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

6.89%Q3 ’075.82%Q3 ’083.98%Q3 ’09+8%-30%

Non-interest income vs. expense

2.29%Q3 ’071.91%Q3 ’081.95%Q3 ’09-11%-7%

Executive Summary

  • Earnings: ROA of -2.68%, up 802 bps year over year; NIM at 2.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.08%.
  • Funding: loans stand at 93.18% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

-2.68%+802 bps YoY

Net Interest Margin (quarter, annualized)

2.38%-100 bps YoY

Efficiency Ratio (quarter, annualized)

76.42%+1,989 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-10.70%-0.52%0.12%-0.96%-2.68%+802 bps
Return on Equity-101.09%-5.61%1.31%-11.03%-34.74%+6,635 bps
Net Interest Margin3.38%3.37%3.07%2.84%2.38%-100 bps
Efficiency Ratio56.53%79.16%57.29%75.71%76.42%+1,989 bps
Non-Interest Burden1.90%2.81%1.72%2.13%1.78%-13 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%0.86%1.25%0.67%3.08%+308 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