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Cedars Bank

Los Angeles, CA · Cert 27069

FDIC

Q4 2005

$438.2MAssets
$362.9MLoans
$366.7MDeposits
$47.7MEquity
Deposit mix
74%Interest-bearing $271.7M26%Noninterest $95.0MQ4 2004Q4 2005

NIM

4.84%Q4 ’034.72%Q4 ’046.16%Q4 ’05+2%+22%

Non-interest income vs. expense

2.11%Q4 ’032.17%Q4 ’042.66%Q4 ’05+6%+23%

Executive Summary

  • Earnings: ROA of 0.92%, down 28 bps year over year; NIM at 4.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 98.97% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

0.92%-28 bps YoY

Net Interest Margin (YTD, annualized)

4.46%+81 bps YoY

Efficiency Ratio (YTD, annualized)

54.59%+19 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.20%1.24%1.37%1.37%0.92%-28 bps
Return on Equity13.17%13.39%14.73%14.72%9.58%-359 bps
Net Interest Margin3.65%4.17%4.24%4.27%4.46%+81 bps
Efficiency Ratio54.39%53.32%50.44%50.28%54.59%+19 bps
Non-Interest Burden1.83%2.04%1.94%1.95%2.24%+42 bps
Growth
Asset Growth (YoY)13.68%9.87%15.44%18.93%-3.91%-1,759 bps
Loan Growth (YoY)16.32%24.39%22.40%16.59%4.75%-1,158 bps
Deposit Growth (YoY)14.25%10.87%17.84%27.62%-3.46%-1,772 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%-0.01%-0.02%-0.01%0.00%+1 bps
Allowance / Loans1.04%1.04%1.04%1.06%1.54%+50 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 Capital12.04%12.29%12.18%12.47%13.99%+196 bps
Equity / Assets9.28%9.18%9.46%9.39%10.88%+160 bps
Liquidity & Funding
Loans / Deposits91.22%89.64%92.16%88.57%98.97%+776 bps
Liquid Assets / Assets9.41%9.37%8.91%8.29%0.63%-878 bps
CRE / Total Capitaln/an/an/an/an/an/an/a