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Pacific Liberty Bank

Huntington Beach, CA · Cert 34817

FDIC

Q3 2005

$163.1MAssets
$119.6MLoans
$143.7MDeposits
$17.7MEquity
Loan mix
13%RE $5.1M87%C&I $34.9M0%Consumer $0.1MQ3 2004Q3 2005
Deposit mix
68%Interest-bearing $98.1M32%Noninterest $45.6MQ3 2004Q3 2005

NIM

5.21%Q3 ’035.76%Q3 ’046.97%Q3 ’05+17%+11%

Non-interest income vs. expense

3.49%Q3 ’033.02%Q3 ’043.10%Q3 ’05-53%-11%

Executive Summary

  • Earnings: ROA of 2.70%, up 65 bps year over year; NIM at 5.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 83.18% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

2.70%+65 bps YoY

Net Interest Margin (quarter, annualized)

5.38%+52 bps YoY

Efficiency Ratio (quarter, annualized)

41.37%-329 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets2.05%1.67%2.49%2.22%2.70%+65 bps
Return on Equity19.10%15.21%22.23%20.00%24.61%+550 bps
Net Interest Margin4.86%4.69%5.29%5.35%5.38%+52 bps
Efficiency Ratio44.66%50.84%41.54%47.17%41.37%-329 bps
Non-Interest Burden1.12%1.84%0.98%1.56%1.00%-12 bps
Growth
Asset Growth (YoY)55.50%35.11%29.92%22.25%21.43%-3,407 bps
Loan Growth (YoY)55.01%58.92%52.02%42.62%30.15%-2,486 bps
Deposit Growth (YoY)50.69%37.73%29.74%21.46%20.85%-2,984 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.00%0.00%-1 bps
Allowance / Loans1.14%1.22%1.24%1.22%1.26%+13 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 Capital14.44%14.61%14.38%13.61%13.84%-60 bps
Equity / Assets10.67%11.33%11.11%11.06%10.87%+20 bps
Liquidity & Funding
Loans / Deposits77.24%88.20%88.87%90.24%83.18%+594 bps
Liquid Assets / Assets0.00%0.07%0.07%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a