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Calnet Business Bank, National Association

Sacramento, CA · Cert 57314

FDIC

Q4 2005

$176.6MAssets
$108.7MLoans
$152.9MDeposits
$22.7MEquity
Loan mix
32%RE $6.3M68%C&I $13.2M0%Consumer $0.0MQ4 2004Q4 2005
Deposit mix
44%Interest-bearing $67.1M56%Noninterest $85.8MQ4 2004Q4 2005

NIM

5.11%Q4 ’035.01%Q4 ’046.45%Q4 ’05+7%+29%

Non-interest income vs. expense

4.32%Q4 ’034.47%Q4 ’044.57%Q4 ’05-21%+57%

Executive Summary

  • Earnings: ROA of 1.94%, up 54 bps year over year; NIM at 5.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 71.10% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

1.94%+54 bps YoY

Net Interest Margin (quarter, annualized)

5.47%+122 bps YoY

Efficiency Ratio (quarter, annualized)

79.35%+478 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.41%1.08%1.07%1.68%1.94%+54 bps
Return on Equity12.83%8.03%7.64%11.52%14.22%+139 bps
Net Interest Margin4.24%4.42%4.71%5.36%5.47%+122 bps
Efficiency Ratio74.57%73.45%73.22%76.32%79.35%+478 bps
Non-Interest Burden2.72%2.84%3.22%4.00%4.28%+156 bps
Growth
Asset Growth (YoY)48.54%40.20%30.99%21.26%13.01%-3,553 bps
Loan Growth (YoY)17.83%21.17%34.63%36.72%34.50%+1,667 bps
Deposit Growth (YoY)41.96%32.38%21.80%12.46%13.48%-2,848 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 / Loans1.21%1.23%1.19%1.17%1.17%-4 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 Capital20.66%20.00%19.28%18.89%18.59%-207 bps
Equity / Assets13.20%13.57%14.57%14.58%12.87%-33 bps
Liquidity & Funding
Loans / Deposits59.99%68.61%79.64%82.67%71.10%+1,111 bps
Liquid Assets / Assets0.26%0.26%0.20%0.20%0.17%-9 bps
CRE / Total Capitaln/an/an/an/an/an/an/a