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Heritage Bank East Bay

Fremont, CA · Cert 34912

FDIC

Q4 2002

$134.3MAssets
$92.4MLoans
$121.3MDeposits
$11.8MEquity
Loan mix
25%RE $11.3M72%C&I $33.0M3%Consumer $1.4MQ4 2001Q4 2002
Deposit mix
83%Interest-bearing $101.1M17%Noninterest $20.2MQ4 2001Q4 2002

NIM

8.26%Q1 ’015.65%Q4 ’014.99%Q4 ’02-33%+11%

Non-interest income vs. expense

4.31%Q1 ’012.97%Q4 ’013.57%Q4 ’02-32%+22%

Executive Summary

  • Earnings: ROA of 0.24%, up 5 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 76.15% of deposits as of Q4 2002.

Financial Results

Return on Assets (quarter, annualized)

0.24%1+5 bps YoY

Net Interest Margin (quarter, annualized)

3.75%+38 bps YoY

Efficiency Ratio (quarter, annualized)

90.58%+654 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets0.19%0.17%0.38%10.37%0.24%1+5 bps
Return on Equity2.22%1.91%4.07%4.27%2.83%+61 bps
Net Interest Margin3.37%3.72%4.04%3.89%3.75%+38 bps
Efficiency Ratio84.03%84.36%81.76%80.65%90.58%+654 bps
Non-Interest Burden2.80%3.14%3.30%3.13%3.41%+61 bps
Growth
Asset Growth (YoY)41.41%18.75%6.55%11.07%1.45%-3,996 bps
Loan Growth (YoY)28.11%15.62%10.52%11.45%8.83%-1,928 bps
Deposit Growth (YoY)41.78%17.85%12.63%12.13%1.02%-4,076 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%1.55%0.00%0.00%-0.01%-1 bps
Allowance / Loans1.48%1.25%1.47%1.48%1.52%+4 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 Capital11.56%11.57%11.97%11.06%11.26%-30 bps
Equity / Assets8.55%8.99%9.56%7.97%8.75%+20 bps
Liquidity & Funding
Loans / Deposits70.68%73.56%77.07%67.43%76.15%+547 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a