PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

1st Pacific Bank of California

San Diego, CA · Cert 35517

FDIC

Q1 2010

$335.8MAssets
$279.8MLoans
$291.2MDeposits
$11.2MEquity
Loan mix
77%RE $156.3M23%C&I $46.7M0%Consumer $0.3MQ1 2009Q1 2010
Deposit mix
75%Interest-bearing $218.6M25%Noninterest $72.6MQ1 2009Q1 2010

NIM

7.02%Q1 ’085.43%Q1 ’095.07%Q1 ’10-20%+5%

Non-interest income vs. expense

3.73%Q1 ’083.75%Q1 ’094.15%Q1 ’10+5%+7%

Executive Summary

  • Earnings: ROA of -0.19%, up 17 bps year over year; NIM at 3.68%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.36%.
  • Funding: loans stand at 96.10% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-0.19%+17 bps YoY

Net Interest Margin (quarter, annualized)

3.68%+19 bps YoY

Efficiency Ratio (quarter, annualized)

104.99%+142 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-0.36%-0.75%-15.71%0.11%-0.19%+17 bps
Return on Equity-5.79%-12.17%-331%3.63%-5.80%-2 bps
Net Interest Margin3.49%3.54%3.75%4.12%3.68%+19 bps
Efficiency Ratio103.56%116.69%108.22%100.28%104.99%+142 bps
Non-Interest Burden3.69%4.17%4.12%4.20%3.95%+25 bps
Growth
Asset Growth (YoY)6.75%-7.17%-14.82%-14.45%-25.42%-3,218 bps
Loan Growth (YoY)4.39%-4.52%-6.08%-10.90%-21.68%-2,607 bps
Deposit Growth (YoY)12.69%-1.77%-11.14%-9.03%-19.94%-3,262 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.18%8.86%0.07%-0.36%-58 bps
Allowance / Loans1.56%1.53%2.37%3.03%3.51%+196 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 Capital8.51%8.49%5.67%6.20%4.95%-356 bps
Equity / Assets6.01%6.31%3.01%3.13%3.34%-267 bps
Liquidity & Funding
Loans / Deposits98.24%106.27%108.07%103.23%96.10%-214 bps
Liquid Assets / Assets0.13%0.14%0.15%0.16%10.29%+1,016 bps
CRE / Total Capitaln/an/an/an/an/an/an/a