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Affinity Bank

Ventura, CA · Cert 27197

FDIC

Q2 2009

$1.2BAssets
$830.6MLoans
$905.6MDeposits
$8.2MEquity
Loan mix
96%RE $525.2M4%C&I $23.1M0%Consumer $0.8MQ2 2008Q2 2009
Deposit mix
97%Interest-bearing $881.8M3%Noninterest $23.8MQ2 2008Q2 2009

NIM

6.93%Q2 ’076.67%Q2 ’085.35%Q2 ’09+8%-31%

Non-interest income vs. expense

2.61%Q2 ’072.38%Q2 ’082.79%Q2 ’090%+69%

Executive Summary

  • Earnings: ROA of -6.75%, down 497 bps year over year; NIM at 2.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.75%.
  • Funding: loans stand at 91.72% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-6.75%-497 bps YoY

Net Interest Margin (YTD, annualized)

2.00%-89 bps YoY

Efficiency Ratio (YTD, annualized)

292%+21,339 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-1.78%-1.43%-3.15%-1.26%-6.75%-497 bps
Return on Equity-25.83%-21.11%-51.01%-33.66%-247%-22,095 bps
Net Interest Margin2.89%2.78%2.35%2.37%2.00%-89 bps
Efficiency Ratio78.38%77.77%103.20%99.00%292%+21,339 bps
Non-Interest Burden2.26%2.17%2.44%2.36%3.83%+157 bps
Growth
Asset Growth (YoY)3.37%4.80%4.28%4.85%-1.64%-500 bps
Loan Growth (YoY)13.03%8.93%10.43%-0.02%-11.01%-2,404 bps
Deposit Growth (YoY)7.02%12.86%25.98%25.12%16.99%+996 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.97%2.69%3.05%1.75%7.75%+578 bps
Allowance / Loans1.86%1.36%2.22%2.30%2.20%+34 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 Capital10.21%10.45%7.68%7.38%3.38%-684 bps
Equity / Assets6.54%6.44%3.84%3.65%0.68%-587 bps
Liquidity & Funding
Loans / Deposits120.58%111.71%105.80%102.69%91.72%-2,886 bps
Liquid Assets / Assets0.02%0.03%4.58%6.36%12.17%+1,214 bps
CRE / Total Capitaln/an/an/an/an/an/an/a