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First Continental Bank

Rosemead, CA · Cert 33340

FDIC

Q2 2003

$343.6MAssets
$243.4MLoans
$312.4MDeposits
$30.7MEquity
Deposit mix
90%Interest-bearing $281.2M10%Noninterest $31.2MQ2 2002Q2 2003

NIM

7.70%Q2 ’015.17%Q2 ’024.95%Q2 ’03-14%+16%

Non-interest income vs. expense

2.53%Q2 ’011.96%Q2 ’022.06%Q2 ’03-27%+1%

Executive Summary

  • Earnings: ROA of 0.66%, down 11 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 77.93% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

0.66%-11 bps YoY

Net Interest Margin (YTD, annualized)

3.28%+44 bps YoY

Efficiency Ratio (YTD, annualized)

53.92%-561 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.77%0.91%0.92%0.79%0.66%-11 bps
Return on Equity8.03%9.66%9.86%8.87%7.41%-62 bps
Net Interest Margin2.84%2.86%2.77%3.13%3.28%+44 bps
Efficiency Ratio59.53%55.39%55.48%55.58%53.92%-561 bps
Non-Interest Burden1.55%1.38%1.33%1.53%1.57%+2 bps
Growth
Asset Growth (YoY)19.75%18.76%24.56%19.31%10.63%-912 bps
Loan Growth (YoY)27.83%18.12%17.32%13.05%6.32%-2,151 bps
Deposit Growth (YoY)20.82%19.57%26.17%20.29%10.92%-990 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.06%0.04%0.08%0.04%-5 bps
Allowance / Loans1.31%1.26%1.26%1.30%1.64%+33 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 Capital11.88%12.08%11.87%12.18%12.19%+31 bps
Equity / Assets8.93%9.17%8.78%9.11%8.93%0 bps
Liquidity & Funding
Loans / Deposits81.30%82.83%77.65%80.12%77.93%-337 bps
Liquid Assets / Assets0.34%0.31%0.29%0.61%0.58%+24 bps
CRE / Total Capitaln/an/an/an/an/an/an/a