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Desert Community Bank

Las Vegas, NV · Cert 35253

FDIC

Q4 2009

$97.6MAssets
$81.1MLoans
$86.5MDeposits
$6.8MEquity
Loan mix
86%RE $52.3M13%C&I $8.1M1%Consumer $0.4MQ4 2008Q4 2009
Deposit mix
78%Interest-bearing $67.5M22%Noninterest $19.1MQ4 2008Q4 2009

NIM

8.18%Q4 ’075.82%Q4 ’084.67%Q4 ’09-34%-8%

Non-interest income vs. expense

3.22%Q4 ’072.72%Q4 ’083.25%Q4 ’09-12%+124%

Executive Summary

  • Earnings: ROA of -5.10%, down 553 bps year over year; NIM at 3.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.96%.
  • Funding: loans stand at 93.70% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

-5.10%-553 bps YoY

Net Interest Margin (quarter, annualized)

3.22%-28 bps YoY

Efficiency Ratio (quarter, annualized)

257%+18,683 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets0.43%-1.79%-1.82%-2.56%-5.10%-553 bps
Return on Equity4.49%-18.78%-19.66%-31.08%-69.60%-7,409 bps
Net Interest Margin3.50%3.60%4.10%3.69%3.22%-28 bps
Efficiency Ratio69.75%78.82%78.15%76.10%257%+18,683 bps
Non-Interest Burden2.32%2.76%3.12%2.75%5.21%+289 bps
Growth
Asset Growth (YoY)-1.50%-9.50%-11.41%2.74%-2.68%-118 bps
Loan Growth (YoY)-2.96%-5.86%-6.81%-6.24%-7.21%-425 bps
Deposit Growth (YoY)12.09%-1.09%-2.15%14.94%15.99%+390 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.75%3.95%1.05%0.77%5.96%+421 bps
Allowance / Loans1.08%1.08%1.89%3.08%3.58%+250 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 Capital10.65%10.40%10.09%9.39%8.02%-263 bps
Equity / Assets9.52%9.55%8.95%7.60%7.02%-251 bps
Liquidity & Funding
Loans / Deposits117.13%117.72%107.70%92.79%93.70%-2,343 bps
Liquid Assets / Assets7.20%1.81%3.23%15.06%11.55%+435 bps
CRE / Total Capitaln/an/an/an/an/an/an/a