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Oceanic Bank

San Francisco, CA · Cert 23502

FDIC

Q2 2012

$158.1MAssets
$113.6MLoans
$95.2MDeposits
$32.8MEquity
Deposit mix
91%Interest-bearing $86.4M9%Noninterest $8.8MQ2 2011Q2 2012

NIM

4.30%Q2 ’104.01%Q2 ’113.71%Q2 ’12+1%-1%

Non-interest income vs. expense

1.91%Q2 ’102.08%Q2 ’111.98%Q2 ’12+10%-6%

Executive Summary

  • Earnings: ROA of 0.82%, up 4 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 119.32% of deposits as of Q2 2012.

Financial Results

Return on Assets (quarter, annualized)

0.82%+4 bps YoY

Net Interest Margin (quarter, annualized)

3.14%-4 bps YoY

Efficiency Ratio (quarter, annualized)

59.97%-243 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets0.78%0.82%0.56%0.81%0.82%+4 bps
Return on Equity4.35%4.48%3.03%4.22%4.07%-28 bps
Net Interest Margin3.18%3.35%3.17%3.37%3.14%-4 bps
Efficiency Ratio62.41%58.30%71.68%61.41%59.97%-243 bps
Non-Interest Burden1.93%1.87%2.23%2.00%1.82%-11 bps
Growth
Asset Growth (YoY)-7.39%-6.27%-10.90%-7.27%-8.47%-108 bps
Loan Growth (YoY)-7.49%-5.54%-4.23%-1.76%-5.47%+202 bps
Deposit Growth (YoY)-1.09%3.94%-4.12%9.00%3.51%+460 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.50%0.34%0.00%0.00%0 bps
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital24.67%24.22%24.70%25.36%27.08%+241 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits130.64%121.91%124.63%117.51%119.32%-1,132 bps
Liquid Assets / Assets3.45%3.06%2.59%2.88%2.83%-62 bps
CRE / Total Capitaln/an/an/an/an/an/an/a