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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 ’016.25%Q3 ’015.36%Q3 ’02+0%+5%

Non-interest income vs. expense

3.20%Q1 ’013.10%Q3 ’013.60%Q3 ’02-14%+25%

Executive Summary

  • Earnings: ROA of 0.90%, down 38 bps year over year; NIM at 4.36%.
  • 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 (quarter, annualized)

0.90%-38 bps YoY

Net Interest Margin (quarter, annualized)

4.36%+22 bps YoY

Efficiency Ratio (quarter, annualized)

62.98%+611 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.28%1.28%1.06%1.30%0.90%-38 bps
Return on Equity17.02%17.20%14.07%17.09%11.44%-558 bps
Net Interest Margin4.14%4.12%4.21%4.46%4.36%+22 bps
Efficiency Ratio56.87%56.79%58.82%56.04%62.98%+611 bps
Non-Interest Burden1.79%1.79%1.98%1.96%2.24%+45 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 / Loans0.18%0.18%-0.09%0.08%-0.01%-19 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