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Sonoma Valley Bank

Sonoma, CA · Cert 27259

FDIC

Q2 2010

$337.1MAssets
$252.9MLoans
$255.5MDeposits
$18.6MEquity
Loan mix
91%RE $147.1M9%C&I $14.6M0%Consumer $0.6MQ2 2009Q2 2010
Deposit mix
79%Interest-bearing $201.3M21%Noninterest $54.2MQ2 2009Q2 2010

NIM

6.74%Q2 ’085.52%Q2 ’094.28%Q2 ’10-11%-23%

Non-interest income vs. expense

2.86%Q2 ’082.71%Q2 ’09-1.19%Q2 ’10-1%-182%

Executive Summary

  • Earnings: ROA of 2.66%, up 421 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.98%.
  • Funding: loans stand at 98.98% of deposits as of Q2 2010.

Financial Results

Return on Assets (quarter, annualized)

2.66%+421 bps YoY

Net Interest Margin (quarter, annualized)

3.33%-101 bps YoY

Efficiency Ratio (quarter, annualized)

-30.63%-8,550 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-1.54%-22.11%0.04%-2.97%2.66%+421 bps
Return on Equity-16.07%-286%0.68%-61.56%53.86%+6,993 bps
Net Interest Margin4.34%4.05%3.96%3.53%3.33%-101 bps
Efficiency Ratio54.87%55.04%50.61%120.80%-30.63%-8,550 bps
Non-Interest Burden2.11%1.97%1.71%4.37%-1.73%-384 bps
Growth
Asset Growth (YoY)12.98%5.73%11.03%9.51%-1.44%-1,442 bps
Loan Growth (YoY)11.68%2.74%1.43%-5.37%-11.64%-2,332 bps
Deposit Growth (YoY)8.78%16.75%14.80%2.79%-4.08%-1,286 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.93%29.93%2.27%3.80%3.98%+305 bps
Allowance / Loans3.02%4.73%4.82%4.71%4.84%+182 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 Capital11.86%6.40%6.36%5.44%6.59%-527 bps
Equity / Assets9.83%5.60%5.22%4.42%5.51%-432 bps
Liquidity & Funding
Loans / Deposits107.44%93.62%92.98%94.44%98.98%-846 bps
Liquid Assets / Assets9.04%10.49%11.71%15.04%14.59%+555 bps
CRE / Total Capitaln/an/an/an/an/an/an/a