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Palomar Community Bank

Escondido, CA · Cert 32226

FDIC

Q1 2002

$90.9MAssets
$58.2MLoans
$70.5MDeposits
$11.2MEquity
Loan mix
77%RE $27.0M23%C&I $7.9M0%Consumer $0.0MQ1 2001Q1 2002
Deposit mix
84%Interest-bearing $59.1M16%Noninterest $11.4MQ1 2001Q1 2002

NIM

7.66%Q1 ’015.69%Q1 ’02-1%

Non-interest income vs. expense

3.83%Q1 ’013.10%Q1 ’02-29%

Executive Summary

  • Earnings: ROA of 1.04%, up 73 bps year over year; NIM at 4.48%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 82.66% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

1.04%+73 bps YoY

Net Interest Margin (quarter, annualized)

4.48%-7 bps YoY

Efficiency Ratio (quarter, annualized)

61.96%-1,852 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets0.31%0.40%-0.40%1.07%1.04%+73 bps
Return on Equityn/a3.05%-2.98%8.04%8.15%n/a
Net Interest Margin4.55%4.75%-7.28%5.17%4.48%-7 bps
Efficiency Ratio80.48%79.34%67.84%65.94%61.96%-1,852 bps
Non-Interest Burden3.62%3.73%-6.01%3.15%2.58%-103 bps
Growth
Asset Growth (YoY)6.04%6.31%9.54%5.98%11.84%+580 bps
Loan Growth (YoY)-4.44%1.29%-16.78%-13.24%7.54%+1,198 bps
Deposit Growth (YoY)9.44%9.83%14.60%4.05%1.41%-803 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.30%0.00%-0.35%0.52%-0.01%-30 bps
Allowance / Loans1.11%1.16%1.37%1.27%1.05%-5 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 Capital14.16%14.19%14.91%15.19%14.10%-6 bps
Equity / Assets13.01%13.44%13.38%13.29%12.32%-70 bps
Liquidity & Funding
Loans / Deposits77.94%82.31%67.03%68.60%82.66%+471 bps
Liquid Assets / Assets2.55%3.51%3.83%2.80%1.89%-66 bps
CRE / Total Capitaln/an/an/an/an/an/an/a