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Valley Bank of Arizona

Phoenix, AZ · Cert 34145

FDIC

Q3 2003

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2003, the quarter ended September 30, 2003, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Valley Bank of Arizona

Phoenix, AZ · Cert 34145

FDIC

Q3 2003

$74.4MAssets
$37.6MLoans
$56.5MDeposits
$14.1MEquity
Loan mix
16%RE $1.7M84%C&I $9.2M0%Consumer $0.0MQ3 2002Q3 2003
Deposit mix
79%Interest-bearing $44.9M21%Noninterest $11.7MQ3 2002Q3 2003

NIM

7.20%Q3 ’016.32%Q3 ’021.40%Q3 ’03+7%-75%

Non-interest income vs. expense

3.26%Q3 ’013.22%Q3 ’021.14%Q3 ’03+1%-65%

Executive Summary

  • Earnings: ROA of 0.01%, down 80 bps year over year; NIM at 1.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 66.56% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

0.01%-80 bps YoY

Net Interest Margin (YTD, annualized)

1.00%-302 bps YoY

Efficiency Ratio (YTD, annualized)

91.22%+1,897 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets0.81%0.85%0.76%0.75%0.01%-80 bps
Return on Equity7.39%7.73%6.68%6.44%0.10%-729 bps
Net Interest Margin4.02%3.82%3.78%3.94%1.00%-302 bps
Efficiency Ratio72.25%70.84%68.88%70.78%91.22%+1,897 bps
Non-Interest Burden2.78%2.56%2.41%2.55%0.98%-180 bps
Growth
Asset Growth (YoY)-6.55%6.12%-7.25%-7.37%5.02%+1,157 bps
Loan Growth (YoY)-12.32%-13.25%-10.44%-10.13%-7.71%+460 bps
Deposit Growth (YoY)-9.62%5.28%-9.14%-9.03%-4.64%+498 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.82%0.75%0.09%0.50%0.00%-82 bps
Allowance / Loans1.26%1.14%1.15%1.04%1.29%+3 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 Capital17.82%17.22%17.77%18.52%15.63%-219 bps
Equity / Assets11.65%10.66%12.10%12.13%18.99%+733 bps
Liquidity & Funding
Loans / Deposits68.78%65.02%73.75%69.11%66.56%-221 bps
Liquid Assets / Assets1.23%3.06%0.68%1.39%2.70%+148 bps
CRE / Total Capitaln/an/an/an/an/an/an/a