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Valencia Bank & Trust

Santa Clarita, CA · Cert 27091

FDIC

Q3 2002

$266.5MAssets
$163.1MLoans
$227.0MDeposits
$21.5MEquity
Loan mix
10%RE $3.3M87%C&I $29.3M4%Consumer $1.2MQ3 2001Q3 2002
Deposit mix
60%Interest-bearing $136.9M40%Noninterest $90.1MQ3 2001Q3 2002

NIM

6.84%Q1 ’016.28%Q3 ’015.35%Q3 ’02-3%+7%

Non-interest income vs. expense

3.20%Q1 ’013.05%Q3 ’013.27%Q3 ’02-11%+10%

Executive Summary

  • Earnings: ROA of 1.09%, down 9 bps year over year; NIM at 4.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 71.87% of deposits as of Q3 2002.

Financial Results

Return on Assets (YTD, annualized)

1.09%-9 bps YoY

Net Interest Margin (YTD, annualized)

4.27%+28 bps YoY

Efficiency Ratio (YTD, annualized)

59.33%+57 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.18%1.21%1.06%1.18%1.09%-9 bps
Return on Equityn/an/a14.07%15.60%14.14%n/a
Net Interest Margin3.99%3.87%4.21%4.32%4.27%+28 bps
Efficiency Ratio58.75%58.23%58.82%57.39%59.33%+57 bps
Non-Interest Burden1.85%1.76%1.98%1.96%2.03%+18 bps
Growth
Asset Growth (YoY)14.21%12.67%13.33%18.28%8.23%-598 bps
Loan Growth (YoY)18.80%16.63%13.77%11.49%7.19%-1,161 bps
Deposit Growth (YoY)15.28%9.35%7.55%15.11%2.13%-1,315 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.23%0.22%-0.09%-0.01%-0.01%-24 bps
Allowance / Loans1.38%1.39%1.52%1.58%1.70%+32 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 Capital11.06%11.16%11.40%11.59%12.17%+111 bps
Equity / Assets7.30%7.54%7.56%7.64%8.08%+78 bps
Liquidity & Funding
Loans / Deposits68.48%71.98%72.91%70.57%71.87%+339 bps
Liquid Assets / Assets15.07%22.51%20.27%19.78%18.98%+390 bps
CRE / Total Capitaln/an/an/an/an/an/an/a