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Southwestusa Bank

Las Vegas, NV · Cert 35434

FDIC

Q2 2010

$203.7MAssets
$155.7MLoans
$184.0MDeposits
$1.5MEquity
Loan mix
84%RE $112.7M15%C&I $20.5M0%Consumer $0.3MQ2 2009Q2 2010
Deposit mix
92%Interest-bearing $169.9M8%Noninterest $14.0MQ2 2009Q2 2010

NIM

7.59%Q2 ’085.12%Q2 ’093.63%Q2 ’10-47%-37%

Non-interest income vs. expense

4.07%Q2 ’085.82%Q2 ’097.14%Q2 ’10+40%+23%

Executive Summary

  • Earnings: ROA of -7.88%, down 453 bps year over year; NIM at 1.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.33%.
  • Funding: loans stand at 84.65% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

-7.88%-453 bps YoY

Net Interest Margin (YTD, annualized)

1.61%-93 bps YoY

Efficiency Ratio (YTD, annualized)

385%+17,468 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-3.35%-7.12%-6.92%-1.60%-7.88%-453 bps
Return on Equity-32.90%-77.53%-83.64%-36.62%-245%-21,203 bps
Net Interest Margin2.53%2.65%2.55%1.99%1.61%-93 bps
Efficiency Ratio211%230%214%157.61%385%+17,468 bps
Non-Interest Burden5.59%6.33%5.65%3.37%6.89%+130 bps
Growth
Asset Growth (YoY)22.32%11.29%-2.24%-5.21%-8.48%-3,080 bps
Loan Growth (YoY)8.57%4.29%-5.62%-1.00%-16.59%-2,517 bps
Deposit Growth (YoY)26.52%17.70%5.86%-0.23%0.81%-2,570 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.78%4.38%3.83%1.84%4.33%+255 bps
Allowance / Loans1.59%3.30%3.14%2.81%3.06%+147 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 Capital11.67%6.54%6.16%5.95%1.61%-1,005 bps
Equity / Assets9.65%6.08%4.54%4.21%0.76%-889 bps
Liquidity & Funding
Loans / Deposits102.31%97.59%91.18%90.82%84.65%-1,766 bps
Liquid Assets / Assets1.90%0.62%0.62%4.10%5.19%+329 bps
CRE / Total Capitaln/an/an/an/an/an/an/a