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Letter portraitLegal landscapeQuarterYTD

California Chohung Bank

Los Angeles, CA · Cert 27338

FDIC

Q4 2002

$158.9MAssets
$107.5MLoans
$114.6MDeposits
$43.7MEquity
Loan mix
27%RE $8.5M72%C&I $23.2M1%Consumer $0.4MQ4 2001Q4 2002
Deposit mix
82%Interest-bearing $93.4M18%Noninterest $21.2MQ4 2001Q4 2002

NIM

8.40%Q1 ’016.49%Q4 ’015.65%Q4 ’02-18%-12%

Non-interest income vs. expense

3.51%Q1 ’013.91%Q4 ’013.20%Q4 ’02+48%+2%

Executive Summary

  • Earnings: ROA of 0.81%, down 107 bps year over year; NIM at 4.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.07%.
  • Funding: loans stand at 93.73% of deposits as of Q4 2002.

Financial Results

Return on Assets (quarter, annualized)

0.81%-107 bps YoY

Net Interest Margin (quarter, annualized)

4.05%-57 bps YoY

Efficiency Ratio (quarter, annualized)

60.58%+138 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets1.88%1.54%1.82%0.73%0.81%-107 bps
Return on Equity5.90%4.85%6.22%2.62%2.92%-298 bps
Net Interest Margin4.62%4.45%4.38%4.29%4.05%-57 bps
Efficiency Ratio59.20%56.06%50.02%50.95%60.58%+138 bps
Non-Interest Burden1.92%1.74%1.45%1.54%1.96%+5 bps
Growth
Asset Growth (YoY)19.68%12.79%21.61%19.10%20.33%+65 bps
Loan Growth (YoY)17.95%14.86%7.29%10.39%0.37%-1,758 bps
Deposit Growth (YoY)27.48%17.25%28.80%24.73%27.80%+32 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%-0.07%-0.06%-0.06%-0.07%-10 bps
Allowance / Loans2.11%2.13%2.18%2.60%2.90%+79 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 Capital47.75%42.31%40.09%41.86%43.14%-462 bps
Equity / Assets31.73%31.60%27.42%28.20%27.49%-424 bps
Liquidity & Funding
Loans / Deposits119.35%124.72%102.63%105.90%93.73%-2,561 bps
Liquid Assets / Assets4.44%9.58%6.26%11.59%9.75%+531 bps
CRE / Total Capitaln/an/an/an/an/an/an/a