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Letter portraitLegal landscapeQuarterYTD

United Arizona Bank, National Association

Cave Creek, AZ · Cert 57149

FDIC

Q2 2008

$107.1MAssets
$76.9MLoans
$85.2MDeposits
$19.1MEquity
Deposit mix
93%Interest-bearing $78.9M7%Noninterest $6.2MQ2 2007Q2 2008

NIM

4.60%Q2 ’065.60%Q2 ’074.66%Q2 ’08-19%-19%

Non-interest income vs. expense

4.18%Q2 ’063.71%Q2 ’073.41%Q2 ’08-9%-10%

Executive Summary

  • Earnings: ROA of -1.34%, down 45 bps year over year; NIM at 1.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 90.26% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

-1.34%-45 bps YoY

Net Interest Margin (YTD, annualized)

1.73%-42 bps YoY

Efficiency Ratio (YTD, annualized)

173.24%+1,563 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets-0.89%-1.19%-1.33%-1.10%-1.34%-45 bps
Return on Equity-3.76%-5.06%-5.75%-5.75%-7.14%-338 bps
Net Interest Margin2.15%2.15%2.08%1.98%1.73%-42 bps
Efficiency Ratio157.61%172.31%182.86%175.27%173.24%+1,563 bps
Non-Interest Burden3.53%3.90%4.02%3.70%3.19%-34 bps
Growth
Asset Growth (YoY)38.84%27.81%10.89%38.05%37.61%-123 bps
Loan Growth (YoY)40.36%33.84%50.19%92.08%98.86%+5,850 bps
Deposit Growth (YoY)44.35%34.12%11.64%49.51%47.45%+310 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%0.11%0.04%+4 bps
Allowance / Loans1.12%1.34%1.19%0.90%1.25%+12 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 Capital27.10%25.49%22.46%17.82%17.44%-966 bps
Equity / Assets24.43%23.21%21.96%17.12%17.82%-661 bps
Liquidity & Funding
Loans / Deposits66.92%68.00%78.40%77.70%90.26%+2,333 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a