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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 ’016.13%Q4 ’015.73%Q4 ’02-25%+13%

Non-interest income vs. expense

4.14%Q1 ’014.51%Q4 ’013.90%Q4 ’02+4%+1%

Executive Summary

  • Earnings: ROA of 0.49%, up 180 bps year over year; NIM at 4.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 87.98% of deposits as of Q4 2002.

Financial Results

Return on Assets (quarter, annualized)

0.49%+180 bps YoY

Net Interest Margin (quarter, annualized)

4.37%+50 bps YoY

Efficiency Ratio (quarter, annualized)

80.80%-997 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets-1.31%0.07%-1.04%0.33%10.49%+180 bps
Return on Equity-11.82%0.64%-8.91%2.92%4.44%+1,625 bps
Net Interest Margin3.87%4.26%4.06%3.81%4.37%+50 bps
Efficiency Ratio90.77%87.12%101.38%91.68%80.80%-997 bps
Non-Interest Burden3.41%3.63%4.13%3.49%3.45%+4 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 / Loans6.24%-0.23%2.52%-0.13%-0.01%-625 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