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Stockmans Bank

Elk Grove, CA · Cert 33339

FDIC

Q4 2007

$366.8MAssets
$211.9MLoans
$293.8MDeposits
$51.9MEquity
Loan mix
65%RE $53.1M34%C&I $27.4M1%Consumer $0.8MQ4 2006Q4 2007
Deposit mix
82%Interest-bearing $241.3M18%Noninterest $52.5MQ4 2006Q4 2007

NIM

5.83%Q4 ’057.40%Q4 ’067.28%Q4 ’07+18%-12%

Non-interest income vs. expense

1.66%Q4 ’051.92%Q4 ’062.05%Q4 ’07+20%+7%

Executive Summary

  • Earnings: ROA of 2.38%, down 76 bps year over year; NIM at 4.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 72.13% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

2.38%-76 bps YoY

Net Interest Margin (YTD, annualized)

4.33%-62 bps YoY

Efficiency Ratio (YTD, annualized)

44.73%+773 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets3.14%2.37%2.44%2.46%2.38%-76 bps
Return on Equity25.24%18.71%19.06%18.98%18.02%-722 bps
Net Interest Margin4.95%4.45%4.37%4.43%4.33%-62 bps
Efficiency Ratio37.00%43.56%43.04%43.35%44.73%+773 bps
Non-Interest Burden1.68%1.80%1.75%1.78%1.80%+12 bps
Growth
Asset Growth (YoY)2.63%6.18%7.67%3.58%-0.72%-335 bps
Loan Growth (YoY)0.21%-0.48%-2.47%-14.95%-11.10%-1,131 bps
Deposit Growth (YoY)-3.45%1.42%3.67%3.00%-2.37%+108 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.37%1.45%1.50%1.73%1.68%+31 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 Capital17.95%19.37%19.67%20.48%20.61%+266 bps
Equity / Assets12.74%12.62%13.08%13.51%14.14%+140 bps
Liquidity & Funding
Loans / Deposits79.22%75.44%77.13%67.16%72.13%-709 bps
Liquid Assets / Assets0.46%0.34%0.29%0.29%0.27%-19 bps
CRE / Total Capitaln/an/an/an/an/an/an/a