PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Valley Commerce Bank

Phoenix, AZ · Cert 34002

FDIC

Q4 2010

$287.6MAssets
$237.6MLoans
$223.9MDeposits
$44.6MEquity
Loan mix
75%RE $158.8M25%C&I $52.3M0%Consumer $0.1MQ4 2009Q4 2010
Deposit mix
90%Interest-bearing $201.1M10%Noninterest $22.8MQ4 2009Q4 2010

NIM

5.36%Q4 ’084.71%Q4 ’094.55%Q4 ’10-7%+1%

Non-interest income vs. expense

7.27%Q4 ’086.90%Q4 ’095.95%Q4 ’10-22%-15%

Executive Summary

  • Earnings: ROA of -3.59%, down 153 bps year over year; NIM at 4.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.89%.
  • Funding: loans stand at 106.12% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

-3.59%-153 bps YoY

Net Interest Margin (quarter, annualized)

4.18%+4 bps YoY

Efficiency Ratio (quarter, annualized)

104.01%-541 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-2.06%-0.74%-1.35%0.08%-3.59%-153 bps
Return on Equity-13.69%-4.94%-8.84%0.49%-23.21%-952 bps
Net Interest Margin4.14%4.04%3.98%4.21%4.18%+4 bps
Efficiency Ratio109.42%86.15%137.76%77.01%104.01%-541 bps
Non-Interest Burden5.26%3.37%5.50%2.85%4.49%-76 bps
Growth
Asset Growth (YoY)10.14%13.12%11.83%13.22%2.36%-778 bps
Loan Growth (YoY)11.27%14.32%13.51%11.43%4.83%-643 bps
Deposit Growth (YoY)57.78%17.87%11.42%21.70%5.39%-5,239 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.10%1.75%0.74%1.95%3.89%+179 bps
Allowance / Loans3.14%3.24%3.22%2.89%3.80%+66 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 Capital10.63%11.32%11.84%12.54%12.05%+142 bps
Equity / Assets14.89%15.12%15.41%15.43%15.52%+64 bps
Liquidity & Funding
Loans / Deposits106.68%110.22%101.60%95.87%106.12%-56 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a