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Central Sierra Bank

San Andreas, CA · Cert 23579

FDIC

Q2 2003

$147.9MAssets
$83.2MLoans
$128.7MDeposits
$10.7MEquity
Loan mix
80%RE $19.2M19%C&I $4.6M1%Consumer $0.3MQ2 2002Q2 2003
Deposit mix
77%Interest-bearing $99.6M23%Noninterest $29.1MQ2 2002Q2 2003

NIM

7.19%Q2 ’015.40%Q2 ’024.85%Q2 ’03-4%-4%

Non-interest income vs. expense

3.45%Q2 ’013.35%Q2 ’025.13%Q2 ’03-4%+66%

Executive Summary

  • Earnings: ROA of -0.88%, down 157 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 64.61% of deposits as of Q2 2003.

Financial Results

Return on Assets (quarter, annualized)

-0.88%-157 bps YoY

Net Interest Margin (quarter, annualized)

3.62%-15 bps YoY

Efficiency Ratio (quarter, annualized)

114.26%+4,069 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.69%0.87%0.80%0.71%-0.88%-157 bps
Return on Equity9.14%11.24%10.30%9.08%-11.73%-2,087 bps
Net Interest Margin3.77%4.04%3.93%3.85%3.62%-15 bps
Efficiency Ratio73.57%69.05%72.57%74.09%114.26%+4,069 bps
Non-Interest Burden2.57%2.54%2.60%2.62%4.26%+169 bps
Growth
Asset Growth (YoY)-4.43%-4.74%-1.67%3.16%10.94%+1,538 bps
Loan Growth (YoY)2.01%3.26%8.75%12.75%0.34%-167 bps
Deposit Growth (YoY)-5.00%-5.06%-1.82%3.23%12.08%+1,708 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.07%0.01%0.00%0.01%+1 bps
Allowance / Loans1.43%1.40%1.40%1.40%1.83%+40 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 Capital12.65%12.61%12.94%13.02%12.87%+22 bps
Equity / Assets7.76%7.74%7.85%7.75%7.27%-49 bps
Liquidity & Funding
Loans / Deposits72.17%73.34%73.05%70.38%64.61%-756 bps
Liquid Assets / Assets26.84%19.96%15.93%15.22%22.48%-436 bps
CRE / Total Capitaln/an/an/an/an/an/an/a