PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of Petaluma

Petaluma, CA · Cert 27064

FDIC

Q4 2003

$386.1MAssets
$189.1MLoans
$277.2MDeposits
$25.5MEquity
Loan mix
28%RE $17.7M71%C&I $44.7M1%Consumer $0.8MQ4 2002Q4 2003
Deposit mix
92%Interest-bearing $256.2M8%Noninterest $21.1MQ4 2002Q4 2003

NIM

5.22%Q4 ’015.58%Q4 ’024.36%Q4 ’03+19%-15%

Non-interest income vs. expense

2.19%Q4 ’012.35%Q4 ’022.42%Q4 ’03+8%+3%

Executive Summary

  • Earnings: ROA of 0.73%, down 43 bps year over year; NIM at 3.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 68.21% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

0.73%-43 bps YoY

Net Interest Margin (YTD, annualized)

3.24%-55 bps YoY

Efficiency Ratio (YTD, annualized)

68.09%+1,062 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets1.16%0.58%0.66%0.65%0.73%-43 bps
Return on Equity19.23%8.56%9.82%9.74%11.01%-822 bps
Net Interest Margin3.79%3.23%3.14%3.01%3.24%-55 bps
Efficiency Ratio57.48%77.52%70.86%71.06%68.09%+1,062 bps
Non-Interest Burden2.05%2.44%2.13%2.05%2.10%+5 bps
Growth
Asset Growth (YoY)-5.31%-10.84%5.45%2.56%3.18%+849 bps
Loan Growth (YoY)0.12%4.40%44.05%36.69%35.58%+3,546 bps
Deposit Growth (YoY)4.81%9.61%5.44%1.80%13.31%+850 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%-0.01%0.00%0.00%0.00%-1 bps
Allowance / Loans2.50%2.59%1.90%1.91%1.85%-65 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 Capital15.17%15.56%12.88%13.16%13.11%-206 bps
Equity / Assets6.70%6.89%6.45%6.73%6.61%-9 bps
Liquidity & Funding
Loans / Deposits57.01%49.81%67.89%69.12%68.21%+1,120 bps
Liquid Assets / Assets0.12%0.20%0.12%0.07%0.04%-7 bps
CRE / Total Capitaln/an/an/an/an/an/an/a