0.06%-0.14%-0.84%-2.38%-129 bps
Loan Growth (YoY)1.68%3.00%2.53%2.29%-2.43%-410 bps
Deposit Growth (YoY)-3.91%-2.45%-0.78%-0.07%-1.63%+229 bps
Asset Quality
Nonperforming Loans / Loans2.55%3.09%2.60%2.27%2.53%-2 bps
Net Charge-Offs / Loans0.00%0.01%0.01%1.50%0.79%+79 bps
Allowance / Loans1.33%1.31%1.29%0.52%0.52%-81 bps
Allowance Coverage of NPLs0.5x0.4x0.5x0.2x0.2x-0.3x
Capital
Tier 1 Leverage Ratio9.97%10.24%10.40%10.99%11.57%+160 bps
Total Risk-Based Capital13.34%13.56%13.44%13.73%14.54%+120 bps
Equity / Assets11.41%11.66%11.72%12.76%13.50%+209 bps
Liquidity & Funding
Loans / Deposits99.32%100.81%99.60%99.97%98.52%-81 bps
Liquid Assets / Assets1.49%1.20%0.85%1.10%1.33%-15 bps
CRE / Total Capitaln/an/an/an/an/an/an/a