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Mid-Peninsula Bank

Palo Alto, CA · Cert 27068

FDIC

Q4 2007

$6.5BAssets
$5.1BLoans
$4.0BDeposits
$1.4BEquity
Loan mix
50%RE $1.9B49%C&I $1.9B1%Consumer $0.0BQ4 2006Q4 2007
Deposit mix
92%Interest-bearing $3.7B8%Noninterest $0.3BQ4 2006Q4 2007

NIM

6.14%Q4 ’056.68%Q4 ’06-14.26%Q4 ’07-10%-289%

Non-interest income vs. expense

2.94%Q4 ’052.78%Q4 ’06-6.21%Q4 ’07-2%-358%

Executive Summary

  • Earnings: ROA of -1.69%, down 304 bps year over year; NIM at -7.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.20%.
  • Funding: loans stand at 125.26% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

-1.69%-304 bps YoY

Net Interest Margin (quarter, annualized)

-7.54%-1,154 bps YoY

Efficiency Ratio (quarter, annualized)

60.78%+320 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets1.35%0.92%1.11%0.61%-1.69%-304 bps
Return on Equity12.83%8.89%10.67%5.79%-10.58%-2,341 bps
Net Interest Margin4.00%3.75%3.77%3.66%-7.54%-1,154 bps
Efficiency Ratio57.59%68.16%61.80%73.56%60.78%+320 bps
Non-Interest Burden1.95%2.32%2.02%2.61%-5.03%-698 bps
Growth
Asset Growth (YoY)3.88%4.11%0.03%0.42%-6.57%-1,045 bps
Loan Growth (YoY)3.77%3.73%5.82%6.47%3.00%-76 bps
Deposit Growth (YoY)2.82%4.59%2.57%3.96%-26.27%-2,910 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.26%0.09%0.14%0.24%-0.20%-46 bps
Allowance / Loans1.39%1.34%1.27%1.23%1.63%+24 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 Capital14.50%14.43%14.24%14.21%12.11%-239 bps
Equity / Assets10.46%10.34%10.41%10.61%21.61%+1,115 bps
Liquidity & Funding
Loans / Deposits89.66%88.83%93.04%94.30%125.26%+3,560 bps
Liquid Assets / Assets6.44%6.28%6.16%5.98%0.00%-644 bps
CRE / Total Capitaln/an/an/an/an/an/an/a