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Southland Business Bank

Irwindale, CA · Cert 35287

FDIC

Q2 2003

$33.7MAssets
$20.8MLoans
$31.2MDeposits
$2.4MEquity
Loan mix
37%RE $1.9M63%C&I $3.2M0%Consumer $0.0MQ2 2002Q2 2003
Deposit mix
73%Interest-bearing $22.9M27%Noninterest $8.4MQ2 2002Q2 2003

NIM

6.52%Q2 ’014.98%Q2 ’025.39%Q2 ’03-21%+31%

Non-interest income vs. expense

7.57%Q2 ’014.51%Q2 ’026.36%Q2 ’03-43%+43%

Executive Summary

  • Earnings: ROA of -1.66%, down 13 bps year over year; NIM at 4.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 66.51% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

-1.66%-13 bps YoY

Net Interest Margin (YTD, annualized)

4.46%+106 bps YoY

Efficiency Ratio (YTD, annualized)

131.55%+1,050 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets-1.53%-1.18%-1.33%-0.62%-1.66%-13 bps
Return on Equity-17.49%-13.90%-15.93%-7.84%-21.52%-404 bps
Net Interest Margin3.40%3.06%3.26%4.40%4.46%+106 bps
Efficiency Ratio121.04%117.56%121.75%109.93%131.55%+1,050 bps
Non-Interest Burden4.19%3.69%4.08%4.92%5.99%+180 bps
Growth
Asset Growth (YoY)72.50%57.19%44.55%-6.27%-4.42%-7,692 bps
Loan Growth (YoY)78.49%36.10%49.46%19.18%-6.29%-8,479 bps
Deposit Growth (YoY)90.05%67.40%50.63%-6.64%-3.94%-9,399 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 / Loans1.58%1.63%1.63%1.61%1.93%+35 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%12.38%11.53%11.24%11.48%-8 bps
Equity / Assets7.43%7.82%7.77%8.17%7.16%-26 bps
Liquidity & Funding
Loans / Deposits68.18%66.42%75.31%84.61%66.51%-167 bps
Liquid Assets / Assets4.15%3.14%4.44%3.11%13.67%+951 bps
CRE / Total Capitaln/an/an/an/an/an/an/a