PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of Commerce

Henderson, NV · Cert 34385

FDIC

Q2 2005

$153.4MAssets
$108.0MLoans
$127.9MDeposits
$15.7MEquity
Loan mix
20%RE $8.6M80%C&I $34.6M0%Consumer $0.1MQ2 2004Q2 2005
Deposit mix
72%Interest-bearing $92.7M28%Noninterest $35.3MQ2 2004Q2 2005

NIM

6.13%Q2 ’035.41%Q2 ’046.26%Q2 ’05-1%+12%

Non-interest income vs. expense

3.33%Q2 ’032.82%Q2 ’042.98%Q2 ’05-12%+4%

Executive Summary

  • Earnings: ROA of 1.45%, up 52 bps year over year; NIM at 4.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 84.41% of deposits as of Q2 2005.

Financial Results

Return on Assets (quarter, annualized)

1.45%+52 bps YoY

Net Interest Margin (quarter, annualized)

4.90%+52 bps YoY

Efficiency Ratio (quarter, annualized)

56.57%-339 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets0.93%1.03%0.61%1.24%1.45%+52 bps
Return on Equity9.87%10.74%6.42%13.54%15.14%+527 bps
Net Interest Margin4.38%4.50%4.77%5.00%4.90%+52 bps
Efficiency Ratio59.95%57.87%50.98%51.37%56.57%-339 bps
Non-Interest Burden2.50%2.43%2.23%2.40%2.61%+11 bps
Growth
Asset Growth (YoY)26.28%15.36%16.83%10.39%7.30%-1,898 bps
Loan Growth (YoY)17.42%12.86%15.57%21.06%4.81%-1,260 bps
Deposit Growth (YoY)29.17%12.14%14.59%4.74%5.35%-2,381 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.33%0.09%1.32%0.27%0.06%-27 bps
Allowance / Loans0.91%1.01%1.14%1.30%1.51%+60 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 Capital13.80%13.57%13.17%13.20%15.11%+131 bps
Equity / Assets9.58%9.52%9.40%8.96%10.23%+64 bps
Liquidity & Funding
Loans / Deposits84.84%88.57%92.71%87.88%84.41%-43 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