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Southwest Community Bank

Encinitas, CA · Cert 34410

FDIC

Q1 2006

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: Q1 2006, the quarter ended March 31, 2006, 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

Southwest Community Bank

Encinitas, CA · Cert 34410

FDIC

Q1 2006

$647.6MAssets
$310.8MLoans
$585.4MDeposits
$55.6MEquity
Loan mix
16%RE $15.6M84%C&I $83.4M0%Consumer $0.1MQ1 2005Q1 2006
Deposit mix
25%Interest-bearing $144.1M75%Noninterest $441.3MQ1 2005Q1 2006

NIM

5.11%Q1 ’045.05%Q1 ’055.79%Q1 ’06-5%+9%

Non-interest income vs. expense

3.78%Q1 ’043.27%Q1 ’053.13%Q1 ’06+13%-4%

Executive Summary

  • Earnings: ROA of 1.62%, up 46 bps year over year; NIM at 5.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
  • Funding: loans stand at 53.10% of deposits as of Q1 2006.

Financial Results

Return on Assets (YTD, annualized)

1.62%+46 bps YoY

Net Interest Margin (YTD, annualized)

5.09%+43 bps YoY

Efficiency Ratio (YTD, annualized)

52.07%-593 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets1.16%1.35%1.45%1.47%1.62%+46 bps
Return on Equity16.56%18.33%18.98%19.01%19.52%+296 bps
Net Interest Margin4.66%4.40%4.56%4.57%5.09%+43 bps
Efficiency Ratio58.00%53.51%53.27%53.82%52.07%-593 bps
Non-Interest Burden2.29%1.90%1.94%1.99%2.21%-8 bps
Growth
Asset Growth (YoY)67.47%47.59%28.54%24.47%8.27%-5,920 bps
Loan Growth (YoY)35.73%42.24%28.30%10.99%8.18%-2,755 bps
Deposit Growth (YoY)67.36%44.00%26.78%22.58%5.77%-6,158 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.09%0.06%0.05%-0.05%-4 bps
Allowance / Loans1.41%1.45%1.53%1.43%1.46%+4 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 Capital12.08%13.61%14.22%13.88%14.76%+268 bps
Equity / Assets6.90%8.05%8.47%8.07%8.58%+168 bps
Liquidity & Funding
Loans / Deposits51.91%54.32%53.79%52.80%53.10%+118 bps
Liquid Assets / Assets0.08%0.07%0.06%0.05%0.05%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a