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Mission Community Bank, National Association

San Luis Obispo, CA · Cert 34462

FDIC

Q4 2013

$432.4MAssets
$291.8MLoans
$384.6MDeposits
$39.6MEquity
Loan mix
75%RE $145.6M20%C&I $39.3M4%Consumer $8.3MQ4 2012Q4 2013
Deposit mix
63%Interest-bearing $241.6M37%Noninterest $143.0MQ4 2012Q4 2013

NIM

2.38%Q4 ’114.39%Q4 ’124.28%Q4 ’13+100%-1%

Non-interest income vs. expense

2.75%Q4 ’114.14%Q4 ’123.88%Q4 ’13+51%-11%

Executive Summary

  • Earnings: ROA of 0.34%, down 16 bps year over year; NIM at 4.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 75.86% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.34%-16 bps YoY

Net Interest Margin (YTD, annualized)

4.12%-3 bps YoY

Efficiency Ratio (YTD, annualized)

79.82%-738 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.50%0.64%0.56%0.31%0.34%-16 bps
Return on Equity5.58%6.72%6.10%3.41%3.75%-183 bps
Net Interest Margin4.15%4.29%3.98%4.13%4.12%-3 bps
Efficiency Ratio87.20%84.70%85.75%80.59%79.82%-738 bps
Non-Interest Burden3.65%3.67%3.44%3.31%3.26%-40 bps
Growth
Asset Growth (YoY)-4.87%-4.00%-1.63%0.21%-0.06%+481 bps
Loan Growth (YoY)6.17%10.80%13.90%18.44%19.67%+1,350 bps
Deposit Growth (YoY)-5.73%-4.47%-1.88%0.39%-1.24%+449 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.17%0.09%0.07%0.06%+3 bps
Allowance / Loans1.74%1.74%1.69%1.59%1.50%-24 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 Capital13.65%13.61%13.66%12.90%12.73%-92 bps
Equity / Assets9.57%9.62%8.51%8.83%9.17%-40 bps
Liquidity & Funding
Loans / Deposits62.60%62.92%62.13%70.55%75.86%+1,326 bps
Liquid Assets / Assets6.07%2.41%2.26%4.83%6.86%+80 bps
CRE / Total Capitaln/an/an/an/an/an/an/a