PackageTrendsPeer
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Sequoia National Bank

San Francisco, CA · Cert 26907

FDIC

Q1 2005

$64.3MAssets
$43.5MLoans
$57.3MDeposits
$6.7MEquity
Loan mix
89%RE $22.7M11%C&I $2.7M0%Consumer $0.1MQ1 2004Q1 2005
Deposit mix
88%Interest-bearing $50.6M12%Noninterest $6.7MQ1 2004Q1 2005

NIM

4.50%Q1 ’034.67%Q1 ’045.33%Q1 ’05+10%+16%

Non-interest income vs. expense

4.90%Q1 ’033.85%Q1 ’044.22%Q1 ’05-21%+3%

Executive Summary

  • Earnings: ROA of 0.15%, up 42 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 75.90% of deposits as of Q1 2005.

Financial Results

Return on Assets (YTD, annualized)

0.15%+42 bps YoY

Net Interest Margin (YTD, annualized)

3.92%+53 bps YoY

Efficiency Ratio (YTD, annualized)

96.41%-1,094 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets-0.27%-0.22%0.26%0.36%0.15%+42 bps
Return on Equity-2.70%-2.15%2.52%3.50%1.40%+410 bps
Net Interest Margin3.39%3.48%3.71%3.78%3.92%+53 bps
Efficiency Ratio107.35%105.71%93.83%91.51%96.41%-1,094 bps
Non-Interest Burden3.65%3.69%3.45%3.42%3.76%+11 bps
Growth
Asset Growth (YoY)26.04%4.90%-2.98%-7.03%-6.34%-3,238 bps
Loan Growth (YoY)60.77%35.27%28.75%8.85%-15.85%-7,661 bps
Deposit Growth (YoY)31.66%6.31%-2.52%-8.01%-6.64%-3,829 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%0.00%0.00%0 bps
Allowance / Loans1.34%1.40%1.44%1.51%1.59%+25 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 Capital17.54%17.46%18.59%19.55%19.22%+168 bps
Equity / Assets9.94%10.17%10.63%10.88%10.37%+43 bps
Liquidity & Funding
Loans / Deposits84.21%84.25%82.39%79.96%75.90%-831 bps
Liquid Assets / Assets2.55%3.06%2.70%2.20%1.89%-67 bps
CRE / Total Capitaln/an/an/an/an/an/an/a