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Letter portraitLegal landscapeQuarterYTD

Business Bank of Nevada

Las Vegas, NV · Cert 34077

FDIC

Q1 2007

$524.0MAssets
$387.0MLoans
$464.1MDeposits
$50.8MEquity
Loan mix
68%RE $231.4M32%C&I $106.8M0%Consumer $0.4MQ1 2006Q1 2007
Deposit mix
74%Interest-bearing $343.1M26%Noninterest $121.0MQ1 2006Q1 2007

NIM

5.54%Q1 ’057.06%Q1 ’067.95%Q1 ’07+22%-7%

Non-interest income vs. expense

3.08%Q1 ’053.13%Q1 ’062.99%Q1 ’07+2%-13%

Executive Summary

  • Earnings: ROA of 1.70%, down 3 bps year over year; NIM at 5.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 83.39% of deposits as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

1.70%-3 bps YoY

Net Interest Margin (quarter, annualized)

5.34%-43 bps YoY

Efficiency Ratio (quarter, annualized)

51.48%-74 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets1.73%1.54%1.70%1.58%1.70%-3 bps
Return on Equity19.61%16.89%18.27%16.56%17.65%-196 bps
Net Interest Margin5.77%5.68%5.46%5.35%5.34%-43 bps
Efficiency Ratio52.21%54.55%52.31%53.71%51.48%-74 bps
Non-Interest Burden2.91%3.00%2.76%2.76%2.53%-38 bps
Growth
Asset Growth (YoY)16.22%14.61%19.16%11.88%19.45%+323 bps
Loan Growth (YoY)29.64%32.88%34.69%35.48%20.20%-944 bps
Deposit Growth (YoY)15.79%6.78%16.06%12.12%17.42%+163 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.01%0.00%0.00%0.03%+6 bps
Allowance / Loans1.09%1.11%1.08%1.11%1.17%+8 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 Capital12.55%11.88%11.64%11.92%11.14%-141 bps
Equity / Assets9.17%9.05%9.51%9.55%9.69%+52 bps
Liquidity & Funding
Loans / Deposits81.46%91.55%88.69%86.08%83.39%+193 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