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Letter portraitLegal landscapeQuarterYTD

Business Bank of California

San Bernardino, CA · Cert 25070

FDIC

Q4 2003

$698.6MAssets
$418.5MLoans
$597.6MDeposits
$74.0MEquity
Loan mix
33%RE $18.2M67%C&I $36.7M0%Consumer $0.0MQ4 2002Q4 2003
Deposit mix
63%Interest-bearing $375.4M37%Noninterest $222.2MQ4 2002Q4 2003

NIM

6.55%Q4 ’016.10%Q4 ’025.22%Q4 ’03+10%-9%

Non-interest income vs. expense

4.27%Q4 ’013.94%Q4 ’023.57%Q4 ’03-6%-17%

Executive Summary

  • Earnings: ROA of 1.23%, up 5 bps year over year; NIM at 4.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 70.04% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

1.23%+5 bps YoY

Net Interest Margin (YTD, annualized)

4.62%-46 bps YoY

Efficiency Ratio (YTD, annualized)

63.80%-310 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets1.18%1.16%1.17%1.18%1.23%+5 bps
Return on Equity11.23%10.52%10.72%10.85%11.35%+12 bps
Net Interest Margin5.07%4.89%4.77%4.66%4.62%-46 bps
Efficiency Ratio66.90%64.95%64.87%64.75%63.80%-310 bps
Non-Interest Burden3.20%2.95%2.84%2.76%2.67%-53 bps
Growth
Asset Growth (YoY)63.10%3.46%5.92%9.49%11.10%-5,200 bps
Loan Growth (YoY)84.41%-1.78%-0.73%2.12%10.69%-7,372 bps
Deposit Growth (YoY)73.01%1.56%6.10%11.31%12.20%-6,081 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%-0.02%0.04%-0.01%0.00%-3 bps
Allowance / Loans1.44%1.47%1.38%1.41%1.35%-9 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 Capital11.58%11.57%11.01%11.07%11.17%-41 bps
Equity / Assets10.92%11.10%10.73%10.68%10.60%-33 bps
Liquidity & Funding
Loans / Deposits70.99%70.46%71.26%68.74%70.04%-95 bps
Liquid Assets / Assets0.03%0.01%0.01%0.01%0.02%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a