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Bank of Alameda

Alameda, CA · Cert 34577

FDIC

Q3 2013

$271.6MAssets
$177.3MLoans
$237.3MDeposits
$33.8MEquity
Loan mix
87%RE $101.4M12%C&I $13.8M1%Consumer $1.1MQ3 2012Q3 2013
Deposit mix
72%Interest-bearing $170.4M28%Noninterest $66.9MQ3 2012Q3 2013

NIM

4.13%Q3 ’113.92%Q3 ’123.66%Q3 ’13-3%-4%

Non-interest income vs. expense

3.57%Q3 ’113.64%Q3 ’123.36%Q3 ’13-5%-16%

Executive Summary

  • Earnings: ROA of 3.60%, up 423 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.28%.
  • Funding: loans stand at 74.73% of deposits as of Q3 2013.

Financial Results

Return on Assets (YTD, annualized)

3.60%+423 bps YoY

Net Interest Margin (YTD, annualized)

3.55%-16 bps YoY

Efficiency Ratio (YTD, annualized)

77.97%-749 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets-0.63%-0.20%9.91%5.20%3.60%+423 bps
Return on Equity-5.86%-1.85%83.30%42.72%29.40%+3,526 bps
Net Interest Margin3.71%3.60%3.64%3.61%3.55%-16 bps
Efficiency Ratio85.46%84.35%72.61%75.98%77.97%-749 bps
Non-Interest Burden3.09%2.95%2.24%2.50%2.60%-49 bps
Growth
Asset Growth (YoY)6.74%7.10%-1.69%2.22%0.03%-671 bps
Loan Growth (YoY)0.55%1.20%-1.95%7.73%9.08%+853 bps
Deposit Growth (YoY)7.13%8.23%-4.21%-0.04%-1.42%-855 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.45%2.33%0.42%-0.31%-0.28%-273 bps
Allowance / Loans2.75%2.11%1.97%2.15%2.21%-54 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 Capital16.84%17.06%18.30%17.26%17.91%+107 bps
Equity / Assets10.25%10.66%13.12%12.72%12.44%+220 bps
Liquidity & Funding
Loans / Deposits67.53%70.99%74.49%77.55%74.73%+720 bps
Liquid Assets / Assets19.64%18.44%16.26%10.83%14.61%-502 bps
CRE / Total Capitaln/an/an/an/an/an/an/a