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Pacific State Bank

Stockton, CA · Cert 27090

FDIC

Q2 2010

$312.1MAssets
$234.8MLoans
$278.8MDeposits
$10.9MEquity
Loan mix
78%RE $143.9M20%C&I $37.3M1%Consumer $2.2MQ2 2009Q2 2010
Deposit mix
84%Interest-bearing $234.5M16%Noninterest $44.4MQ2 2009Q2 2010

NIM

6.43%Q2 ’084.99%Q2 ’094.94%Q2 ’10-15%+17%

Non-interest income vs. expense

2.45%Q2 ’084.80%Q2 ’094.47%Q2 ’10+131%-5%

Executive Summary

  • Earnings: ROA of -1.34%, up 310 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.29%.
  • Funding: loans stand at 84.22% of deposits as of Q2 2010.

Financial Results

Return on Assets (quarter, annualized)

-1.34%+310 bps YoY

Net Interest Margin (quarter, annualized)

3.51%+51 bps YoY

Efficiency Ratio (quarter, annualized)

119.26%-2,290 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-4.44%-7.52%-10.81%-2.64%-1.34%+310 bps
Return on Equity-53.75%-107.37%-214%-69.21%-37.05%+1,670 bps
Net Interest Margin3.00%3.24%2.90%3.10%3.51%+51 bps
Efficiency Ratio142.16%91.56%148.74%149.02%119.26%-2,290 bps
Non-Interest Burden4.43%2.93%6.82%4.37%4.23%-20 bps
Growth
Asset Growth (YoY)-10.91%-9.59%-12.21%-19.47%-22.45%-1,154 bps
Loan Growth (YoY)-12.21%-16.68%-16.76%-19.78%-17.68%-546 bps
Deposit Growth (YoY)-9.40%-5.28%-5.57%-10.38%-17.20%-781 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans6.83%1.61%6.76%0.14%0.29%-654 bps
Allowance / Loans2.00%2.07%4.10%4.43%4.74%+274 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 Capital9.68%9.18%6.51%5.94%5.76%-392 bps
Equity / Assets7.78%6.19%3.88%3.72%3.49%-430 bps
Liquidity & Funding
Loans / Deposits84.70%83.12%79.50%84.80%84.22%-48 bps
Liquid Assets / Assets7.88%9.65%13.24%5.64%6.99%-89 bps
CRE / Total Capitaln/an/an/an/an/an/an/a