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Sonoma National Bank

Santa Rosa, CA · Cert 25911

FDIC

Q4 2006

$1.4BAssets
$1.2BLoans
$989.8MDeposits
$115.9MEquity
Loan mix
87%RE $132.7M13%C&I $19.2M0%Consumer $0.4MQ4 2005Q4 2006
Deposit mix
96%Interest-bearing $950.2M4%Noninterest $39.6MQ4 2005Q4 2006

NIM

5.78%Q4 ’046.68%Q4 ’057.46%Q4 ’06-4%-9%

Non-interest income vs. expense

1.81%Q4 ’041.46%Q4 ’051.44%Q4 ’06-37%+4%

Executive Summary

  • Earnings: ROA of 1.40%, down 10 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 123.38% of deposits as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

1.40%-10 bps YoY

Net Interest Margin (quarter, annualized)

3.51%-33 bps YoY

Efficiency Ratio (quarter, annualized)

37.28%+303 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets1.50%1.41%1.49%1.39%1.40%-10 bps
Return on Equity19.55%18.01%18.84%17.32%16.82%-273 bps
Net Interest Margin3.85%3.74%3.75%3.59%3.51%-33 bps
Efficiency Ratio34.26%38.47%36.52%38.19%37.28%+303 bps
Non-Interest Burden1.05%1.22%1.12%1.16%1.09%+4 bps
Growth
Asset Growth (YoY)13.95%13.34%11.91%12.18%10.57%-338 bps
Loan Growth (YoY)16.34%15.93%15.01%15.20%10.87%-547 bps
Deposit Growth (YoY)12.12%14.88%6.84%7.01%10.11%-202 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 / Loans0.98%0.97%0.99%0.99%1.02%+5 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 Capital11.05%10.78%10.81%10.89%11.24%+19 bps
Equity / Assets7.82%7.83%7.97%8.11%8.51%+69 bps
Liquidity & Funding
Loans / Deposits122.54%123.58%128.48%125.68%123.38%+85 bps
Liquid Assets / Assets0.72%0.71%0.65%0.63%0.62%-10 bps
CRE / Total Capitaln/an/an/an/an/an/an/a