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Letter portraitLegal landscapeQuarterYTD

North Coast Bank, National Association

Santa Rosa, CA · Cert 33212

FDIC

Q4 2003

$78.5MAssets
$55.0MLoans
$72.5MDeposits
$5.8MEquity
Loan mix
51%RE $11.3M48%C&I $10.6M1%Consumer $0.3MQ4 2002Q4 2003
Deposit mix
74%Interest-bearing $53.9M26%Noninterest $18.6MQ4 2002Q4 2003

NIM

8.26%Q4 ’016.01%Q4 ’025.14%Q4 ’03-17%-10%

Non-interest income vs. expense

5.07%Q4 ’014.02%Q4 ’023.28%Q4 ’03-21%-17%

Executive Summary

  • Earnings: ROA of 0.68%, up 12 bps year over year; NIM at 4.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.17%.
  • Funding: loans stand at 75.86% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

0.68%+12 bps YoY

Net Interest Margin (YTD, annualized)

4.18%-47 bps YoY

Efficiency Ratio (YTD, annualized)

72.15%-602 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.56%0.27%0.60%0.69%0.68%+12 bps
Return on Equity6.40%3.35%7.62%8.96%8.90%+249 bps
Net Interest Margin4.65%4.98%4.56%4.52%4.18%-47 bps
Efficiency Ratio78.17%88.12%76.69%72.66%72.15%-602 bps
Non-Interest Burden3.52%4.34%3.41%3.18%2.91%-61 bps
Growth
Asset Growth (YoY)10.83%33.61%22.69%34.90%25.35%+1,452 bps
Loan Growth (YoY)4.79%27.45%30.48%26.30%22.02%+1,723 bps
Deposit Growth (YoY)3.26%22.57%21.45%37.65%36.38%+3,312 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%0.01%-0.03%-0.06%-0.17%-28 bps
Allowance / Loans1.40%1.18%1.28%1.43%1.65%+25 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 Capital11.90%10.13%10.52%10.69%10.77%-114 bps
Equity / Assets8.54%7.51%7.84%7.18%7.39%-115 bps
Liquidity & Funding
Loans / Deposits84.79%93.38%86.46%73.83%75.86%-893 bps
Liquid Assets / Assets3.01%2.35%2.10%2.12%1.90%-111 bps
CRE / Total Capitaln/an/an/an/an/an/an/a