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Letter portraitLegal landscapeQuarterYTD

First Coastal Bank, National Association

El Segundo, CA · Cert 25832

FDIC

Q1 2007

$222.2MAssets
$153.8MLoans
$182.7MDeposits
$20.1MEquity
Loan mix
85%RE $88.8M10%C&I $10.8M4%Consumer $4.6MQ1 2006Q1 2007
Deposit mix
70%Interest-bearing $128.0M30%Noninterest $54.7MQ1 2006Q1 2007

NIM

5.00%Q1 ’056.08%Q1 ’066.62%Q1 ’07-2%+5%

Non-interest income vs. expense

3.48%Q1 ’053.12%Q1 ’063.26%Q1 ’07-15%-5%

Executive Summary

  • Earnings: ROA of 0.91%, up 29 bps year over year; NIM at 3.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 84.19% of deposits as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

0.91%+29 bps YoY

Net Interest Margin (quarter, annualized)

3.97%+19 bps YoY

Efficiency Ratio (quarter, annualized)

70.05%-432 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets0.62%0.64%0.50%0.63%0.91%+29 bps
Return on Equity7.94%8.67%6.48%7.87%10.58%+264 bps
Net Interest Margin3.78%3.68%3.90%3.81%3.97%+19 bps
Efficiency Ratio74.37%75.21%75.09%74.67%70.05%-432 bps
Non-Interest Burden2.71%2.72%2.88%2.75%2.58%-13 bps
Growth
Asset Growth (YoY)13.10%6.48%-1.46%-5.40%-17.95%-3,105 bps
Loan Growth (YoY)4.45%12.08%2.48%4.72%2.78%-167 bps
Deposit Growth (YoY)5.47%0.91%-3.42%4.12%-10.35%-1,582 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.01%0.39%0.00%-0.01%-1 bps
Allowance / Loans0.97%0.95%0.90%0.90%0.92%-6 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 Capital11.85%11.96%12.00%12.04%12.74%+89 bps
Equity / Assets7.06%7.67%7.87%8.25%9.07%+200 bps
Liquidity & Funding
Loans / Deposits73.44%78.34%83.16%82.36%84.19%+1,076 bps
Liquid Assets / Assets0.69%0.75%0.76%0.38%0.28%-41 bps
CRE / Total Capitaln/an/an/an/an/an/an/a