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Letter portraitLegal landscapeQuarterYTD

First National Bank of Central California

Salinas, CA · Cert 25185

FDIC

Q4 2001

$1.2BAssets
$902.2MLoans
$1.1BDeposits
$100.3MEquity
Loan mix
34%RE $122.3M66%C&I $238.8M0%Consumer $1.2MQ4 2000Q4 2001
Deposit mix
79%Interest-bearing $863.2M21%Noninterest $232.0MQ4 2000Q4 2001

NIM

7.68%Q1 ’017.20%Q3 ’016.51%Q4 ’01-1%-6%

Non-interest income vs. expense

3.35%Q1 ’013.64%Q3 ’012.85%Q4 ’01+10%-49%

Executive Summary

  • Earnings: ROA of 1.45%, up 31 bps year over year; NIM at 4.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.74%.
  • Funding: loans stand at 82.38% of deposits as of Q4 2001.

Financial Results

Return on Assets (quarter, annualized)

1.45%+31 bps YoY

Net Interest Margin (quarter, annualized)

4.44%

Efficiency Ratio (quarter, annualized)

48.50%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets1.14%1.22%1.37%1.21%1.45%+31 bps
Return on Equityn/an/a17.34%14.93%17.80%n/a
Net Interest Marginn/a4.80%4.59%4.74%4.44%n/a
Efficiency Ration/a59.46%59.11%64.71%48.50%n/a
Non-Interest Burdenn/a2.52%2.35%2.76%1.42%n/a
Growth
Asset Growth (YoY)29.33%26.33%22.35%0.93%4.94%-2,439 bps
Loan Growth (YoY)28.02%30.80%27.82%10.52%16.93%-1,109 bps
Deposit Growth (YoY)32.59%29.41%24.09%0.58%3.69%-2,890 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.13%-0.01%0.15%0.74%n/a
Allowance / Loansn/a1.57%1.52%1.54%1.56%n/a
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 Capitaln/a10.63%10.55%10.49%10.56%n/a
Equity / Assetsn/a7.78%7.96%8.21%8.12%n/a
Liquidity & Funding
Loans / Deposits73.05%74.15%77.52%80.55%82.38%+933 bps
Liquid Assets / Assets0.00%0.35%0.21%0.15%0.13%+13 bps
CRE / Total Capitaln/an/an/an/an/an/an/a