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Coast Commercial Bank

Santa Cruz, CA · Cert 23681

FDIC

Q4 2003

$605.1MAssets
$236.3MLoans
$442.2MDeposits
$38.7MEquity
Loan mix
63%RE $39.2M35%C&I $21.7M2%Consumer $0.9MQ4 2002Q4 2003
Deposit mix
92%Interest-bearing $405.4M8%Noninterest $36.8MQ4 2002Q4 2003

NIM

6.56%Q4 ’015.32%Q4 ’024.28%Q4 ’03-7%-16%

Non-interest income vs. expense

2.96%Q4 ’012.96%Q4 ’022.91%Q4 ’03+1%+11%

Executive Summary

  • Earnings: ROA of 0.69%, down 61 bps year over year; NIM at 3.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 53.44% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

0.69%-61 bps YoY

Net Interest Margin (YTD, annualized)

3.24%-61 bps YoY

Efficiency Ratio (YTD, annualized)

73.19%+1,258 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets1.31%0.61%0.74%0.63%0.69%-61 bps
Return on Equity21.01%9.49%11.34%9.61%10.66%-1,034 bps
Net Interest Margin3.85%3.33%3.23%3.16%3.24%-61 bps
Efficiency Ratio60.61%81.76%75.96%76.46%73.19%+1,258 bps
Non-Interest Burden2.04%2.67%2.35%2.32%2.26%+23 bps
Growth
Asset Growth (YoY)2.70%1.43%-2.90%-6.97%3.44%+74 bps
Loan Growth (YoY)11.76%7.76%3.27%2.42%-2.25%-1,401 bps
Deposit Growth (YoY)15.13%20.50%10.84%7.05%11.79%-334 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.28%0.10%0.14%0.18%0.16%-12 bps
Allowance / Loans2.06%2.04%2.04%2.07%2.04%-2 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 Capital15.67%15.33%15.67%15.80%15.72%+5 bps
Equity / Assets6.42%6.42%6.80%6.53%6.40%-2 bps
Liquidity & Funding
Loans / Deposits61.12%57.99%54.23%53.28%53.44%-768 bps
Liquid Assets / Assets0.01%0.06%0.07%0.11%0.00%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a