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Modesto Commerce Bank

Modesto, CA · Cert 34651

FDIC

Q3 2003

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2003, the quarter ended September 30, 2003, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Modesto Commerce Bank

Modesto, CA · Cert 34651

FDIC

Q3 2003

$307.6MAssets
$207.3MLoans
$268.0MDeposits
$22.5MEquity
Loan mix
15%RE $10.4M83%C&I $56.5M2%Consumer $1.3MQ3 2002Q3 2003
Deposit mix
66%Interest-bearing $176.3M34%Noninterest $91.7MQ3 2002Q3 2003

NIM

6.84%Q3 ’015.31%Q3 ’024.73%Q3 ’03-16%-5%

Non-interest income vs. expense

1.89%Q3 ’011.86%Q3 ’021.60%Q3 ’03-4%-16%

Executive Summary

  • Earnings: ROA of 1.38%, up 10 bps year over year; NIM at 3.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
  • Funding: loans stand at 77.35% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

1.38%+10 bps YoY

Net Interest Margin (YTD, annualized)

3.69%-20 bps YoY

Efficiency Ratio (YTD, annualized)

40.58%-437 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.28%1.29%1.18%1.27%1.38%+10 bps
Return on Equity16.59%17.12%16.92%18.00%19.36%+277 bps
Net Interest Margin3.88%3.57%3.70%3.67%3.69%-20 bps
Efficiency Ratio44.95%43.56%44.82%42.96%40.58%-437 bps
Non-Interest Burden1.60%1.42%1.51%1.43%1.35%-25 bps
Growth
Asset Growth (YoY)35.55%34.19%34.68%28.97%18.87%-1,669 bps
Loan Growth (YoY)25.53%21.20%26.47%23.06%23.55%-198 bps
Deposit Growth (YoY)37.05%37.60%37.76%31.08%19.71%-1,734 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.12%-0.09%0.65%0.30%0.19%+30 bps
Allowance / Loans1.46%1.50%1.34%1.28%1.26%-21 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 Capital10.31%10.21%10.25%10.01%10.03%-28 bps
Equity / Assets7.21%6.90%7.09%7.16%7.31%+9 bps
Liquidity & Funding
Loans / Deposits74.94%72.03%73.19%75.94%77.35%+240 bps
Liquid Assets / Assets1.20%0.77%0.77%0.75%0.74%-46 bps
CRE / Total Capitaln/an/an/an/an/an/an/a