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First Commerce Bank

Encino, CA · Cert 32193

FDIC

Q3 2010

$357.5MAssets
$234.0MLoans
$317.4MDeposits
$38.0MEquity
Loan mix
73%RE $111.5M27%C&I $40.4M0%Consumer $0.1MQ3 2009Q3 2010
Deposit mix
72%Interest-bearing $227.3M28%Noninterest $90.1MQ3 2009Q3 2010

NIM

5.39%Q3 ’084.68%Q3 ’094.27%Q3 ’10-9%-5%

Non-interest income vs. expense

2.88%Q3 ’082.42%Q3 ’092.58%Q3 ’10-19%-6%

Executive Summary

  • Earnings: ROA of 1.02%, up 92 bps year over year; NIM at 3.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.29%.
  • Funding: loans stand at 73.73% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

1.02%+92 bps YoY

Net Interest Margin (quarter, annualized)

3.64%-20 bps YoY

Efficiency Ratio (quarter, annualized)

60.02%+251 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets0.10%0.33%0.55%0.65%1.02%+92 bps
Return on Equity0.96%3.08%5.27%6.08%9.47%+850 bps
Net Interest Margin3.84%3.82%3.49%3.71%3.64%-20 bps
Efficiency Ratio57.52%68.53%73.69%75.95%60.02%+251 bps
Non-Interest Burden2.05%2.50%2.48%2.74%1.92%-13 bps
Growth
Asset Growth (YoY)9.47%14.25%12.03%1.87%9.07%-40 bps
Loan Growth (YoY)5.76%3.74%-4.34%-10.09%-9.23%-1,499 bps
Deposit Growth (YoY)11.40%15.59%13.03%1.21%9.00%-240 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.91%0.88%0.06%-0.12%-0.29%-220 bps
Allowance / Loans3.07%3.12%3.37%3.46%3.52%+45 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 Capital13.57%13.61%14.13%14.65%14.75%+118 bps
Equity / Assets10.76%10.40%10.35%10.99%10.64%-12 bps
Liquidity & Funding
Loans / Deposits88.54%84.47%77.23%78.58%73.73%-1,481 bps
Liquid Assets / Assets2.18%3.05%1.42%0.36%0.14%-204 bps
CRE / Total Capitaln/an/an/an/an/an/an/a