PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Mellon 1st Business Bank

Los Angeles, CA · Cert 23406

FDIC

Q1 2008

$3.2BAssets
$1.1BLoans
$2.4BDeposits
$355.6MEquity
Loan mix
59%RE $444.9M40%C&I $302.4M0%Consumer $1.7MQ1 2007Q1 2008
Deposit mix
65%Interest-bearing $1.6B35%Noninterest $0.8BQ1 2007Q1 2008

NIM

4.78%Q1 ’065.26%Q1 ’074.45%Q1 ’08-6%-7%

Non-interest income vs. expense

1.38%Q1 ’061.50%Q1 ’072.15%Q1 ’08+16%+42%

Executive Summary

  • Earnings: ROA of 0.57%, down 52 bps year over year; NIM at 2.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 47.04% of deposits as of Q1 2008.

Financial Results

Return on Assets (YTD, annualized)

0.57%-52 bps YoY

Net Interest Margin (YTD, annualized)

2.90%-23 bps YoY

Efficiency Ratio (YTD, annualized)

52.46%+965 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets1.09%1.00%0.25%0.39%0.57%-52 bps
Return on Equity10.50%9.61%2.01%2.76%3.72%-678 bps
Net Interest Margin3.13%3.19%0.97%1.43%2.90%-23 bps
Efficiency Ratio42.81%45.07%39.56%41.75%52.46%+965 bps
Non-Interest Burden1.30%1.40%0.49%0.74%1.85%+55 bps
Growth
Asset Growth (YoY)-0.43%-4.42%10.60%7.18%-2.17%-175 bps
Loan Growth (YoY)4.44%4.17%15.57%17.90%21.26%+1,682 bps
Deposit Growth (YoY)-3.91%-10.37%-3.30%-4.90%-2.98%+92 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.02%+2 bps
Allowance / Loans0.86%0.88%0.83%0.90%0.97%+11 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 Capital11.44%11.57%10.40%10.71%11.31%-13 bps
Equity / Assets10.44%10.45%19.12%18.82%11.20%+76 bps
Liquidity & Funding
Loans / Deposits37.63%40.95%44.16%45.22%47.04%+940 bps
Liquid Assets / Assets0.00%0.00%1.20%1.15%1.22%+121 bps
CRE / Total Capitaln/an/an/an/an/an/an/a