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Centennial Bank

Fountain Valley, CA · Cert 32707

FDIC

Q1 2013

$529.3MAssets
$413.0MLoans
$340.7MDeposits
$103.6MEquity
Deposit mix
100%Interest-bearing $340.7M0%Noninterest $0.0MQ1 2012Q1 2013

NIM

4.98%Q1 ’114.72%Q1 ’124.40%Q1 ’13+3%-1%

Non-interest income vs. expense

0.85%Q1 ’111.06%Q1 ’120.83%Q1 ’13-24%-21%

Executive Summary

  • Earnings: ROA of 1.29%, up 29 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.99%.
  • Funding: loans stand at 121.23% of deposits as of Q1 2013.

Financial Results

Return on Assets (YTD, annualized)

1.29%+29 bps YoY

Net Interest Margin (YTD, annualized)

3.20%-3 bps YoY

Efficiency Ratio (YTD, annualized)

24.69%-705 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets1.00%0.87%0.95%1.01%1.29%+29 bps
Return on Equity6.92%5.90%6.22%6.36%6.74%-17 bps
Net Interest Margin3.23%3.29%3.48%3.52%3.20%-3 bps
Efficiency Ratio31.74%31.79%31.55%28.81%24.69%-705 bps
Non-Interest Burden1.05%1.12%1.14%1.04%0.83%-22 bps
Growth
Asset Growth (YoY)-9.82%-12.48%-21.24%-16.94%-21.78%-1,196 bps
Loan Growth (YoY)-15.48%-18.34%-19.68%-22.09%-24.45%-896 bps
Deposit Growth (YoY)-14.44%-18.37%-29.64%-23.62%-28.48%-1,404 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.11%1.61%1.36%1.60%0.99%-12 bps
Allowance / Loans2.77%2.76%2.83%2.79%2.79%+2 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 Capital18.52%20.28%21.67%24.03%25.71%+719 bps
Equity / Assets14.37%15.44%17.20%18.64%19.57%+520 bps
Liquidity & Funding
Loans / Deposits114.75%117.09%126.86%126.92%121.23%+648 bps
Liquid Assets / Assets12.82%14.25%11.24%12.97%14.33%+151 bps
CRE / Total Capitaln/an/an/an/an/an/an/a