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Cupertino National Bank

Cupertino, CA · Cert 26254

FDIC

Q4 2003

$2.1BAssets
$1.6BLoans
$1.4BDeposits
$197.3MEquity
Loan mix
24%RE $73.6M70%C&I $214.9M6%Consumer $19.9MQ4 2002Q4 2003
Deposit mix
92%Interest-bearing $1.3B8%Noninterest $0.1BQ4 2002Q4 2003

NIM

6.73%Q4 ’016.83%Q4 ’026.45%Q4 ’03+14%+3%

Non-interest income vs. expense

2.21%Q4 ’012.97%Q4 ’023.78%Q4 ’03+15%+25%

Executive Summary

  • Earnings: ROA of 1.02%, down 85 bps year over year; NIM at 5.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.54%.
  • Funding: loans stand at 117.41% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

1.02%-85 bps YoY

Net Interest Margin (quarter, annualized)

5.32%+15 bps YoY

Efficiency Ratio (quarter, annualized)

57.31%+878 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets1.86%1.49%1.16%1.10%1.02%-85 bps
Return on Equity24.89%18.36%13.39%12.32%11.09%-1,380 bps
Net Interest Margin5.17%5.23%5.35%5.33%5.32%+15 bps
Efficiency Ratio48.52%58.35%58.82%54.55%57.31%+878 bps
Non-Interest Burden2.02%2.59%2.72%2.23%2.52%+50 bps
Growth
Asset Growth (YoY)5.95%-3.12%-6.49%-8.52%-6.42%-1,237 bps
Loan Growth (YoY)11.88%2.06%-2.78%-4.67%-7.15%-1,903 bps
Deposit Growth (YoY)-9.94%6.43%-3.04%3.48%13.19%+2,313 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.70%0.71%0.94%1.69%1.54%+83 bps
Allowance / Loans3.18%3.21%3.38%3.42%3.46%+27 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 Capital11.80%12.42%12.84%13.16%13.37%+156 bps
Equity / Assets7.81%8.39%8.89%9.02%9.32%+151 bps
Liquidity & Funding
Loans / Deposits143.13%125.15%120.96%118.10%117.41%-2,572 bps
Liquid Assets / Assets0.04%0.01%0.02%0.00%0.08%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a