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First Bankamericano

Elizabeth, NJ · Cert 34270

FDIC

Q2 2009

$163.4MAssets
$112.1MLoans
$155.5MDeposits
$1.7MEquity
Loan mix
73%RE $50.2M27%C&I $18.2M0%Consumer $0.0MQ2 2008Q2 2009
Deposit mix
90%Interest-bearing $140.5M10%Noninterest $15.0MQ2 2008Q2 2009

NIM

7.18%Q2 ’076.03%Q2 ’084.56%Q2 ’09-17%-32%

Non-interest income vs. expense

2.80%Q2 ’073.35%Q2 ’085.36%Q2 ’09+31%+55%

Executive Summary

  • Earnings: ROA of -2.47%, down 244 bps year over year; NIM at 2.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 8.49%.
  • Funding: loans stand at 72.09% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

-2.47%-244 bps YoY

Net Interest Margin (quarter, annualized)

2.18%-103 bps YoY

Efficiency Ratio (quarter, annualized)

213%+11,168 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-0.04%-3.76%-22.91%-6.25%-2.47%-244 bps
Return on Equity-0.44%-45.03%-395%-255%-178.83%-17,838 bps
Net Interest Margin3.20%1.47%2.97%2.10%2.18%-103 bps
Efficiency Ratio101.10%145.63%240%196.07%213%+11,168 bps
Non-Interest Burden3.24%2.64%6.39%4.56%5.02%+178 bps
Growth
Asset Growth (YoY)10.66%-4.17%-15.19%-13.55%-21.21%-3,187 bps
Loan Growth (YoY)-11.74%-12.90%-9.92%-6.15%-6.02%+572 bps
Deposit Growth (YoY)14.33%-2.69%-13.78%-10.99%-17.85%-3,218 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.79%9.04%11.92%7.28%8.49%+771 bps
Allowance / Loans4.69%3.55%6.40%6.03%4.04%-65 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 Capital17.18%15.47%5.52%3.42%2.56%-1,462 bps
Equity / Assets8.37%8.33%3.11%1.74%1.03%-734 bps
Liquidity & Funding
Loans / Deposits63.01%70.37%73.93%77.01%72.09%+908 bps
Liquid Assets / Assets0.02%0.03%0.03%0.03%0.03%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a