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Golden Security Bank

Alhambra, CA · Cert 26615

FDIC

Q2 2011

$131.9MAssets
$108.6MLoans
$105.8MDeposits
$9.4MEquity
Deposit mix
100%Interest-bearing $105.8M0%Noninterest $0.1MQ2 2010Q2 2011

NIM

6.54%Q2 ’095.77%Q2 ’105.95%Q2 ’11+13%+14%

Non-interest income vs. expense

2.16%Q2 ’093.94%Q2 ’102.83%Q2 ’11+78%-29%

Executive Summary

  • Earnings: ROA of 0.82%, up 346 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.03%.
  • Funding: loans stand at 102.60% of deposits as of Q2 2011.

Financial Results

Return on Assets (YTD, annualized)

0.82%+346 bps YoY

Net Interest Margin (YTD, annualized)

3.61%+45 bps YoY

Efficiency Ratio (YTD, annualized)

76.43%-4,493 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-2.63%-1.85%-1.98%1.55%0.82%+346 bps
Return on Equity-40.12%-28.50%-30.93%24.51%12.54%+5,266 bps
Net Interest Margin3.16%3.40%3.61%3.58%3.61%+45 bps
Efficiency Ratio121.35%108.91%107.18%61.62%76.43%-4,493 bps
Non-Interest Burden3.85%3.71%3.88%1.97%2.73%-111 bps
Growth
Asset Growth (YoY)-5.51%-8.25%-10.79%-18.23%-19.53%-1,402 bps
Loan Growth (YoY)-13.54%-14.59%-10.91%-14.53%-13.45%+9 bps
Deposit Growth (YoY)2.93%-1.50%-5.60%-18.16%-22.91%-2,584 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.45%1.77%1.77%1.39%1.03%-142 bps
Allowance / Loans3.51%3.81%4.18%4.10%4.08%+57 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 Capital9.00%9.48%8.96%9.85%10.02%+102 bps
Equity / Assets5.95%6.26%5.98%6.68%7.09%+114 bps
Liquidity & Funding
Loans / Deposits91.38%94.54%98.41%98.69%102.60%+1,122 bps
Liquid Assets / Assets16.48%16.88%15.25%16.07%13.66%-282 bps
CRE / Total Capitaln/an/an/an/an/an/an/a