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Sunstate Bank

Casa Grande, AZ · Cert 25333

FDIC

Q1 2007

$197.6MAssets
$107.4MLoans
$159.2MDeposits
$17.4MEquity
Loan mix
70%RE $58.4M29%C&I $24.1M1%Consumer $0.7MQ1 2006Q1 2007
Deposit mix
55%Interest-bearing $86.8M45%Noninterest $72.4MQ1 2006Q1 2007

NIM

4.85%Q1 ’055.61%Q1 ’066.14%Q1 ’07+8%+0%

Non-interest income vs. expense

3.34%Q1 ’053.45%Q1 ’064.06%Q1 ’07+14%+13%

Executive Summary

  • Earnings: ROA of 1.19%, up 7 bps year over year; NIM at 4.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 67.51% of deposits as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

1.19%+7 bps YoY

Net Interest Margin (quarter, annualized)

4.65%+2 bps YoY

Efficiency Ratio (quarter, annualized)

77.36%+851 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets1.12%1.53%1.34%1.83%1.19%+7 bps
Return on Equity15.62%22.19%18.37%22.82%13.79%-183 bps
Net Interest Margin4.63%4.84%4.67%4.74%4.65%+2 bps
Efficiency Ratio68.86%67.48%71.42%72.75%77.36%+851 bps
Non-Interest Burden3.09%3.16%3.22%3.33%3.48%+39 bps
Growth
Asset Growth (YoY)30.32%22.66%16.37%0.66%-7.57%-3,789 bps
Loan Growth (YoY)10.39%17.60%12.08%11.52%9.97%-42 bps
Deposit Growth (YoY)26.10%16.43%-1.40%-2.24%-11.70%-3,780 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.06%0.63%-0.04%-0.02%0.14%+20 bps
Allowance / Loans1.40%1.23%1.30%1.06%1.03%-37 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 Capital14.76%14.42%14.68%14.17%14.79%+3 bps
Equity / Assets6.92%6.87%7.68%8.37%8.83%+191 bps
Liquidity & Funding
Loans / Deposits54.21%59.83%68.86%66.65%67.51%+1,330 bps
Liquid Assets / Assets2.42%0.88%0.76%37.32%36.94%+3,452 bps
CRE / Total Capitaln/an/an/an/an/an/an/a