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Lake Community Bank

Lakeport, CA · Cert 25748

FDIC

Q1 2006

$103.5MAssets
$76.2MLoans
$90.3MDeposits
$12.2MEquity
Loan mix
64%RE $10.3M35%C&I $5.6M1%Consumer $0.1MQ1 2005Q1 2006
Deposit mix
88%Interest-bearing $79.8M12%Noninterest $10.5MQ1 2005Q1 2006

NIM

6.09%Q1 ’045.79%Q1 ’056.24%Q1 ’06-6%+3%

Non-interest income vs. expense

2.58%Q1 ’042.47%Q1 ’052.60%Q1 ’06+10%+2%

Executive Summary

  • Earnings: ROA of 2.15%, up 35 bps year over year; NIM at 4.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 84.39% of deposits as of Q1 2006.

Financial Results

Return on Assets (quarter, annualized)

2.15%+35 bps YoY

Net Interest Margin (quarter, annualized)

4.92%+16 bps YoY

Efficiency Ratio (quarter, annualized)

46.48%+29 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets1.80%2.16%2.12%2.06%2.15%+35 bps
Return on Equity19.44%24.15%22.22%19.99%19.14%-30 bps
Net Interest Margin4.76%5.05%5.27%4.95%4.92%+16 bps
Efficiency Ratio46.20%40.50%44.64%45.51%46.48%+29 bps
Non-Interest Burden1.89%1.55%1.85%1.76%1.93%+4 bps
Growth
Asset Growth (YoY)-6.19%-4.94%-10.89%-7.48%-8.39%-219 bps
Loan Growth (YoY)-8.39%-7.45%-8.86%-14.54%-17.62%-923 bps
Deposit Growth (YoY)-4.73%-3.74%-10.58%-6.97%-10.38%-565 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%-0.15%0.00%0.00%0.02%0 bps
Allowance / Loans1.77%1.85%1.90%2.10%2.02%+25 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 Capital10.63%11.51%12.30%13.72%15.32%+469 bps
Equity / Assets8.73%9.14%9.95%10.71%11.78%+304 bps
Liquidity & Funding
Loans / Deposits91.80%88.25%88.35%82.75%84.39%-742 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a