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Pacific Crest Bank

Agoura Hills, CA · Cert 26325

FDIC

Q4 2003

$566.5MAssets
$422.6MLoans
$312.3MDeposits
$64.6MEquity
Loan mix
37%RE $18.1M63%C&I $30.3M0%Consumer $0.0MQ4 2002Q4 2003
Deposit mix
97%Interest-bearing $303.9M3%Noninterest $8.4MQ4 2002Q4 2003

NIM

8.22%Q4 ’017.36%Q4 ’026.76%Q4 ’03+12%-5%

Non-interest income vs. expense

2.56%Q4 ’012.12%Q4 ’022.54%Q4 ’03-5%+2%

Executive Summary

  • Earnings: ROA of 1.77%, up 7 bps year over year; NIM at 4.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 135.33% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

1.77%+7 bps YoY

Net Interest Margin (quarter, annualized)

4.75%-23 bps YoY

Efficiency Ratio (quarter, annualized)

48.45%+694 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets1.70%1.63%1.93%1.60%1.77%+7 bps
Return on Equity17.35%16.67%18.98%15.14%16.09%-126 bps
Net Interest Margin4.99%4.61%4.57%4.54%4.75%-23 bps
Efficiency Ratio41.51%42.67%41.42%43.36%48.45%+694 bps
Non-Interest Burden2.00%1.75%1.61%1.70%2.04%+5 bps
Growth
Asset Growth (YoY)10.86%10.58%7.30%6.38%-5.44%-1,630 bps
Loan Growth (YoY)-1.27%0.49%-4.22%-5.29%-7.35%-608 bps
Deposit Growth (YoY)-10.44%-10.33%-6.58%-9.01%-13.84%-340 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.00%0.00%0.00%0.02%-2 bps
Allowance / Loans1.88%1.89%1.94%2.00%2.07%+18 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 Capital14.17%14.51%15.10%15.79%16.68%+251 bps
Equity / Assets9.65%9.85%10.47%10.66%11.40%+175 bps
Liquidity & Funding
Loans / Deposits125.83%125.20%126.25%128.21%135.33%+949 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a