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Johnson Bank Arizona, N.A.

Phoenix, AZ · Cert 26384

FDIC

Q1 2006

$581.2MAssets
$484.5MLoans
$431.1MDeposits
$44.6MEquity
Loan mix
59%RE $112.2M40%C&I $76.6M0%Consumer $0.5MQ1 2005Q1 2006
Deposit mix
82%Interest-bearing $352.9M18%Noninterest $78.1MQ1 2005Q1 2006

NIM

5.11%Q1 ’045.78%Q1 ’056.60%Q1 ’06+12%-1%

Non-interest income vs. expense

2.57%Q1 ’042.86%Q1 ’052.81%Q1 ’06+15%-4%

Executive Summary

  • Earnings: ROA of 1.31%, up 2 bps year over year; NIM at 4.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 112.41% of deposits as of Q1 2006.

Financial Results

Return on Assets (quarter, annualized)

1.31%+2 bps YoY

Net Interest Margin (quarter, annualized)

4.67%-7 bps YoY

Efficiency Ratio (quarter, annualized)

56.16%-86 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets1.29%1.27%1.53%1.61%1.31%+2 bps
Return on Equity17.27%17.56%21.76%22.44%17.40%+13 bps
Net Interest Margin4.74%4.78%4.94%4.90%4.67%-7 bps
Efficiency Ratio57.02%57.68%53.39%50.05%56.16%-86 bps
Non-Interest Burden2.58%2.62%2.49%2.28%2.48%-10 bps
Growth
Asset Growth (YoY)7.15%17.50%15.95%15.15%7.94%+79 bps
Loan Growth (YoY)8.75%8.40%11.84%13.29%15.13%+638 bps
Deposit Growth (YoY)16.22%24.53%24.17%11.66%0.07%-1,615 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%-0.01%0.00%0 bps
Allowance / Loans1.42%1.44%1.40%1.32%1.33%-9 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 Capital11.76%11.36%11.53%11.51%11.43%-33 bps
Equity / Assets7.33%7.11%6.97%7.39%7.67%+34 bps
Liquidity & Funding
Loans / Deposits97.71%92.44%90.18%101.88%112.41%+1,470 bps
Liquid Assets / Assets2.40%2.03%4.28%1.77%6.07%+367 bps
CRE / Total Capitaln/an/an/an/an/an/an/a