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Encino State Bank

Encino, CA · Cert 34476

FDIC

Q3 2004

$189.1MAssets
$93.3MLoans
$179.5MDeposits
$9.3MEquity
Loan mix
51%RE $10.2M49%C&I $10.0M0%Consumer $0.0MQ3 2003Q3 2004
Deposit mix
63%Interest-bearing $112.3M37%Noninterest $67.2MQ3 2003Q3 2004

NIM

4.78%Q3 ’024.48%Q3 ’034.05%Q3 ’04-2%-9%

Non-interest income vs. expense

2.90%Q3 ’022.84%Q3 ’037.47%Q3 ’04-1%+187%

Executive Summary

  • Earnings: ROA of -3.99%, down 425 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 51.99% of deposits as of Q3 2004.

Financial Results

Return on Assets (quarter, annualized)

-3.99%-425 bps YoY

Net Interest Margin (quarter, annualized)

3.36%-32 bps YoY

Efficiency Ratio (quarter, annualized)

202%+13,209 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets0.26%0.55%0.53%0.53%-3.99%-425 bps
Return on Equity4.19%9.13%8.83%8.96%-74.90%-7,909 bps
Net Interest Margin3.68%3.42%3.46%3.20%3.36%-32 bps
Efficiency Ratio70.37%75.36%74.97%72.13%202%+13,209 bps
Non-Interest Burden2.48%2.49%2.50%2.22%7.14%+466 bps
Growth
Asset Growth (YoY)20.63%22.71%21.00%21.95%16.11%-452 bps
Loan Growth (YoY)15.81%17.51%10.85%5.33%7.34%-847 bps
Deposit Growth (YoY)21.47%23.63%21.47%22.83%17.53%-394 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.05%0.00%0 bps
Allowance / Loans0.93%0.76%0.76%0.78%0.83%-10 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 Capital10.81%10.77%10.85%10.87%9.37%-144 bps
Equity / Assets6.08%5.99%6.11%5.73%4.93%-115 bps
Liquidity & Funding
Loans / Deposits56.93%56.78%55.14%54.17%51.99%-494 bps
Liquid Assets / Assets0.06%0.06%0.06%0.05%0.05%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a