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Valley First Community Bank

Scottsdale, AZ · Cert 34527

FDIC

Q1 2013

$31.6MAssets
$23.8MLoans
$30.8MDeposits
$671KEquity
Loan mix
87%RE $14.0M12%C&I $2.0M0%Consumer $0.0MQ1 2012Q1 2013
Deposit mix
73%Interest-bearing $22.5M27%Noninterest $8.3MQ1 2012Q1 2013

NIM

3.76%Q1 ’113.96%Q1 ’123.66%Q1 ’13+15%-2%

Non-interest income vs. expense

4.69%Q1 ’115.37%Q1 ’126.69%Q1 ’13+1%+13%

Executive Summary

  • Earnings: ROA of -0.65%, up 171 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 77.17% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

-0.65%+171 bps YoY

Net Interest Margin (quarter, annualized)

3.19%-6 bps YoY

Efficiency Ratio (quarter, annualized)

191.97%+1,094 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets-2.36%-3.18%-3.20%-5.72%-0.65%+171 bps
Return on Equity-112.50%-152.23%-149.51%-267%-29.99%+8,251 bps
Net Interest Margin3.25%2.99%3.09%3.27%3.19%-6 bps
Efficiency Ratio181.03%177.84%233%941%191.97%+1,094 bps
Non-Interest Burden5.65%5.51%6.24%8.93%6.40%+74 bps
Growth
Asset Growth (YoY)-38.44%-38.22%-20.54%-22.55%-27.59%+1,084 bps
Loan Growth (YoY)-34.71%-34.58%-21.89%-24.55%-24.80%+990 bps
Deposit Growth (YoY)-38.22%-38.15%-19.85%-22.50%-27.68%+1,054 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.58%3.03%0.57%1.75%0.03%-55 bps
Allowance / Loans5.55%5.21%5.56%5.76%5.20%-35 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 Capital3.93%4.00%4.02%4.11%4.18%+25 bps
Equity / Assets2.00%2.19%2.09%2.20%2.13%+13 bps
Liquidity & Funding
Loans / Deposits74.22%79.40%76.94%78.72%77.17%+295 bps
Liquid Assets / Assets16.29%10.08%12.08%8.89%21.40%+511 bps
CRE / Total Capitaln/an/an/an/an/an/an/a