PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Mojave Desert Bank, National Association

Mojave, CA · Cert 33484

FDIC

Q4 2012

$103.5MAssets
$53.6MLoans
$94.1MDeposits
$8.7MEquity
Loan mix
87%RE $37.3M12%C&I $5.1M1%Consumer $0.5MQ4 2011Q4 2012
Deposit mix
41%Interest-bearing $38.3M59%Noninterest $55.8MQ4 2011Q4 2012

NIM

4.60%Q4 ’103.91%Q4 ’113.73%Q4 ’12-13%-2%

Non-interest income vs. expense

4.29%Q4 ’104.23%Q4 ’114.77%Q4 ’12+1%+6%

Executive Summary

  • Earnings: ROA of 0.03%, up 53 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 56.95% of deposits as of Q4 2012.

Financial Results

Return on Assets (YTD, annualized)

0.03%+53 bps YoY

Net Interest Margin (YTD, annualized)

3.65%-9 bps YoY

Efficiency Ratio (YTD, annualized)

98.57%+657 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets-0.50%0.09%0.18%0.20%0.03%+53 bps
Return on Equity-5.86%1.06%2.14%2.36%0.36%+621 bps
Net Interest Margin3.74%3.55%3.58%3.60%3.65%-9 bps
Efficiency Ratio92.00%94.56%94.31%94.94%98.57%+657 bps
Non-Interest Burden3.37%3.31%3.33%3.35%3.58%+21 bps
Growth
Asset Growth (YoY)7.75%2.82%-0.86%-4.22%-1.56%-932 bps
Loan Growth (YoY)-14.13%-9.53%-3.40%4.50%8.84%+2,297 bps
Deposit Growth (YoY)9.13%3.29%-1.00%-4.74%-1.97%-1,110 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.93%-0.10%0.22%0.11%0.13%-81 bps
Allowance / Loans3.18%3.26%3.05%2.94%2.87%-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 Capital17.03%17.25%17.29%16.86%17.01%-1 bps
Equity / Assets8.22%8.34%8.61%8.48%8.37%+15 bps
Liquidity & Funding
Loans / Deposits51.29%52.51%55.29%56.42%56.95%+566 bps
Liquid Assets / Assets31.80%29.12%28.79%30.62%31.12%-68 bps
CRE / Total Capitaln/an/an/an/an/an/an/a