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Bank of Madera County

Oakhurst, CA · Cert 35039

FDIC

Q4 2004

$68.1MAssets
$45.8MLoans
$63.8MDeposits
$3.8MEquity
Loan mix
45%RE $8.8M54%C&I $10.5M0%Consumer $0.1MQ4 2003Q4 2004
Deposit mix
70%Interest-bearing $44.6M30%Noninterest $19.2MQ4 2003Q4 2004

NIM

5.92%Q4 ’025.67%Q4 ’035.47%Q4 ’04+5%+1%

Non-interest income vs. expense

4.28%Q4 ’024.20%Q4 ’039.62%Q4 ’04+1%+153%

Executive Summary

  • Earnings: ROA of -5.51%, down 623 bps year over year; NIM at 4.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 71.77% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

-5.51%-623 bps YoY

Net Interest Margin (quarter, annualized)

4.56%+5 bps YoY

Efficiency Ratio (quarter, annualized)

190.19%+10,802 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets0.73%0.79%1.61%0.08%-5.51%-623 bps
Return on Equity9.37%10.15%20.74%1.02%-84.41%-9,378 bps
Net Interest Margin4.51%4.44%4.80%4.50%4.56%+5 bps
Efficiency Ratio82.17%77.12%64.68%101.02%190.19%+10,802 bps
Non-Interest Burden3.60%3.30%2.87%4.55%9.13%+553 bps
Growth
Asset Growth (YoY)21.22%15.54%16.48%15.95%22.16%+94 bps
Loan Growth (YoY)22.07%13.96%7.94%2.28%10.61%-1,146 bps
Deposit Growth (YoY)24.02%17.63%18.35%18.14%24.19%+17 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.03%0.14%0.00%0.07%+7 bps
Allowance / Loans1.36%1.44%1.43%1.43%1.64%+28 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 Capital11.20%11.30%11.18%11.27%8.82%-238 bps
Equity / Assets7.75%7.88%7.61%7.51%5.62%-213 bps
Liquidity & Funding
Loans / Deposits80.59%79.11%74.22%74.61%71.77%-881 bps
Liquid Assets / Assets9.67%7.34%0.02%0.02%0.02%-965 bps
CRE / Total Capitaln/an/an/an/an/an/an/a