PackageTrendsPeer
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Mirae Bank

Los Angeles, CA · Cert 57332

FDIC

Q1 2009

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2009, the quarter ended March 31, 2009, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Mirae Bank

Los Angeles, CA · Cert 57332

FDIC

Q1 2009

$480.6MAssets
$346.4MLoans
$410.0MDeposits
$15.6MEquity
Loan mix
64%RE $173.4M36%C&I $97.9M0%Consumer $0.7MQ1 2008Q1 2009
Deposit mix
90%Interest-bearing $368.0M10%Noninterest $42.0MQ1 2008Q1 2009

NIM

8.20%Q1 ’077.16%Q1 ’084.80%Q1 ’09-13%-56%

Non-interest income vs. expense

3.51%Q1 ’073.40%Q1 ’082.77%Q1 ’09+30%-16%

Executive Summary

  • Earnings: ROA of -6.34%, down 637 bps year over year; NIM at 1.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 1.21%.
  • Funding: loans stand at 84.50% of deposits as of Q1 2009.

Financial Results

Return on Assets (YTD, annualized)

-6.34%-637 bps YoY

Net Interest Margin (YTD, annualized)

1.65%-206 bps YoY

Efficiency Ratio (YTD, annualized)

121.40%+4,704 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.03%1-0.27%-1.17%-6.90%-6.34%-637 bps
Return on Equity0.26%-2.62%-11.46%-74.84%-153.56%-15,382 bps
Net Interest Margin3.71%3.46%3.32%3.11%1.65%-206 bps
Efficiency Ratio74.36%74.09%76.64%82.20%121.40%+4,704 bps
Non-Interest Burden2.53%2.33%2.35%2.41%2.14%-40 bps
Growth
Asset Growth (YoY)22.33%20.43%9.95%-0.46%7.26%-1,507 bps
Loan Growth (YoY)20.06%14.86%13.18%2.03%-6.76%-2,682 bps
Deposit Growth (YoY)12.29%17.06%5.70%0.36%15.99%+370 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.86%1.01%2.17%6.39%-1.21%-207 bps
Allowance / Loans1.64%2.06%2.44%5.09%7.47%+583 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 Capital12.82%12.46%11.76%7.31%5.55%-727 bps
Equity / Assets10.51%9.86%9.42%5.14%3.24%-727 bps
Liquidity & Funding
Loans / Deposits105.13%97.37%102.47%106.22%84.50%-2,062 bps
Liquid Assets / Assets0.01%0.00%0.01%0.00%7.76%+774 bps
CRE / Total Capitaln/an/an/an/an/an/an/a