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California Oaks State Bank

Thousand Oaks, CA · Cert 34579

FDIC

Q3 2010

$137.5MAssets
$96.0MLoans
$114.9MDeposits
$16.7MEquity
Loan mix
40%RE $32.9M59%C&I $48.7M1%Consumer $0.7MQ3 2009Q3 2010
Deposit mix
69%Interest-bearing $79.5M31%Noninterest $35.4MQ3 2009Q3 2010

NIM

6.44%Q3 ’085.08%Q3 ’094.87%Q3 ’10-21%+8%

Non-interest income vs. expense

4.83%Q3 ’084.60%Q3 ’094.90%Q3 ’10-17%+21%

Executive Summary

  • Earnings: ROA of -0.43%, down 64 bps year over year; NIM at 4.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.59%.
  • Funding: loans stand at 83.57% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

-0.43%-64 bps YoY

Net Interest Margin (quarter, annualized)

4.19%+32 bps YoY

Efficiency Ratio (quarter, annualized)

102.99%+902 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets0.20%-2.17%-0.03%0.06%-0.43%-64 bps
Return on Equity1.48%-16.08%-0.26%0.45%-3.55%-504 bps
Net Interest Margin3.87%4.01%3.97%3.99%4.19%+32 bps
Efficiency Ratio93.97%92.75%94.09%92.14%102.99%+902 bps
Non-Interest Burden3.58%3.67%3.70%3.63%4.34%+76 bps
Growth
Asset Growth (YoY)5.68%3.35%3.64%7.76%5.55%-13 bps
Loan Growth (YoY)-8.38%-7.40%-10.10%-5.27%-0.28%+810 bps
Deposit Growth (YoY)6.70%7.54%17.47%23.02%19.59%+1,289 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.15%2.00%1.04%0.43%0.59%+44 bps
Allowance / Loans2.01%1.95%1.87%1.89%1.82%-19 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 Capital17.38%16.67%17.11%17.39%17.04%-34 bps
Equity / Assets13.49%13.44%12.81%12.32%12.14%-135 bps
Liquidity & Funding
Loans / Deposits100.21%102.59%88.18%83.23%83.57%-1,665 bps
Liquid Assets / Assets12.35%11.75%13.24%15.07%14.11%+176 bps
CRE / Total Capitaln/an/an/an/an/an/an/a