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

4.45%Q4 ’103.75%Q4 ’113.66%Q4 ’12-14%-1%

Non-interest income vs. expense

4.50%Q4 ’104.17%Q4 ’115.07%Q4 ’12-6%+23%

Executive Summary

  • Earnings: ROA of -0.47%, down 31 bps year over year; NIM at 3.59%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
  • Funding: loans stand at 56.95% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

-0.47%-31 bps YoY

Net Interest Margin (quarter, annualized)

3.59%-3 bps YoY

Efficiency Ratio (quarter, annualized)

110.25%+1,729 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets-0.16%0.09%0.27%0.24%-0.47%-31 bps
Return on Equity-2.03%1.06%3.22%2.78%-5.63%-360 bps
Net Interest Margin3.63%3.55%3.59%3.66%3.59%-3 bps
Efficiency Ratio92.97%94.56%94.07%95.94%110.25%+1,729 bps
Non-Interest Burden3.31%3.31%3.32%3.44%4.07%+75 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 / Loans0.55%-0.10%0.54%-0.09%0.19%-37 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