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San Jose National Bank

San Jose, CA · Cert 23881

FDIC

Q4 2003

$639.5MAssets
$364.0MLoans
$496.3MDeposits
$69.0MEquity
Loan mix
18%RE $24.4M74%C&I $98.6M7%Consumer $9.4MQ4 2002Q4 2003
Deposit mix
92%Interest-bearing $457.6M8%Noninterest $38.7MQ4 2002Q4 2003

NIM

6.48%Q4 ’015.25%Q4 ’024.34%Q4 ’03-17%-8%

Non-interest income vs. expense

10.96%Q4 ’011.06%Q4 ’022.86%Q4 ’03-94%+345%

Executive Summary

  • Earnings: ROA of 0.40%, down 39 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 73.33% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

0.40%-39 bps YoY

Net Interest Margin (quarter, annualized)

3.38%-29 bps YoY

Efficiency Ratio (quarter, annualized)

74.89%+4,977 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.78%0.37%0.53%0.51%0.40%-39 bps
Return on Equity8.42%3.98%5.59%5.08%3.76%-466 bps
Net Interest Margin3.66%3.24%3.04%3.26%3.38%-29 bps
Efficiency Ratio25.12%59.86%72.15%78.70%74.89%+4,977 bps
Non-Interest Burden0.55%1.84%2.11%2.52%2.43%+189 bps
Growth
Asset Growth (YoY)-13.46%-11.52%-9.84%-12.08%-13.58%-12 bps
Loan Growth (YoY)-15.07%-10.75%-16.60%-14.51%-14.73%+34 bps
Deposit Growth (YoY)-1.76%6.19%7.84%3.26%-6.63%-487 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.25%0.72%-0.02%-0.13%0.03%-222 bps
Allowance / Loans2.90%3.25%3.55%3.68%4.01%+111 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 Capital14.13%14.58%15.27%15.81%16.14%+201 bps
Equity / Assets9.55%9.23%9.75%10.23%10.79%+124 bps
Liquidity & Funding
Loans / Deposits80.30%70.41%68.52%69.80%73.33%-697 bps
Liquid Assets / Assets0.01%0.11%0.05%0.06%0.00%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a