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Pacific Business Bank

Santa Fe Springs, CA · Cert 25069

FDIC

Q4 2002

$162.7MAssets
$123.6MLoans
$140.5MDeposits
$18.2MEquity
Deposit mix
73%Interest-bearing $103.2M27%Noninterest $37.2MQ4 2001Q4 2002

NIM

8.36%Q1 ’017.37%Q4 ’015.31%Q4 ’02-14%-12%

Non-interest income vs. expense

4.14%Q1 ’014.22%Q4 ’013.91%Q4 ’02-1%+7%

Executive Summary

  • Earnings: ROA of -0.03%, down 12 bps year over year; NIM at 3.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.45%.
  • Funding: loans stand at 87.98% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

-0.03%-12 bps YoY

Net Interest Margin (YTD, annualized)

3.93%-55 bps YoY

Efficiency Ratio (YTD, annualized)

89.87%+1,235 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets0.09%10.07%-0.48%-0.20%-0.03%-12 bps
Return on Equityn/a0.64%-4.12%-1.79%-0.23%n/a
Net Interest Margin4.48%4.26%4.20%3.99%3.93%-55 bps
Efficiency Ratio77.53%87.12%94.04%93.35%89.87%+1,235 bps
Non-Interest Burden3.26%3.63%3.91%3.70%3.49%+23 bps
Growth
Asset Growth (YoY)-8.80%-15.09%-16.05%-5.25%2.45%+1,125 bps
Loan Growth (YoY)-5.67%-1.75%-7.09%-5.50%15.54%+2,120 bps
Deposit Growth (YoY)-10.56%-15.07%-14.87%-2.64%6.80%+1,736 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.25%-0.23%1.14%0.65%0.45%-180 bps
Allowance / Loans1.42%1.64%1.68%1.58%1.52%+10 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 Capital13.77%13.76%13.63%12.88%12.43%-134 bps
Equity / Assets11.49%11.63%11.67%10.76%11.21%-29 bps
Liquidity & Funding
Loans / Deposits81.33%80.86%79.87%79.36%87.98%+665 bps
Liquid Assets / Assets10.72%10.33%10.76%7.92%8.51%-220 bps
CRE / Total Capitaln/an/an/an/an/an/an/a