PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Premier Service Bank

Riverside, CA · Cert 57059

FDIC

Q4 2013

$130.9MAssets
$60.0MLoans
$117.3MDeposits
$10.5MEquity
Loan mix
79%RE $36.8M20%C&I $9.3M1%Consumer $0.2MQ4 2012Q4 2013
Deposit mix
62%Interest-bearing $73.0M38%Noninterest $44.3MQ4 2012Q4 2013

NIM

5.09%Q4 ’114.72%Q4 ’123.61%Q4 ’13-5%-22%

Non-interest income vs. expense

4.07%Q4 ’113.94%Q4 ’123.87%Q4 ’13-2%-14%

Executive Summary

  • Earnings: ROA of -0.09%, down 20 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.97%.
  • Funding: loans stand at 51.14% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

-0.09%-20 bps YoY

Net Interest Margin (YTD, annualized)

3.29%-90 bps YoY

Efficiency Ratio (YTD, annualized)

102.31%+873 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.11%1.05%0.50%0.12%-0.09%-20 bps
Return on Equity1.44%12.65%5.91%1.38%-1.07%-251 bps
Net Interest Margin4.19%3.69%3.55%3.41%3.29%-90 bps
Efficiency Ratio93.58%78.71%88.42%97.05%102.31%+873 bps
Non-Interest Burden3.92%2.64%3.04%3.29%3.38%-55 bps
Growth
Asset Growth (YoY)-6.54%-5.48%-5.95%-7.20%-0.88%+566 bps
Loan Growth (YoY)-19.97%-25.32%-29.19%-26.72%-27.53%-756 bps
Deposit Growth (YoY)-2.22%-3.02%0.84%-0.99%7.38%+960 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.18%1.25%0.61%0.61%0.97%+115 bps
Allowance / Loans3.30%3.39%3.72%3.71%3.58%+28 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 Capital13.42%15.35%16.33%16.15%16.74%+332 bps
Equity / Assets8.18%8.48%8.57%8.35%8.01%-17 bps
Liquidity & Funding
Loans / Deposits75.78%68.16%61.24%57.15%51.14%-2,464 bps
Liquid Assets / Assets27.62%33.14%31.65%28.73%34.72%+710 bps
CRE / Total Capitaln/an/an/an/an/an/an/a