PackageTrendsPeer
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Valley Oaks National Bank

Solvang, CA · Cert 33557

FDIC

Q3 2001

$66.6MAssets
$53.2MLoans
$59.0MDeposits
$4.8MEquity
Loan mix
77%RE $16.7M22%C&I $4.9M1%Consumer $0.2MQ3 2000Q3 2001
Deposit mix
85%Interest-bearing $50.3M15%Noninterest $8.6MQ3 2000Q3 2001

NIM

8.80%Q1 ’018.35%Q2 ’018.05%Q3 ’01-3%+1%

Non-interest income vs. expense

4.29%Q1 ’014.81%Q2 ’017.29%Q3 ’01+4%+70%

Executive Summary

  • Earnings: ROA of -2.05%, down 327 bps year over year; NIM at 4.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 90.19% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

-2.05%-327 bps YoY

Net Interest Margin (quarter, annualized)

4.96%

Efficiency Ratio (quarter, annualized)

99.28%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets1.22%1.27%1.38%1.03%-2.05%-327 bps
Return on Equityn/an/an/a13.83%-28.26%n/a
Net Interest Marginn/an/a5.05%4.91%4.96%n/a
Efficiency Ration/an/a65.26%70.42%99.28%n/a
Non-Interest Burdenn/an/a2.76%2.89%4.90%n/a
Growth
Asset Growth (YoY)10.99%15.48%13.03%21.32%11.54%+55 bps
Loan Growth (YoY)13.93%10.90%9.06%18.10%15.92%+199 bps
Deposit Growth (YoY)10.15%14.73%12.53%17.33%7.52%-264 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.00%0.01%0.02%n/a
Allowance / Loansn/an/a1.13%1.17%2.28%n/a
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 Capitaln/an/a10.45%10.58%9.87%n/a
Equity / Assetsn/an/a7.52%7.33%7.15%n/a
Liquidity & Funding
Loans / Deposits83.66%81.29%85.51%85.52%90.19%+653 bps
Liquid Assets / Assets0.00%0.00%9.98%8.08%6.55%+655 bps
CRE / Total Capitaln/an/an/an/an/an/an/a