PackageTrendsPeer
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Fremont Investment & Loan

Anaheim, CA · Cert 25653

FDIC

Q2 2008

$5.7BAssets
$2.1BLoans
$5.3BDeposits
$229.7MEquity
Deposit mix
100%Interest-bearing $5.3B0%Noninterest $0.0BQ2 2007Q2 2008

NIM

8.37%Q2 ’065.74%Q2 ’073.28%Q2 ’08-42%-112%

Non-interest income vs. expense

2.60%Q2 ’062.21%Q2 ’072.11%Q2 ’08+36%-68%

Executive Summary

  • Earnings: ROA of -2.53%, up 511 bps year over year; NIM at -0.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 39.79% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

-2.53%+511 bps YoY

Net Interest Margin (quarter, annualized)

-0.29%-279 bps YoY

Efficiency Ratio (quarter, annualized)

189.80%+10,109 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets-7.64%0.50%-4.93%-9.85%-2.53%+511 bps
Return on Equity-139.88%8.97%-80.86%-186.45%-58.69%+8,119 bps
Net Interest Margin2.50%1.25%0.87%-0.03%-0.29%-279 bps
Efficiency Ratio88.71%34.61%127.15%n/a189.80%+10,109 bps
Non-Interest Burden2.22%-1.51%1.13%5.89%0.70%-151 bps
Growth
Asset Growth (YoY)-16.30%-30.77%-39.91%-54.14%-46.62%-3,032 bps
Loan Growth (YoY)-44.57%-64.52%-70.42%-74.17%-67.96%-2,339 bps
Deposit Growth (YoY)1.64%-16.71%-30.04%-47.41%-46.13%-4,776 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.00%0.01%0.00%0.00%0.01%0 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 Capital5.19%10.46%10.08%7.11%7.89%+270 bps
Equity / Assets5.06%6.30%5.86%4.55%4.06%-100 bps
Liquidity & Funding
Loans / Deposits66.91%51.83%47.26%48.86%39.79%-2,712 bps
Liquid Assets / Assets3.30%25.63%21.69%5.82%34.57%+3,127 bps
CRE / Total Capitaln/an/an/an/an/an/an/a