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First Fidelity Investment and Loan Association

Tustin, CA · Cert 26014

FDIC

Q2 2002

$659.9MAssets
$532.2MLoans
$462.4MDeposits
$47.0MEquity
Deposit mix
100%Interest-bearing $461.2M0%Noninterest $1.1MQ2 2001Q2 2002

NIM

9.43%Q1 ’019.26%Q2 ’018.03%Q2 ’02+8%+8%

Non-interest income vs. expense

1.47%Q1 ’011.48%Q2 ’011.48%Q2 ’02+7%0%

Executive Summary

  • Earnings: ROA of 1.67%, down 2 bps year over year; NIM at 4.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 115.11% of deposits as of Q2 2002.

Financial Results

Return on Assets (quarter, annualized)

1.67%-2 bps YoY

Net Interest Margin (quarter, annualized)

4.46%+32 bps YoY

Efficiency Ratio (quarter, annualized)

33.03%-263 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets1.69%1.58%1.65%0.40%1.67%-2 bps
Return on Equity23.71%22.31%23.98%5.90%23.69%-2 bps
Net Interest Margin4.15%4.14%4.36%4.38%4.46%+32 bps
Efficiency Ratio35.66%32.13%33.65%34.13%33.03%-263 bps
Non-Interest Burden1.47%1.32%1.46%1.49%1.47%0 bps
Growth
Asset Growth (YoY)6.92%4.92%3.67%4.94%10.20%+327 bps
Loan Growth (YoY)0.16%2.19%3.65%5.43%10.36%+1,021 bps
Deposit Growth (YoY)5.08%3.10%8.12%13.80%13.89%+880 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.02%0.00%0.00%0 bps
Allowance / Loans1.14%1.15%1.15%1.16%1.15%+1 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 Capital10.83%10.59%10.19%10.33%10.41%-42 bps
Equity / Assets7.12%7.03%6.72%6.97%7.12%0 bps
Liquidity & Funding
Loans / Deposits118.78%121.52%121.63%113.26%115.11%-367 bps
Liquid Assets / Assets0.01%0.43%0.45%0.27%0.26%+25 bps
CRE / Total Capitaln/an/an/an/an/an/an/a