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Mesa Bank

Mesa, AZ · Cert 34911

FDIC

Q3 2009

$206.4MAssets
$108.0MLoans
$187.1MDeposits
$12.5MEquity
Loan mix
89%RE $74.3M11%C&I $9.3M0%Consumer $0.1MQ3 2008Q3 2009
Deposit mix
89%Interest-bearing $166.1M11%Noninterest $21.0MQ3 2008Q3 2009

NIM

8.71%Q3 ’075.13%Q3 ’083.26%Q3 ’09-53%-65%

Non-interest income vs. expense

2.65%Q3 ’072.94%Q3 ’082.99%Q3 ’09+30%+58%

Executive Summary

  • Earnings: ROA of -12.24%, down 361 bps year over year; NIM at 0.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.28%.
  • Funding: loans stand at 57.71% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

-12.24%-361 bps YoY

Net Interest Margin (quarter, annualized)

0.83%-155 bps YoY

Efficiency Ratio (quarter, annualized)

560%+44,609 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-8.63%-2.82%-1.97%-1.91%-12.24%-361 bps
Return on Equity-119.41%-38.51%-26.96%-25.61%-183.41%-6,400 bps
Net Interest Margin2.37%1.41%0.69%0.68%0.83%-155 bps
Efficiency Ratio114.29%137.31%198.22%446%560%+44,609 bps
Non-Interest Burden2.74%2.15%1.90%2.65%4.32%+158 bps
Growth
Asset Growth (YoY)7.06%13.95%17.97%4.78%-8.48%-1,555 bps
Loan Growth (YoY)-21.12%-26.96%-32.09%-27.38%-31.30%-1,018 bps
Deposit Growth (YoY)12.15%27.20%29.22%12.37%1.84%-1,031 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans18.58%4.90%5.19%3.28%4.28%-1,430 bps
Allowance / Loans1.80%2.19%2.02%1.90%2.28%+47 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 Capital9.75%10.10%11.52%8.51%8.24%-151 bps
Equity / Assets7.72%6.96%7.64%7.23%6.04%-168 bps
Liquidity & Funding
Loans / Deposits85.54%70.64%61.95%60.92%57.71%-2,784 bps
Liquid Assets / Assets5.15%20.26%24.58%20.96%19.74%+1,460 bps
CRE / Total Capitaln/an/an/an/an/an/an/a