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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

6.66%Q4 ’057.61%Q4 ’066.85%Q4 ’07-1%-15%

Non-interest income vs. expense

1.89%Q4 ’051.93%Q4 ’062.10%Q4 ’07+1%+11%

Executive Summary

  • Earnings: ROA of 2.11%, down 72 bps year over year; NIM at 4.04%.
  • 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 (quarter, annualized)

2.11%-72 bps YoY

Net Interest Margin (quarter, annualized)

4.04%-69 bps YoY

Efficiency Ratio (quarter, annualized)

49.29%+1,046 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets2.83%2.37%2.49%2.51%2.11%-72 bps
Return on Equity22.19%18.71%19.39%18.85%15.24%-696 bps
Net Interest Margin4.73%4.45%4.39%4.39%4.04%-69 bps
Efficiency Ratio38.83%43.56%42.53%43.97%49.29%+1,046 bps
Non-Interest Burden1.68%1.80%1.73%1.79%1.87%+19 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