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Letter portraitLegal landscapeQuarterYTD

Temecula Valley Bank, National Association

Temecula, CA · Cert 34341

FDIC

Q2 2009

$1.4BAssets
$1.2BLoans
$1.3BDeposits
$21.4MEquity
Loan mix
89%RE $778.2M11%C&I $100.8M0%Consumer $0.2MQ2 2008Q2 2009
Deposit mix
97%Interest-bearing $1.2B3%Noninterest $0.0BQ2 2008Q2 2009

NIM

9.06%Q2 ’076.53%Q2 ’084.35%Q2 ’09-31%-48%

Non-interest income vs. expense

4.28%Q2 ’073.73%Q2 ’084.03%Q2 ’09+21%+135%

Executive Summary

  • Earnings: ROA of -10.48%, down 1,008 bps year over year; NIM at 1.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.25%.
  • Funding: loans stand at 93.41% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

-10.48%-1,008 bps YoY

Net Interest Margin (quarter, annualized)

1.94%-178 bps YoY

Efficiency Ratio (quarter, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-0.40%-0.82%-14.37%-9.33%-10.48%-1,008 bps
Return on Equity-3.74%-8.08%-175.40%-172.55%-356%-35,237 bps
Net Interest Margin3.71%3.49%3.00%1.80%1.94%-178 bps
Efficiency Ratio83.17%81.08%175.01%600%n/an/a
Non-Interest Burden2.96%2.74%4.10%4.30%6.95%+399 bps
Growth
Asset Growth (YoY)11.78%15.89%14.66%8.67%-4.45%-1,623 bps
Loan Growth (YoY)15.20%12.92%11.49%4.64%-10.13%-2,533 bps
Deposit Growth (YoY)6.95%5.05%11.46%10.47%3.19%-376 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.92%1.97%9.25%5.45%7.25%+633 bps
Allowance / Loans1.45%1.48%3.73%4.21%4.26%+282 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 Capital11.25%10.98%7.52%5.43%2.87%-838 bps
Equity / Assets10.38%9.85%6.53%4.27%1.53%-885 bps
Liquidity & Funding
Loans / Deposits107.25%112.11%106.38%99.71%93.41%-1,385 bps
Liquid Assets / Assets0.27%0.26%0.29%0.28%6.36%+608 bps
CRE / Total Capitaln/an/an/an/an/an/an/a