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Southwest Bank of Phoenix

Phoenix, AZ · Cert 57116

FDIC

Q4 2002

$149.9MAssets
$103.7MLoans
$118.6MDeposits
$29.9MEquity
Deposit mix
83%Interest-bearing $98.1M17%Noninterest $20.5MQ4 2001Q4 2002

NIM

7.90%Q1 ’014.99%Q4 ’01-9.97%Q4 ’02-44%-366%

Non-interest income vs. expense

9.12%Q1 ’012.59%Q4 ’01-6.67%Q4 ’02-72%-364%

Executive Summary

  • Earnings: ROA of 1.86%, up 286 bps year over year; NIM at -5.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 87.40% of deposits as of Q4 2002.

Financial Results

Return on Assets (quarter, annualized)

1.86%+286 bps YoY

Net Interest Margin (quarter, annualized)

-5.89%-810 bps YoY

Efficiency Ratio (quarter, annualized)

67.19%-4,342 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets-1.00%0.19%0.15%-1.66%1.86%+286 bps
Return on Equity-8.54%1.64%1.17%-13.00%11.33%+1,987 bps
Net Interest Margin2.21%3.26%3.81%3.28%-5.89%-810 bps
Efficiency Ratio110.62%69.56%65.88%152.18%67.19%-4,342 bps
Non-Interest Burden2.46%2.23%2.47%5.08%-6.49%-895 bps
Growth
Asset Growth (YoY)1127%120.63%99.74%43.26%34.37%-109,213 bps
Loan Growth (YoY)888%160.66%116.63%112.60%41.90%-84,586 bps
Deposit Growth (YoY)51448%113.51%104.81%43.48%21.76%-5,142,586 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 / Loans1.70%1.70%1.71%1.75%1.94%+24 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 Capital16.55%15.72%16.52%14.75%14.13%-242 bps
Equity / Assets11.23%11.38%13.28%12.33%19.96%+873 bps
Liquidity & Funding
Loans / Deposits75.00%87.42%99.58%105.09%87.40%+1,241 bps
Liquid Assets / Assets0.09%0.09%0.08%0.08%0.07%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a