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Six Rivers National Bank

Eureka, CA · Cert 32734

FDIC

Q4 2003

$217.0MAssets
$111.0MLoans
$188.8MDeposits
$21.3MEquity
Loan mix
82%RE $34.2M17%C&I $7.1M1%Consumer $0.3MQ4 2002Q4 2003
Deposit mix
70%Interest-bearing $132.6M30%Noninterest $56.3MQ4 2002Q4 2003

NIM

6.33%Q4 ’015.74%Q4 ’024.46%Q4 ’03+5%-16%

Non-interest income vs. expense

4.27%Q4 ’014.28%Q4 ’023.95%Q4 ’03+42%-23%

Executive Summary

  • Earnings: ROA of 0.70%, down 5 bps year over year; NIM at 3.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 58.77% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

0.70%-5 bps YoY

Net Interest Margin (quarter, annualized)

3.52%-69 bps YoY

Efficiency Ratio (quarter, annualized)

75.35%-725 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.75%0.80%0.88%0.63%0.70%-5 bps
Return on Equity7.66%8.34%8.99%6.36%7.14%-53 bps
Net Interest Margin4.21%3.97%4.01%3.68%3.52%-69 bps
Efficiency Ratio82.61%81.22%68.71%78.28%75.35%-725 bps
Non-Interest Burden3.31%2.97%2.73%2.84%2.54%-77 bps
Growth
Asset Growth (YoY)6.10%5.99%4.72%0.02%2.57%-353 bps
Loan Growth (YoY)10.08%7.92%-15.21%-21.45%-21.19%-3,128 bps
Deposit Growth (YoY)0.66%7.88%6.80%10.34%11.39%+1,073 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.46%-0.42%0.18%0.04%-0.01%-47 bps
Allowance / Loans1.80%1.94%2.19%2.37%2.36%+56 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 Capital13.03%13.48%14.70%15.27%15.41%+238 bps
Equity / Assets9.57%9.58%10.12%9.77%9.82%+25 bps
Liquidity & Funding
Loans / Deposits83.07%78.12%68.53%58.92%58.77%-2,430 bps
Liquid Assets / Assets0.92%0.87%0.84%0.72%0.72%-21 bps
CRE / Total Capitaln/an/an/an/an/an/an/a