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Imperial Capital Bank

La Jolla, CA · Cert 26348

FDIC

Q3 2009

$4.0BAssets
$2.6BLoans
$2.8BDeposits
$149.9MEquity
Deposit mix
99%Interest-bearing $2.8B1%Noninterest $0.0BQ3 2008Q3 2009

NIM

7.22%Q3 ’076.26%Q3 ’085.55%Q3 ’09-7%-24%

Non-interest income vs. expense

1.37%Q3 ’071.26%Q3 ’081.77%Q3 ’09-2%+63%

Executive Summary

  • Earnings: ROA of -3.10%, down 342 bps year over year; NIM at 1.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.18%.
  • Funding: loans stand at 90.59% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

-3.10%-342 bps YoY

Net Interest Margin (YTD, annualized)

1.97%-62 bps YoY

Efficiency Ratio (YTD, annualized)

107.73%+5,860 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets0.32%-0.61%-1.39%-3.23%-3.10%-342 bps
Return on Equity4.07%-8.38%-24.87%-62.82%-64.60%-6,867 bps
Net Interest Margin2.59%2.41%1.80%1.84%1.97%-62 bps
Efficiency Ratio49.13%52.43%87.69%101.29%107.73%+5,860 bps
Non-Interest Burden1.29%1.33%1.61%1.86%2.10%+81 bps
Growth
Asset Growth (YoY)15.42%25.33%27.93%2.98%-1.23%-1,665 bps
Loan Growth (YoY)-9.49%-11.71%-12.05%-10.66%-11.27%-178 bps
Deposit Growth (YoY)17.43%33.74%50.12%16.56%8.73%-870 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.77%2.68%0.99%2.60%3.18%+242 bps
Allowance / Loans1.79%1.80%2.29%2.81%2.86%+106 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 Capital10.74%9.28%7.80%6.78%6.09%-466 bps
Equity / Assets7.19%5.83%5.35%4.20%3.70%-349 bps
Liquidity & Funding
Loans / Deposits111.02%94.96%87.63%90.85%90.59%-2,043 bps
Liquid Assets / Assets23.39%21.40%21.43%26.87%27.55%+416 bps
CRE / Total Capitaln/an/an/an/an/an/an/a