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Vintage Bank, The

Napa, CA · Cert 25853

FDIC

Q1 2007

$659.5MAssets
$454.7MLoans
$484.2MDeposits
$65.0MEquity
Loan mix
59%RE $151.9M40%C&I $103.1M0%Consumer $0.8MQ1 2006Q1 2007
Deposit mix
68%Interest-bearing $327.6M32%Noninterest $156.6MQ1 2006Q1 2007

NIM

5.53%Q1 ’056.04%Q1 ’066.23%Q1 ’07+5%-16%

Non-interest income vs. expense

3.63%Q1 ’053.75%Q1 ’063.67%Q1 ’07+5%-2%

Executive Summary

  • Earnings: ROA of 0.84%, down 46 bps year over year; NIM at 4.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 93.91% of deposits as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

0.84%-46 bps YoY

Net Interest Margin (quarter, annualized)

4.30%-84 bps YoY

Efficiency Ratio (quarter, annualized)

74.19%+988 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets1.29%1.39%1.43%1.45%0.84%-46 bps
Return on Equity14.08%15.09%15.46%15.15%8.54%-554 bps
Net Interest Margin5.14%4.91%4.55%4.72%4.30%-84 bps
Efficiency Ratio64.30%58.41%57.76%57.81%74.19%+988 bps
Non-Interest Burden3.08%2.58%2.36%2.49%3.02%-6 bps
Growth
Asset Growth (YoY)7.60%7.76%3.03%8.68%7.95%+36 bps
Loan Growth (YoY)7.34%10.98%19.40%11.15%5.22%-212 bps
Deposit Growth (YoY)4.10%-5.49%-13.63%-7.89%-6.09%-1,020 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.01%0.04%0.01%-0.03%-4 bps
Allowance / Loans1.16%1.12%1.07%1.10%1.12%-4 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 Capital11.86%11.71%12.08%12.64%13.09%+123 bps
Equity / Assets9.26%9.11%9.42%9.74%9.86%+59 bps
Liquidity & Funding
Loans / Deposits83.82%93.76%99.64%96.00%93.91%+1,010 bps
Liquid Assets / Assets0.02%0.02%0.00%0.00%0.00%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a