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Letter portraitLegal landscapeQuarterYTD

Mission Oaks National Bank

Temecula, CA · Cert 57021

FDIC

Q1 2014

$98.5MAssets
$67.3MLoans
$88.5MDeposits
$9.3MEquity
Loan mix
83%RE $35.9M15%C&I $6.5M2%Consumer $0.9MQ1 2013Q1 2014
Deposit mix
70%Interest-bearing $62.2M30%Noninterest $26.3MQ1 2013Q1 2014

NIM

4.12%Q1 ’124.39%Q1 ’134.05%Q1 ’14+16%-7%

Non-interest income vs. expense

6.30%Q1 ’125.05%Q1 ’135.12%Q1 ’14-24%-1%

Executive Summary

  • Earnings: ROA of -0.81%, down 181 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.32%.
  • Funding: loans stand at 76.05% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

-0.81%-181 bps YoY

Net Interest Margin (YTD, annualized)

3.75%-29 bps YoY

Efficiency Ratio (YTD, annualized)

118.82%+667 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets1.00%0.37%0.03%10.25%-0.81%-181 bps
Return on Equity10.94%3.97%0.35%2.68%-8.40%-1,934 bps
Net Interest Margin4.04%4.05%4.11%4.12%3.75%-29 bps
Efficiency Ratio112.14%110.14%111.59%103.56%118.82%+667 bps
Non-Interest Burden4.59%4.51%4.65%4.29%4.56%-3 bps
Growth
Asset Growth (YoY)-20.96%-15.52%-9.33%-6.85%-6.05%+1,491 bps
Loan Growth (YoY)-16.49%-5.93%-5.04%-8.00%-8.48%+801 bps
Deposit Growth (YoY)-21.40%-16.67%-10.45%-7.76%-6.37%+1,503 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.86%1.04%0.84%0.67%0.32%-54 bps
Allowance / Loans3.93%3.65%3.48%3.73%3.76%-17 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 Capital13.91%13.78%13.41%14.56%14.67%+76 bps
Equity / Assets9.18%9.54%9.24%9.92%9.42%+24 bps
Liquidity & Funding
Loans / Deposits77.79%82.27%82.43%81.18%76.05%-175 bps
Liquid Assets / Assets12.94%10.21%12.19%14.62%19.33%+639 bps
CRE / Total Capitaln/an/an/an/an/an/an/a