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Tamalpais Bank

San Rafael, CA · Cert 33493

FDIC

Q1 2010

$611.5MAssets
$488.5MLoans
$457.2MDeposits
$17.3MEquity
Loan mix
90%RE $298.1M9%C&I $30.8M0%Consumer $1.0MQ1 2009Q1 2010
Deposit mix
92%Interest-bearing $422.1M8%Noninterest $35.1MQ1 2009Q1 2010

NIM

7.17%Q1 ’086.12%Q1 ’095.40%Q1 ’10+1%-16%

Non-interest income vs. expense

2.30%Q1 ’081.99%Q1 ’093.37%Q1 ’10-9%+82%

Executive Summary

  • Earnings: ROA of -1.07%, down 121 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.96%.
  • Funding: loans stand at 106.85% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-1.07%-121 bps YoY

Net Interest Margin (YTD, annualized)

3.15%-59 bps YoY

Efficiency Ratio (YTD, annualized)

100.72%+5,081 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.14%-1.08%-1.60%-5.28%-1.07%-121 bps
Return on Equity1.72%-13.90%-21.33%-79.09%-36.82%-3,854 bps
Net Interest Margin3.74%3.85%3.53%3.54%3.15%-59 bps
Efficiency Ratio49.92%51.00%58.47%71.76%100.72%+5,081 bps
Non-Interest Burden1.75%1.85%2.06%2.54%3.18%+143 bps
Growth
Asset Growth (YoY)16.16%8.30%2.31%-10.47%-12.34%-2,850 bps
Loan Growth (YoY)17.51%6.57%0.14%-12.46%-17.28%-3,479 bps
Deposit Growth (YoY)17.10%15.58%11.49%5.89%-1.45%-1,855 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.28%1.51%1.22%6.91%1.96%+168 bps
Allowance / Loans1.87%2.95%4.56%4.45%4.57%+270 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 Capital10.47%9.69%9.24%4.87%4.66%-581 bps
Equity / Assets7.98%7.35%6.77%2.99%2.83%-515 bps
Liquidity & Funding
Loans / Deposits127.29%122.97%116.69%106.39%106.85%-2,044 bps
Liquid Assets / Assets1.71%2.47%3.65%2.57%2.19%+48 bps
CRE / Total Capitaln/an/an/an/an/an/an/a