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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

4.20%Q3 ’113.84%Q3 ’123.77%Q3 ’13-8%+0%

Non-interest income vs. expense

3.55%Q3 ’113.80%Q3 ’123.25%Q3 ’13-7%-3%

Executive Summary

  • Earnings: ROA of 0.47%, down 11 bps year over year; NIM at 3.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.21%.
  • Funding: loans stand at 74.73% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

0.47%-11 bps YoY

Net Interest Margin (quarter, annualized)

3.64%+1 bps YoY

Efficiency Ratio (quarter, annualized)

82.49%-443 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.58%1.07%9.91%0.48%0.47%-11 bps
Return on Equity5.59%10.23%83.30%3.69%3.71%-188 bps
Net Interest Margin3.63%3.56%3.64%3.65%3.64%+1 bps
Efficiency Ratio86.92%80.93%72.61%79.98%82.49%-443 bps
Non-Interest Burden3.05%2.80%2.24%2.80%2.95%-11 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 / Loans-0.30%2.19%0.42%-1.02%-0.21%+9 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