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Business First National Bank

Santa Barbara, CA · Cert 35457

FDIC

Q3 2007

$145.9MAssets
$123.9MLoans
$120.3MDeposits
$12.0MEquity
Loan mix
57%RE $49.0M43%C&I $36.8M1%Consumer $0.7MQ3 2006Q3 2007
Deposit mix
73%Interest-bearing $87.9M27%Noninterest $32.3MQ3 2006Q3 2007

NIM

6.45%Q3 ’057.17%Q3 ’067.26%Q3 ’07-3%-7%

Non-interest income vs. expense

4.47%Q3 ’054.06%Q3 ’064.16%Q3 ’07-13%+2%

Executive Summary

  • Earnings: ROA of 0.18%, down 39 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 103.05% of deposits as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

0.18%-39 bps YoY

Net Interest Margin (quarter, annualized)

3.92%-31 bps YoY

Efficiency Ratio (quarter, annualized)

95.79%+795 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets0.57%0.08%0.13%-0.48%0.18%-39 bps
Return on Equity6.14%0.90%1.59%-6.29%2.29%-385 bps
Net Interest Margin4.22%4.12%3.72%3.72%3.92%-31 bps
Efficiency Ratio87.84%89.62%96.75%111.77%95.79%+795 bps
Non-Interest Burden3.66%3.64%3.59%4.21%3.73%+7 bps
Growth
Asset Growth (YoY)9.02%15.67%25.28%26.20%12.23%+321 bps
Loan Growth (YoY)13.39%25.76%20.28%26.80%18.57%+518 bps
Deposit Growth (YoY)2.78%11.14%23.29%27.73%9.01%+624 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.01%0.00%0.00%0.00%0 bps
Allowance / Loans1.22%1.17%1.13%1.10%1.12%-10 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 Capital12.07%10.78%10.45%10.19%10.34%-173 bps
Equity / Assets9.16%8.59%7.70%7.65%8.22%-94 bps
Liquidity & Funding
Loans / Deposits94.74%98.26%89.30%93.45%103.05%+831 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a