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North State National Bank

Chico, CA · Cert 23756

FDIC

Q1 2003

$141.7MAssets
$77.3MLoans
$126.6MDeposits
$14.7MEquity
Loan mix
66%RE $26.2M33%C&I $12.9M1%Consumer $0.5MQ1 2002Q1 2003
Deposit mix
81%Interest-bearing $103.1M19%Noninterest $23.5MQ1 2002Q1 2003

NIM

7.27%Q1 ’015.85%Q1 ’024.92%Q1 ’03+6%-10%

Non-interest income vs. expense

2.26%Q1 ’012.15%Q1 ’021.98%Q1 ’03-6%-7%

Executive Summary

  • Earnings: ROA of 1.69%, up 19 bps year over year; NIM at 3.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 61.07% of deposits as of Q1 2003.

Financial Results

Return on Assets (quarter, annualized)

1.69%+19 bps YoY

Net Interest Margin (quarter, annualized)

3.84%-44 bps YoY

Efficiency Ratio (quarter, annualized)

47.30%+129 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets1.50%1.46%1.49%1.38%1.69%+19 bps
Return on Equity15.98%15.90%16.00%14.29%16.82%+84 bps
Net Interest Margin4.28%4.15%4.14%4.06%3.84%-44 bps
Efficiency Ratio46.01%44.38%45.45%47.97%47.30%+129 bps
Non-Interest Burden1.76%1.65%1.70%1.74%1.64%-12 bps
Growth
Asset Growth (YoY)11.45%16.29%11.38%12.02%4.06%-739 bps
Loan Growth (YoY)3.45%1.83%5.93%12.46%7.53%+408 bps
Deposit Growth (YoY)11.65%16.18%11.46%11.80%2.87%-879 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.28%0.01%-0.01%0.04%+5 bps
Allowance / Loans1.37%1.28%1.21%1.13%1.20%-17 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 Capital15.78%15.46%15.48%15.10%17.50%+172 bps
Equity / Assets9.27%9.05%9.63%9.74%10.39%+113 bps
Liquidity & Funding
Loans / Deposits58.42%56.17%60.92%63.69%61.07%+265 bps
Liquid Assets / Assets4.32%0.97%1.38%1.20%0.89%-343 bps
CRE / Total Capitaln/an/an/an/an/an/an/a