Millbrae, CA · Cert 23543
FDIC
Q4 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2003, the quarter ended December 31, 2003, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Millbrae, CA · Cert 23543
FDIC
Q4 2003
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.02% | 1.48% | 1.76% | 1.79% | 1.31% | 1.45% | 1.50% | 1.60% | -19 bps | |
| Return on Equity | 19.01% | 27.69% | 31.93% | 31.08% | 18.38% | 19.47% | 19.02% | 19.42% | -1,166 bps | |
| Net Interest Margin | 4.57% | 4.15% | 3.89% | 4.08% | 3.46% | 3.68% | 4.06% | 4.21% | +13 bps | |
| Efficiency Ratio | 29.82% | 28.83% | 27.60% | 28.20% | 40.33% | 39.22% | 40.36% | 38.83% | +1,063 bps | |
| Non-Interest Burden | 1.30% | 1.12% | 0.99% | 1.06% | 1.25% | 1.29% | 1.48% | 1.47% | +42 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 55.93% | 41.30% | 28.74% | 24.46% | -2.08% | -18.63% | -26.67% | -26.56% | -5,101 bps | |
| Loan Growth (YoY) | -2.89% | -5.60% | -6.49% | -0.79% | -1.61% | -7.41% | -12.36% | -8.90% | -811 bps | |
| Deposit Growth (YoY) | -8.61% | 29.52% | 55.89% | 35.52% | 49.71% | -22.00% | -25.33% | -20.60% | -5,613 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 3.20% | 1.66% | 1.49% | 0.89% | 0.15% | 0.48% | 0.70% | 0.68% | -21 bps | |
| Allowance / Loans | 2.86% | 3.03% | 2.87% | 3.07% | 2.97% | 2.99% | 2.96% | 2.68% | -39 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 11.10% | 12.68% | 13.65% | 14.92% | 15.30% | 16.66% | 18.59% | 18.83% | +391 bps | |
| Equity / Assets | 4.52% | 5.27% | 5.98% | 6.72% | 7.54% | 8.18% | 9.33% | 10.06% | +334 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 91.74% | 61.82% | 60.71% | 65.97% | 60.29% | 73.38% | 71.25% | 75.69% | +973 bps | |
| Liquid Assets / Assets | 0.11% | 0.01% | 0.01% | 0.02% | 0.05% | 0.52% | 0.09% | 0.06% | +4 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |