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Community Bank of Central California

Salinas, CA · Cert 24243

FDIC

Q4 2005

$1.2BAssets
$969.7MLoans
$1.1BDeposits
$106.4MEquity
Loan mix
49%RE $175.7M50%C&I $181.7M1%Consumer $2.7MQ4 2004Q4 2005
Deposit mix
68%Interest-bearing $758.4M32%Noninterest $360.4MQ4 2004Q4 2005

NIM

5.08%Q4 ’035.57%Q4 ’046.71%Q4 ’05+13%+14%

Non-interest income vs. expense

2.44%Q4 ’032.54%Q4 ’042.00%Q4 ’05+10%-21%

Executive Summary

  • Earnings: ROA of 2.02%, up 82 bps year over year; NIM at 5.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 1.47%.
  • Funding: loans stand at 86.67% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

2.02%+82 bps YoY

Net Interest Margin (quarter, annualized)

5.12%+64 bps YoY

Efficiency Ratio (quarter, annualized)

36.49%-1,497 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.19%1.31%1.52%1.78%2.02%+82 bps
Return on Equity14.29%16.05%18.51%21.54%23.85%+957 bps
Net Interest Margin4.48%4.47%4.57%4.72%5.12%+64 bps
Efficiency Ratio51.46%47.96%48.50%44.65%36.49%-1,497 bps
Non-Interest Burden2.09%1.97%2.02%1.90%1.65%-44 bps
Growth
Asset Growth (YoY)12.27%14.42%19.02%14.29%7.61%-466 bps
Loan Growth (YoY)19.14%19.92%16.82%9.52%4.47%-1,467 bps
Deposit Growth (YoY)12.08%14.70%18.58%14.97%6.01%-608 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.06%0.01%-0.02%-1.47%-147 bps
Allowance / Loans1.75%1.87%1.88%1.91%2.18%+42 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 Capital10.55%11.05%11.31%11.56%11.58%+104 bps
Equity / Assets8.07%8.27%8.15%8.36%8.55%+48 bps
Liquidity & Funding
Loans / Deposits87.95%87.67%82.68%83.43%86.67%-128 bps
Liquid Assets / Assets0.01%0.01%0.27%0.33%0.32%+31 bps
CRE / Total Capitaln/an/an/an/an/an/an/a