First National Bank of Central California

Salinas, CA · Cert 25185

FDIC

Q4 2001

$1.2BAssets

$902.2MLoans

$1.1BDeposits

$100.3MEquity

Loan mix

Deposit mix

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.

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.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	1.54%	1.54%	1.04%	1.14%	1.22%	1.37%	1.21%	1.45%	+31 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	17.34%	14.93%	17.80%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	4.80%	4.59%	4.74%	4.44%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	59.46%	59.11%	64.71%	48.50%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	2.52%	2.35%	2.76%	1.42%	n/a
Growth
Asset Growth (YoY)	11.27%	10.25%	27.16%	29.33%	26.33%	22.35%	0.93%	4.94%	-2,439 bps
Loan Growth (YoY)	18.98%	22.13%	38.81%	28.02%	30.80%	27.82%	10.52%	16.93%	-1,109 bps
Deposit Growth (YoY)	7.87%	7.97%	25.00%	32.59%	29.41%	24.09%	0.58%	3.69%	-2,890 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.13%	-0.01%	0.15%	0.74%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	1.57%	1.52%	1.54%	1.56%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	10.63%	10.55%	10.49%	10.56%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	7.78%	7.96%	8.21%	8.12%	n/a
Liquidity & Funding
Loans / Deposits	73.36%	75.25%	73.31%	73.05%	74.15%	77.52%	80.55%	82.38%	+933 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.35%	0.21%	0.15%	0.13%	+13 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a