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Goleta National Bank

Goleta, CA · Cert 27572

FDIC · 8 branches

Q1 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2024, the quarter ended March 31, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Goleta National Bank

Goleta, CA · Cert 27572

FDIC · 8 branches

Q1 2024

$1.1BAssets
$973.2MLoans
$852.0MDeposits
$112.1MEquity
Loan mix
44%RE $280.2M5%C&I $29.7M52%Consumer $334.2MQ1 2023Q1 2024
Deposit mix
81%Interest-bearing $690.6M19%Noninterest $161.5MQ1 2023Q1 2024

NIM

3.97%Q1 ’225.02%Q1 ’235.63%Q1 ’24+10%-12%

Non-interest income vs. expense

2.37%Q1 ’223.13%Q1 ’233.52%Q1 ’24+50%+11%

Market Position · Santa Maria-Santa Barbara, CA · 2023 SOD (annual) · 4.3% share · #8 of 18 inst. · $0.7B of $15.4B

4.3% Santa Barbara
0.7% Ventura
0.8% San Luis Obispo

Executive Summary

  • Earnings: ROA of -0.47%, down 143 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.12% of loans (-5 bps YoY), with net charge-offs at 0.18%.
  • Capital: tier 1 leverage ratio of 10.38%, down 8 bps from a year ago.
  • Funding: loans stand at 114.22% of deposits as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

-0.47%-143 bps YoY

Net Interest Margin (YTD, annualized)

3.60%-49 bps YoY

Efficiency Ratio (YTD, annualized)

89.87%+1,777 bps YoY

Tier 1 Leverage Ratio

10.38%-8 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets0.96%0.89%0.87%0.77%-0.47%-143 bps
Return on Equity9.64%8.97%8.75%7.62%-4.45%-1,409 bps
Net Interest Margin4.08%3.93%4.00%3.97%3.60%-49 bps
Efficiency Ratio72.09%72.07%71.63%73.87%89.87%+1,777 bps
Non-Interest Burden2.87%2.74%2.77%2.85%3.20%+33 bps
Growth
Asset Growth (YoY)2.72%2.22%4.77%-0.33%-9.03%-1,175 bps
Loan Growth (YoY)6.87%4.77%0.74%1.27%2.28%-459 bps
Deposit Growth (YoY)0.52%1.85%7.50%-1.09%-8.48%-900 bps
Asset Quality
Nonperforming Loans / Loans0.17%0.18%0.49%0.58%0.12%-5 bps
Net Charge-Offs / Loans-0.04%-0.04%-0.03%-0.02%0.18%+22 bps
Allowance / Loans1.27%1.27%1.27%1.29%1.32%+5 bps
Allowance Coverage of NPLs7.6x7.1x2.6x2.2x10.8x+3.3x
Capital
Tier 1 Leverage Ratio10.46%10.38%10.84%10.88%10.38%-8 bps
Total Risk-Based Capital13.00%13.09%13.27%13.10%12.73%-27 bps
Equity / Assets9.60%10.02%10.13%10.61%10.56%+95 bps
Liquidity & Funding
Loans / Deposits102.20%104.86%103.98%111.77%114.22%+1,202 bps
Liquid Assets / Assets14.46%11.57%12.36%6.70%5.34%-912 bps
CRE / Total Capitaln/an/an/an/an/an/an/a