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Signature Bank

Dallas, TX · Cert 3148

FDIC

Q4 2012

$124.1MAssets
$66.0MLoans
$107.5MDeposits
$16.5MEquity
Loan mix
72%RE $41.5M20%C&I $11.6M7%Consumer $4.2MQ4 2011Q4 2012
Deposit mix
79%Interest-bearing $84.9M21%Noninterest $22.6MQ4 2011Q4 2012

NIM

4.11%Q4 ’103.77%Q4 ’113.32%Q4 ’12-2%-7%

Non-interest income vs. expense

2.49%Q4 ’102.86%Q4 ’112.97%Q4 ’12+15%+46%

Executive Summary

  • Earnings: ROA of -0.82%, down 118 bps year over year; NIM at 2.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 61.35% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

-0.82%-118 bps YoY

Net Interest Margin (quarter, annualized)

2.75%-21 bps YoY

Efficiency Ratio (quarter, annualized)

151.62%+6,172 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.36%-0.20%0.03%0.08%-0.82%-118 bps
Return on Equity4.26%-1.86%0.19%0.58%-6.22%-1,048 bps
Net Interest Margin2.97%2.38%2.62%2.75%2.75%-21 bps
Efficiency Ratio89.89%101.30%92.59%87.93%151.62%+6,172 bps
Non-Interest Burden2.64%2.57%2.57%2.55%3.87%+122 bps
Growth
Asset Growth (YoY)-1.52%2.26%11.13%8.49%-0.06%+146 bps
Loan Growth (YoY)-12.79%-10.21%6.53%12.43%21.14%+3,393 bps
Deposit Growth (YoY)-2.35%-3.89%5.84%3.07%-5.66%-331 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.01%-0.01%-0.01%-0.01%0 bps
Allowance / Loans1.25%0.06%0.12%0.20%0.28%-97 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 Capital19.85%18.60%16.36%16.31%15.52%-433 bps
Equity / Assets8.15%13.71%12.87%13.17%13.26%+511 bps
Liquidity & Funding
Loans / Deposits47.77%52.45%55.65%57.05%61.35%+1,357 bps
Liquid Assets / Assets42.21%23.72%23.68%23.65%17.45%-2,477 bps
CRE / Total Capitaln/an/an/an/an/an/an/a