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Sun West Bank

Las Vegas, NV · Cert 34785

FDIC

Q1 2010

$360.7MAssets
$264.2MLoans
$353.9MDeposits
$4.7MEquity
Loan mix
69%RE $153.0M30%C&I $67.1M0%Consumer $0.1MQ1 2009Q1 2010
Deposit mix
90%Interest-bearing $318.4M10%Noninterest $35.6MQ1 2009Q1 2010

NIM

7.21%Q1 ’085.38%Q1 ’093.98%Q1 ’10-21%-28%

Non-interest income vs. expense

2.93%Q1 ’083.00%Q1 ’093.52%Q1 ’10+10%+22%

Executive Summary

  • Earnings: ROA of -5.03%, down 458 bps year over year; NIM at 2.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.56%.
  • Funding: loans stand at 74.64% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-5.03%-458 bps YoY

Net Interest Margin (quarter, annualized)

2.41%-92 bps YoY

Efficiency Ratio (quarter, annualized)

135.71%+5,209 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-0.45%-11.39%-12.52%-7.45%-5.03%-458 bps
Return on Equity-4.59%-137.43%-221%-222%-267%-26,208 bps
Net Interest Margin3.33%3.25%3.21%2.23%2.41%-92 bps
Efficiency Ratio83.62%87.13%96.73%573%135.71%+5,209 bps
Non-Interest Burden2.75%2.80%3.11%5.08%3.34%+59 bps
Growth
Asset Growth (YoY)2.53%-7.93%-14.54%-9.20%-16.30%-1,883 bps
Loan Growth (YoY)-1.96%-10.55%-13.01%-23.19%-25.63%-2,367 bps
Deposit Growth (YoY)4.66%-4.40%-9.40%-1.71%-8.83%-1,349 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.69%8.67%10.94%14.75%1.56%+87 bps
Allowance / Loans2.54%4.18%5.68%4.19%5.54%+300 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 Capital11.84%9.28%6.17%4.19%2.77%-907 bps
Equity / Assets9.49%7.02%4.26%2.45%1.30%-820 bps
Liquidity & Funding
Loans / Deposits91.49%89.27%85.33%76.74%74.64%-1,686 bps
Liquid Assets / Assets9.11%10.69%12.35%14.80%15.66%+655 bps
CRE / Total Capitaln/an/an/an/an/an/an/a