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East Valley Community Bank

Chandler, AZ · Cert 35188

FDIC

Q4 2006

$36.0MAssets
$31.9MLoans
$26.0MDeposits
$5.6MEquity
Loan mix
41%RE $1.7M59%C&I $2.5M1%Consumer $0.0MQ4 2005Q4 2006
Deposit mix
72%Interest-bearing $18.7M28%Noninterest $7.2MQ4 2005Q4 2006

NIM

7.00%Q4 ’047.04%Q4 ’057.17%Q4 ’06-8%-14%

Non-interest income vs. expense

4.72%Q4 ’044.04%Q4 ’053.88%Q4 ’06-12%-1%

Executive Summary

  • Earnings: ROA of 0.93%, unchanged from a year ago; NIM at 4.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 122.74% of deposits as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

0.93%0 bps YoY

Net Interest Margin (quarter, annualized)

4.25%-68 bps YoY

Efficiency Ratio (quarter, annualized)

85.19%+967 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets0.93%1.77%1.17%1.05%0.93%0 bps
Return on Equity8.24%14.85%9.33%7.82%6.39%-185 bps
Net Interest Margin4.93%4.74%4.65%4.78%4.25%-68 bps
Efficiency Ratio75.51%59.10%73.00%74.04%85.19%+967 bps
Non-Interest Burden3.62%2.20%3.27%3.45%3.58%-4 bps
Growth
Asset Growth (YoY)-6.86%-10.37%-16.16%-11.99%-17.07%-1,021 bps
Loan Growth (YoY)-9.63%-20.05%-20.43%-15.44%-17.65%-802 bps
Deposit Growth (YoY)-18.31%-20.08%-19.43%-17.05%-20.07%-176 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.28%1.33%1.14%1.02%1.01%-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 Capital11.97%13.26%13.54%14.11%15.43%+347 bps
Equity / Assets11.77%12.13%13.06%13.69%15.62%+385 bps
Liquidity & Funding
Loans / Deposits119.13%105.61%112.07%119.84%122.74%+361 bps
Liquid Assets / Assets0.45%0.41%7.54%0.45%0.39%-6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a