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Letter portraitLegal landscapeQuarterYTD

Kaweah National Bank

Visalia, CA · Cert 33341

FDIC

Q2 2003

$91.5MAssets
$73.1MLoans
$81.9MDeposits
$7.3MEquity
Loan mix
53%RE $11.1M46%C&I $9.6M1%Consumer $0.3MQ2 2002Q2 2003
Deposit mix
75%Interest-bearing $61.5M25%Noninterest $20.4MQ2 2002Q2 2003

NIM

7.93%Q2 ’017.41%Q2 ’026.71%Q2 ’03+16%-5%

Non-interest income vs. expense

4.45%Q2 ’015.08%Q2 ’025.31%Q2 ’03+5%+6%

Executive Summary

  • Earnings: ROA of 0.98%, down 24 bps year over year; NIM at 5.70%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 89.28% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

0.98%-24 bps YoY

Net Interest Margin (YTD, annualized)

5.70%-29 bps YoY

Efficiency Ratio (YTD, annualized)

76.74%+611 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 Assets1.22%1.31%1.29%1.05%0.98%-24 bps
Return on Equity16.44%17.51%17.03%13.42%12.41%-402 bps
Net Interest Margin5.98%6.01%5.85%5.86%5.70%-29 bps
Efficiency Ratio70.63%69.55%70.23%75.25%76.74%+611 bps
Non-Interest Burden3.87%3.80%3.75%4.07%4.09%+21 bps
Growth
Asset Growth (YoY)19.03%10.44%7.88%13.33%13.77%-526 bps
Loan Growth (YoY)24.05%18.86%11.47%16.83%14.35%-971 bps
Deposit Growth (YoY)12.72%2.91%6.25%11.96%17.59%+487 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.03%0.04%0.08%0.05%+1 bps
Allowance / Loans0.98%0.97%0.99%0.98%1.00%+3 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 Capital10.37%10.39%10.67%10.55%10.85%+49 bps
Equity / Assets7.68%7.61%7.92%7.77%7.93%+25 bps
Liquidity & Funding
Loans / Deposits91.82%93.15%93.40%89.29%89.28%-253 bps
Liquid Assets / Assets7.11%5.78%5.28%4.32%3.65%-346 bps
CRE / Total Capitaln/an/an/an/an/an/an/a