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Humboldt Bank

Eureka, CA · Cert 27582

FDIC

Q2 2004

$1.5BAssets
$1.1BLoans
$1.2BDeposits
$203.8MEquity
Loan mix
46%RE $141.0M53%C&I $160.0M1%Consumer $2.7MQ2 2003Q2 2004
Deposit mix
79%Interest-bearing $929.3M21%Noninterest $247.6MQ2 2003Q2 2004

NIM

10.01%Q2 ’025.84%Q2 ’035.47%Q2 ’04-38%+1%

Non-interest income vs. expense

6.96%Q2 ’023.48%Q2 ’033.45%Q2 ’04-28%+0%

Executive Summary

  • Earnings: ROA of 1.06%, down 20 bps year over year; NIM at 4.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 90.38% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

1.06%-20 bps YoY

Net Interest Margin (quarter, annualized)

4.71%+2 bps YoY

Efficiency Ratio (quarter, annualized)

59.64%-60 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets1.26%1.41%1.05%1.29%1.06%-20 bps
Return on Equity12.67%13.50%9.77%10.11%7.51%-516 bps
Net Interest Margin4.69%4.21%4.82%4.57%4.71%+2 bps
Efficiency Ratio60.24%60.44%66.63%66.05%59.64%-60 bps
Non-Interest Burden2.49%2.17%2.94%2.79%2.49%0 bps
Growth
Asset Growth (YoY)8.88%2.28%1.41%35.58%38.34%+2,945 bps
Loan Growth (YoY)7.20%0.62%0.63%34.78%38.94%+3,173 bps
Deposit Growth (YoY)8.60%3.78%0.99%31.54%34.92%+2,632 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%0.20%0.09%0.05%0.16%+7 bps
Allowance / Loans1.59%1.59%1.59%1.60%1.69%+11 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 Capital12.06%12.58%12.75%12.42%12.29%+24 bps
Equity / Assets10.15%10.71%10.81%14.22%13.96%+382 bps
Liquidity & Funding
Loans / Deposits87.76%90.16%90.05%88.79%90.38%+262 bps
Liquid Assets / Assets0.01%0.00%0.00%0.21%0.00%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a