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Armed Forces Bank of California, National Association

San Diego, CA · Cert 35354

FDIC · 7 branches

Q1 2015

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2015, the quarter ended March 31, 2015, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Armed Forces Bank of California, National Association

San Diego, CA · Cert 35354

FDIC · 7 branches

Q1 2015

$15.9MAssets
$7.1MLoans
$9.7MDeposits
$5.9MEquity
Loan mix
59%RE $3.2M38%C&I $2.1M4%Consumer $0.2MQ1 2014Q1 2015
Deposit mix
67%Interest-bearing $6.5M33%Noninterest $3.2MQ1 2014Q1 2015

NIM

1.38%Q1 ’131.84%Q1 ’142.47%Q1 ’15+42%+36%

Non-interest income vs. expense

16.31%Q1 ’1317.14%Q1 ’1413.50%Q1 ’15+74%-81%

Market Position · San Diego-Carlsbad, CA · 2014 SOD (annual) · 0.0% share · #48 of 52 inst. · $0.0B of $69.2B

Executive Summary

  • Earnings: ROA of 1.15%, up 175 bps year over year; NIM at 2.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.68%.
  • Capital: tier 1 leverage ratio of 36.71%.
  • Funding: loans stand at 72.91% of deposits as of Q1 2015.

Financial Results

Return on Assets (YTD, annualized)

1.15%+175 bps YoY

Net Interest Margin (YTD, annualized)

2.40%+64 bps YoY

Efficiency Ratio (YTD, annualized)

87.56%-1,729 bps YoY

Tier 1 Leverage Ratio

36.71%

Year to date, annualized, through each quarter.

MetricQ1 2014Q2 2014Q3 2014Q4 2014Q1 2015YoY ΔTrend
Earnings
Return on Assets-0.60%-0.54%-0.28%-0.58%1.15%+175 bps
Return on Equity-1.95%-1.71%-0.85%-1.77%3.18%+513 bps
Net Interest Margin1.76%1.71%1.91%2.15%2.40%+64 bps
Efficiency Ratio104.85%104.85%100.49%104.11%87.56%-1,729 bps
Non-Interest Burden2.55%2.48%1.99%2.85%0.47%-208 bps
Growth
Asset Growth (YoY)-1.74%-4.47%-11.17%-12.45%-17.31%-1,556 bps
Loan Growth (YoY)38.41%45.22%66.85%43.38%22.26%-1,615 bps
Deposit Growth (YoY)-2.33%-6.18%-18.25%-16.81%-25.82%-2,349 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.42%0.22%0.33%0.44%0.68%+26 bps
Allowance / Loans1.78%1.62%1.57%1.43%1.44%-34 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/a36.71%n/an/a
Total Risk-Based Capital89.09%83.19%72.80%74.54%81.89%-720 bps
Equity / Assets30.95%32.44%35.83%34.82%37.42%+647 bps
Liquidity & Funding
Loans / Deposits44.24%51.85%80.32%73.82%72.91%+2,867 bps
Liquid Assets / Assets25.33%21.22%1.47%4.70%11.08%-1,425 bps
CRE / Total Capitaln/an/an/an/an/an/an/a