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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

4.76%Q4 ’114.38%Q4 ’123.35%Q4 ’13-4%-23%

Non-interest income vs. expense

2.58%Q4 ’113.49%Q4 ’124.11%Q4 ’13-24%+26%

Executive Summary

  • Earnings: ROA of -0.71%, down 173 bps year over year; NIM at 3.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.89%.
  • Funding: loans stand at 51.14% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

-0.71%-173 bps YoY

Net Interest Margin (quarter, annualized)

3.08%-90 bps YoY

Efficiency Ratio (quarter, annualized)

120.34%+4,253 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets1.03%1.05%-0.07%-0.66%-0.71%-173 bps
Return on Equity13.05%12.65%-0.79%-7.79%-8.64%-2,169 bps
Net Interest Margin3.98%3.69%3.30%3.20%3.08%-90 bps
Efficiency Ratio77.81%78.71%101.77%120.23%120.34%+4,253 bps
Non-Interest Burden2.98%2.64%3.36%3.86%3.77%+79 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 / Loans0.76%1.25%-0.14%0.57%1.89%+113 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