PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Landmark National Bank

Solana Beach, CA · Cert 57324

FDIC

Q2 2007

$100.3MAssets
$73.5MLoans
$81.8MDeposits
$17.6MEquity
Loan mix
72%RE $40.1M28%C&I $15.6M0%Consumer $0.1MQ2 2006Q2 2007
Deposit mix
66%Interest-bearing $54.3M34%Noninterest $27.5MQ2 2006Q2 2007

NIM

5.79%Q2 ’056.98%Q2 ’067.41%Q2 ’07+12%+2%

Non-interest income vs. expense

4.52%Q2 ’054.45%Q2 ’066.91%Q2 ’07+3%+56%

Executive Summary

  • Earnings: ROA of -1.39%, down 216 bps year over year; NIM at 5.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 89.83% of deposits as of Q2 2007.

Financial Results

Return on Assets (YTD, annualized)

-1.39%-216 bps YoY

Net Interest Margin (YTD, annualized)

5.22%+11 bps YoY

Efficiency Ratio (YTD, annualized)

126.10%+4,222 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets0.78%0.77%0.76%0.09%-1.39%-216 bps
Return on Equity5.79%5.59%5.51%0.58%-8.83%-1,462 bps
Net Interest Margin5.11%5.04%5.26%4.86%5.22%+11 bps
Efficiency Ratio83.88%84.52%84.60%98.28%126.10%+4,222 bps
Non-Interest Burden4.26%4.23%4.42%4.77%6.65%+240 bps
Growth
Asset Growth (YoY)56.91%-7.05%0.55%-7.51%-21.47%-7,838 bps
Loan Growth (YoY)52.31%-9.27%-12.33%-12.55%-20.61%-7,292 bps
Deposit Growth (YoY)33.91%-7.04%-1.99%-8.95%-18.12%-5,203 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.01%0.01%0.00%0.16%+14 bps
Allowance / Loans1.17%1.29%1.43%1.43%1.40%+23 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 Capital12.39%14.10%15.24%15.99%15.93%+354 bps
Equity / Assets13.27%14.97%14.20%15.71%17.53%+426 bps
Liquidity & Funding
Loans / Deposits92.65%88.97%74.11%82.62%89.83%-282 bps
Liquid Assets / Assets2.33%1.61%1.36%1.27%1.15%-118 bps
CRE / Total Capitaln/an/an/an/an/an/an/a