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Saehan Bank

Los Angeles, CA · Cert 33435

FDIC

Q3 2013

$592.0MAssets
$419.0MLoans
$508.9MDeposits
$79.4MEquity
Loan mix
84%RE $199.0M15%C&I $35.6M1%Consumer $1.6MQ3 2012Q3 2013
Deposit mix
67%Interest-bearing $340.7M33%Noninterest $168.2MQ3 2012Q3 2013

NIM

4.42%Q3 ’113.51%Q3 ’123.76%Q3 ’13-22%+22%

Non-interest income vs. expense

4.04%Q3 ’113.41%Q3 ’123.45%Q3 ’13-16%+8%

Executive Summary

  • Earnings: ROA of 0.61%, up 31 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.63%.
  • Funding: loans stand at 82.33% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

0.61%+31 bps YoY

Net Interest Margin (quarter, annualized)

3.13%+56 bps YoY

Efficiency Ratio (quarter, annualized)

85.11%-845 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.30%0.10%0.11%0.49%0.61%+31 bps
Return on Equity2.33%0.79%0.81%3.40%4.41%+208 bps
Net Interest Margin2.57%2.45%2.53%3.43%3.13%+56 bps
Efficiency Ratio93.56%97.22%96.77%89.31%85.11%-845 bps
Non-Interest Burden2.33%2.35%2.42%2.94%2.53%+19 bps
Growth
Asset Growth (YoY)9.84%4.44%-9.98%-9.83%-4.26%-1,411 bps
Loan Growth (YoY)-7.64%-5.10%5.18%11.46%15.20%+2,284 bps
Deposit Growth (YoY)12.67%6.07%-10.95%-10.91%-5.47%-1,813 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.01%0.52%0.54%0.06%0.63%-138 bps
Allowance / Loans3.84%3.72%3.43%3.16%2.93%-91 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 Capital21.39%22.38%21.70%20.23%19.77%-162 bps
Equity / Assets12.67%13.04%14.50%14.29%13.41%+74 bps
Liquidity & Funding
Loans / Deposits67.56%69.81%82.19%87.83%82.33%+1,477 bps
Liquid Assets / Assets20.00%30.05%15.72%12.67%10.39%-961 bps
CRE / Total Capitaln/an/an/an/an/an/an/a