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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

4.01%Q4 ’114.10%Q4 ’124.08%Q4 ’13+7%0%

Non-interest income vs. expense

4.82%Q4 ’114.12%Q4 ’123.82%Q4 ’13-23%-10%

Executive Summary

  • Earnings: ROA of 0.44%, down 5 bps year over year; NIM at 3.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 75.86% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

0.44%-5 bps YoY

Net Interest Margin (quarter, annualized)

3.93%0 bps YoY

Efficiency Ratio (quarter, annualized)

77.54%-677 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.48%0.64%0.49%-0.19%0.44%-5 bps
Return on Equity5.07%6.72%5.36%-2.18%4.85%-22 bps
Net Interest Margin3.93%4.29%3.87%4.45%3.93%0 bps
Efficiency Ratio84.31%84.70%86.84%71.85%77.54%-677 bps
Non-Interest Burden3.28%3.67%3.39%3.08%2.94%-33 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 / Loans0.26%0.17%0.01%0.07%0.02%-24 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