PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Pacific National Bank

San Francisco, CA · Cert 30006

FDIC

Q3 2009

$2.3BAssets
$1.6BLoans
$1.8BDeposits
$166.7MEquity
Loan mix
97%RE $1.2B3%C&I $0.0B0%Consumer $0.0BQ3 2008Q3 2009
Deposit mix
98%Interest-bearing $1.7B2%Noninterest $0.0BQ3 2008Q3 2009

NIM

6.66%Q3 ’075.47%Q3 ’084.07%Q3 ’09+3%-18%

Non-interest income vs. expense

2.27%Q3 ’071.82%Q3 ’081.81%Q3 ’09-19%-5%

Executive Summary

  • Earnings: ROA of -1.24%, up 241 bps year over year; NIM at 2.49%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.67%.
  • Funding: loans stand at 93.18% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

-1.24%+241 bps YoY

Net Interest Margin (YTD, annualized)

2.49%-53 bps YoY

Efficiency Ratio (YTD, annualized)

69.63%+992 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-3.65%-2.84%0.12%-0.43%-1.24%+241 bps
Return on Equity-31.15%-25.27%1.31%-4.83%-14.64%+1,651 bps
Net Interest Margin3.02%3.06%3.07%2.89%2.49%-53 bps
Efficiency Ratio59.71%64.20%57.29%66.34%69.63%+992 bps
Non-Interest Burden1.80%2.02%1.72%1.88%1.70%-9 bps
Growth
Asset Growth (YoY)47.71%29.74%12.84%10.87%15.31%-3,240 bps
Loan Growth (YoY)73.15%39.90%20.36%3.40%-3.80%-7,695 bps
Deposit Growth (YoY)11.53%12.16%17.25%34.02%36.79%+2,526 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.22%1.25%0.96%1.67%+166 bps
Allowance / Loans1.52%1.52%1.51%2.08%2.82%+130 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 Capital7.60%8.01%8.18%6.45%5.12%-248 bps
Equity / Assets8.96%9.50%9.21%8.30%7.19%-178 bps
Liquidity & Funding
Loans / Deposits132.50%120.86%123.05%104.65%93.18%-3,932 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%16.38%+1,638 bps
CRE / Total Capitaln/an/an/an/an/an/an/a