PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Privest Bank

Costa Mesa, CA · Cert 34739

FDIC

Q4 2003

$77.2MAssets
$46.3MLoans
$70.6MDeposits
$4.6MEquity
Loan mix
62%RE $18.5M36%C&I $10.8M2%Consumer $0.4MQ4 2002Q4 2003
Deposit mix
57%Interest-bearing $40.3M43%Noninterest $30.3MQ4 2002Q4 2003

NIM

5.23%Q4 ’014.37%Q4 ’023.71%Q4 ’03-8%-4%

Non-interest income vs. expense

4.03%Q4 ’013.25%Q4 ’023.99%Q4 ’03-16%+26%

Executive Summary

  • Earnings: ROA of -0.53%, down 71 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.24%.
  • Funding: loans stand at 65.61% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

-0.53%-71 bps YoY

Net Interest Margin (YTD, annualized)

3.15%-14 bps YoY

Efficiency Ratio (YTD, annualized)

104.69%+2,122 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.18%0.38%0.46%0.61%-0.53%-71 bps
Return on Equity2.61%5.79%7.03%9.48%-8.37%-1,098 bps
Net Interest Margin3.29%3.58%3.20%3.39%3.15%-14 bps
Efficiency Ratio83.48%82.60%82.35%79.15%104.69%+2,122 bps
Non-Interest Burden2.64%2.85%2.51%2.53%3.33%+69 bps
Growth
Asset Growth (YoY)20.55%27.27%7.26%9.25%1.56%-1,900 bps
Loan Growth (YoY)23.24%58.05%45.87%43.37%33.70%+1,046 bps
Deposit Growth (YoY)23.79%32.81%9.50%9.23%2.07%-2,172 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.24%+24 bps
Allowance / Loans0.86%0.83%0.96%1.01%1.04%+18 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 Capital12.88%12.04%12.18%12.49%10.59%-229 bps
Equity / Assets6.74%6.43%6.33%6.41%5.92%-82 bps
Liquidity & Funding
Loans / Deposits50.09%58.61%54.18%58.74%65.61%+1,552 bps
Liquid Assets / Assets8.54%6.67%10.48%7.30%7.32%-122 bps
CRE / Total Capitaln/an/an/an/an/an/an/a