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Placer Sierra Bank

Auburn, CA · Cert 30307

FDIC

Q2 2007

$2.5BAssets
$1.8BLoans
$1.7BDeposits
$729.2MEquity
Loan mix
87%RE $934.8M13%C&I $140.3M0%Consumer $3.6MQ2 2006Q2 2007
Deposit mix
65%Interest-bearing $1.1B35%Noninterest $0.6BQ2 2006Q2 2007

NIM

5.38%Q2 ’055.97%Q2 ’06-4.06%Q2 ’07+1%-168%

Non-interest income vs. expense

2.82%Q2 ’052.98%Q2 ’06-1.68%Q2 ’07+9%-151%

Executive Summary

  • Earnings: ROA of -1.30%, down 270 bps year over year; NIM at -3.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.13%.
  • Funding: loans stand at 103.24% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

-1.30%-270 bps YoY

Net Interest Margin (quarter, annualized)

-3.20%-790 bps YoY

Efficiency Ratio (quarter, annualized)

83.68%+3,212 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.40%1.06%1.48%1.42%-1.30%-270 bps
Return on Equity9.49%6.59%9.10%8.32%-5.49%-1,498 bps
Net Interest Margin4.70%4.66%4.64%4.66%-3.20%-790 bps
Efficiency Ratio51.56%65.09%48.65%53.29%83.68%+3,212 bps
Non-Interest Burden2.11%2.90%1.97%2.22%-1.09%-320 bps
Growth
Asset Growth (YoY)44.42%43.22%42.08%25.08%-6.69%-5,112 bps
Loan Growth (YoY)34.61%34.85%34.49%28.55%-0.97%-3,558 bps
Deposit Growth (YoY)39.67%38.34%37.46%16.32%-22.78%-6,246 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.17%0.00%0.04%-0.13%-13 bps
Allowance / Loans1.21%1.22%1.21%1.22%1.68%+47 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 Capital11.27%11.33%10.98%11.65%12.33%+107 bps
Equity / Assets15.92%16.29%16.25%18.01%29.12%+1,320 bps
Liquidity & Funding
Loans / Deposits80.50%83.53%85.35%95.96%103.24%+2,273 bps
Liquid Assets / Assets0.01%0.00%0.01%0.01%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a