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South Coast Commercial Bank

Irvine, CA · Cert 26015

FDIC

Q3 2005

$164.6MAssets
$119.2MLoans
$127.7MDeposits
$36.2MEquity
Deposit mix
99%Interest-bearing $126.1M1%Noninterest $1.6MQ3 2004Q3 2005

NIM

7.54%Q3 ’036.98%Q3 ’04-13.81%Q3 ’05-12%-290%

Non-interest income vs. expense

2.60%Q3 ’032.35%Q3 ’04-4.43%Q3 ’050%-288%

Executive Summary

  • Earnings: ROA of -3.57%, down 552 bps year over year; NIM at -8.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 93.28% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

-3.57%-552 bps YoY

Net Interest Margin (quarter, annualized)

-8.22%-1,254 bps YoY

Efficiency Ratio (quarter, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets1.95%1.83%1.71%2.07%-3.57%-552 bps
Return on Equity17.26%16.33%15.06%17.80%-20.79%-3,804 bps
Net Interest Margin4.32%3.98%4.17%4.28%-8.22%-1,254 bps
Efficiency Ratio54.34%52.13%58.15%49.59%n/an/a
Non-Interest Burden2.35%2.08%2.42%2.12%-4.42%-676 bps
Growth
Asset Growth (YoY)7.32%2.87%5.54%5.35%13.10%+579 bps
Loan Growth (YoY)8.42%4.40%8.56%5.02%1.45%-697 bps
Deposit Growth (YoY)7.98%2.61%5.60%5.05%-0.73%-870 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 / Loans1.00%0.98%0.97%0.97%0.99%-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 Capital15.52%14.01%14.27%14.61%16.35%+83 bps
Equity / Assets11.15%11.27%11.44%11.81%21.99%+1,084 bps
Liquidity & Funding
Loans / Deposits91.28%93.18%92.97%93.83%93.28%+201 bps
Liquid Assets / Assets11.62%11.13%9.96%8.43%2.97%-865 bps
CRE / Total Capitaln/an/an/an/an/an/an/a