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Sun Country Bank

Victorville, CA · Cert 33121

FDIC

Q1 2014

$431.2MAssets
$247.2MLoans
$375.4MDeposits
$55.0MEquity
Loan mix
79%RE $101.5M17%C&I $21.9M4%Consumer $5.5MQ1 2013Q1 2014
Deposit mix
49%Interest-bearing $185.6M51%Noninterest $189.8MQ1 2013Q1 2014

NIM

3.94%Q1 ’123.70%Q1 ’133.19%Q1 ’14-3%-13%

Non-interest income vs. expense

3.47%Q1 ’123.34%Q1 ’133.39%Q1 ’14-9%+6%

Executive Summary

  • Earnings: ROA of 0.01%, down 76 bps year over year; NIM at 3.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.19%.
  • Funding: loans stand at 65.86% of deposits as of Q1 2014.

Financial Results

Return on Assets (quarter, annualized)

0.01%-76 bps YoY

Net Interest Margin (quarter, annualized)

3.05%-46 bps YoY

Efficiency Ratio (quarter, annualized)

98.59%+1,537 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.77%0.91%0.59%0.54%0.01%-76 bps
Return on Equity5.85%6.79%4.56%4.08%0.05%-580 bps
Net Interest Margin3.51%3.34%3.49%3.37%3.05%-46 bps
Efficiency Ratio83.22%81.13%84.35%87.26%98.59%+1,537 bps
Non-Interest Burden2.84%2.58%2.87%2.87%3.00%+16 bps
Growth
Asset Growth (YoY)-9.94%-7.06%-5.77%-5.95%6.76%+1,671 bps
Loan Growth (YoY)-10.56%-5.26%-4.88%-1.27%-3.34%+721 bps
Deposit Growth (YoY)-12.07%-8.38%-6.70%-6.76%8.20%+2,028 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.29%0.62%0.50%0.31%-0.19%-48 bps
Allowance / Loans1.79%1.61%1.49%1.45%1.53%-26 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 Capital16.78%16.48%16.34%16.76%17.43%+64 bps
Equity / Assets13.83%13.13%12.91%13.35%12.76%-107 bps
Liquidity & Funding
Loans / Deposits73.73%71.45%69.94%70.92%65.86%-787 bps
Liquid Assets / Assets10.02%14.11%16.21%16.88%25.51%+1,549 bps
CRE / Total Capitaln/an/an/an/an/an/an/a