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Solano Bank

Vacaville, CA · Cert 35511

FDIC

Q4 2004

$116.5MAssets
$96.5MLoans
$105.2MDeposits
$11.0MEquity
Loan mix
37%RE $10.8M61%C&I $17.6M1%Consumer $0.4MQ4 2003Q4 2004
Deposit mix
97%Interest-bearing $102.3M3%Noninterest $2.9MQ4 2003Q4 2004

NIM

5.32%Q4 ’024.67%Q4 ’034.84%Q4 ’04-9%+6%

Non-interest income vs. expense

5.37%Q4 ’024.65%Q4 ’033.73%Q4 ’04-16%-22%

Executive Summary

  • Earnings: ROA of 0.58%, up 69 bps year over year; NIM at 4.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 91.77% of deposits as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

0.58%+69 bps YoY

Net Interest Margin (YTD, annualized)

4.30%+25 bps YoY

Efficiency Ratio (YTD, annualized)

75.89%-2,342 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets-0.11%0.06%0.22%0.41%0.58%+69 bps
Return on Equity-1.11%0.76%2.64%4.84%6.62%+774 bps
Net Interest Margin4.05%4.56%4.41%4.39%4.30%+25 bps
Efficiency Ratio99.31%90.47%85.78%81.14%75.89%-2,342 bps
Non-Interest Burden4.02%4.06%3.69%3.45%3.11%-90 bps
Growth
Asset Growth (YoY)27.12%42.36%39.30%35.21%39.97%+1,285 bps
Loan Growth (YoY)50.11%63.88%68.70%50.91%45.45%-466 bps
Deposit Growth (YoY)31.10%46.06%41.46%36.49%39.33%+823 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 / Loans0.94%0.94%0.93%0.97%1.03%+9 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 Capital10.70%10.40%10.15%10.05%10.90%+19 bps
Equity / Assets8.90%8.21%8.48%8.39%9.42%+52 bps
Liquidity & Funding
Loans / Deposits87.92%80.82%89.19%88.62%91.77%+386 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