PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Peninsula Bank of Commerce

Millbrae, CA · Cert 23543

FDIC

Q4 2003

$394.6MAssets
$198.0MLoans
$261.5MDeposits
$39.7MEquity
Loan mix
49%RE $26.1M49%C&I $25.8M2%Consumer $1.1MQ4 2002Q4 2003
Deposit mix
94%Interest-bearing $245.7M6%Noninterest $15.9MQ4 2002Q4 2003

NIM

6.88%Q4 ’015.51%Q4 ’025.25%Q4 ’03-11%+12%

Non-interest income vs. expense

1.48%Q4 ’011.22%Q4 ’021.58%Q4 ’03-20%+28%

Executive Summary

  • Earnings: ROA of 1.99%, up 18 bps year over year; NIM at 4.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.70%.
  • Funding: loans stand at 75.69% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

1.99%+18 bps YoY

Net Interest Margin (quarter, annualized)

4.37%+47 bps YoY

Efficiency Ratio (quarter, annualized)

34.40%+430 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets1.81%1.31%1.62%1.57%1.99%+18 bps
Return on Equity28.53%18.38%20.59%18.02%20.51%-802 bps
Net Interest Margin3.90%3.46%3.66%3.78%4.37%+47 bps
Efficiency Ratio30.10%40.33%38.09%42.91%34.40%+430 bps
Non-Interest Burden1.07%1.25%1.24%1.48%1.36%+30 bps
Growth
Asset Growth (YoY)24.46%-2.08%-18.63%-26.67%-26.56%-5,101 bps
Loan Growth (YoY)-0.79%-1.61%-7.41%-12.36%-8.90%-811 bps
Deposit Growth (YoY)35.52%49.71%-22.00%-25.33%-20.60%-5,613 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.92%0.15%0.81%1.06%0.70%+161 bps
Allowance / Loans3.07%2.97%2.99%2.96%2.68%-39 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 Capital14.92%15.30%16.66%18.59%18.83%+391 bps
Equity / Assets6.72%7.54%8.18%9.33%10.06%+334 bps
Liquidity & Funding
Loans / Deposits65.97%60.29%73.38%71.25%75.69%+973 bps
Liquid Assets / Assets0.02%0.05%0.52%0.09%0.06%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a