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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

7.35%Q2 ’015.38%Q2 ’025.03%Q2 ’03-3%+15%

Non-interest income vs. expense

2.45%Q2 ’012.09%Q2 ’022.08%Q2 ’03-21%+3%

Executive Summary

  • Earnings: ROA of 0.54%, down 28 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 77.93% of deposits as of Q2 2003.

Financial Results

Return on Assets (quarter, annualized)

0.54%-28 bps YoY

Net Interest Margin (quarter, annualized)

3.46%+46 bps YoY

Efficiency Ratio (quarter, annualized)

52.38%-598 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.82%1.16%0.93%0.79%0.54%-28 bps
Return on Equity8.73%12.87%10.41%8.87%5.97%-276 bps
Net Interest Margin3.00%3.23%3.04%3.13%3.46%+46 bps
Efficiency Ratio58.36%49.05%55.73%55.58%52.38%-598 bps
Non-Interest Burden1.58%1.21%1.42%1.53%1.63%+5 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 / Loans0.17%0.00%0.00%0.08%0.01%-17 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