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Letter portraitLegal landscapeQuarterYTD

California National Bank

Los Angeles, CA · Cert 34659

FDIC

Q3 2009

$7.8BAssets
$4.9BLoans
$6.1BDeposits
$304.5MEquity
Loan mix
96%RE $3.2B4%C&I $0.1B0%Consumer $0.0BQ3 2008Q3 2009
Deposit mix
94%Interest-bearing $5.8B6%Noninterest $0.4BQ3 2008Q3 2009

NIM

7.57%Q3 ’075.77%Q3 ’083.73%Q3 ’09-14%-39%

Non-interest income vs. expense

2.00%Q3 ’071.67%Q3 ’082.02%Q3 ’09-4%+42%

Executive Summary

  • Earnings: ROA of -1.65%, up 1,419 bps year over year; NIM at 2.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.68%.
  • Funding: loans stand at 80.32% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

-1.65%+1,419 bps YoY

Net Interest Margin (quarter, annualized)

2.10%-136 bps YoY

Efficiency Ratio (quarter, annualized)

97.74%+5,236 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-15.84%-4.51%0.06%1-1.14%-1.65%+1,419 bps
Return on Equity-205%-83.67%1.14%-24.12%-39.31%+16,588 bps
Net Interest Margin3.46%3.62%2.75%2.53%2.10%-136 bps
Efficiency Ratio45.38%93.01%68.47%88.12%97.74%+5,236 bps
Non-Interest Burden1.45%3.44%1.82%2.21%2.05%+60 bps
Growth
Asset Growth (YoY)11.76%11.71%4.70%6.04%22.40%+1,064 bps
Loan Growth (YoY)35.14%33.11%19.96%2.19%-0.61%-3,575 bps
Deposit Growth (YoY)2.24%-0.63%4.74%22.83%29.23%+2,699 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.20%2.06%1.54%2.71%1.68%+148 bps
Allowance / Loans1.56%2.10%2.01%2.03%2.13%+58 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 Capital6.50%5.00%4.85%2.00%0.14%-636 bps
Equity / Assets5.81%4.96%4.95%4.50%3.91%-190 bps
Liquidity & Funding
Loans / Deposits104.43%107.65%103.65%88.57%80.32%-2,411 bps
Liquid Assets / Assets0.04%0.04%4.27%11.68%20.79%+2,075 bps
CRE / Total Capitaln/an/an/an/an/an/an/a