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Security Business Bank of San Diego

San Diego, CA · Cert 57357

FDIC

Q2 2012

$237.6MAssets
$180.9MLoans
$202.3MDeposits
$28.7MEquity
Loan mix
75%RE $96.8M23%C&I $30.0M2%Consumer $3.1MQ2 2011Q2 2012
Deposit mix
53%Interest-bearing $107.6M47%Noninterest $94.7MQ2 2011Q2 2012

NIM

4.67%Q2 ’104.26%Q2 ’114.41%Q2 ’12-6%+6%

Non-interest income vs. expense

3.69%Q2 ’103.70%Q2 ’113.72%Q2 ’12+1%+1%

Executive Summary

  • Earnings: ROA of 0.50%, up 15 bps year over year; NIM at 4.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 89.40% of deposits as of Q2 2012.

Financial Results

Return on Assets (YTD, annualized)

0.50%+15 bps YoY

Net Interest Margin (YTD, annualized)

4.22%+22 bps YoY

Efficiency Ratio (YTD, annualized)

80.37%-349 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets0.35%10.03%10.09%10.55%0.50%+15 bps
Return on Equity3.13%0.30%0.76%4.46%4.08%+94 bps
Net Interest Margin4.00%3.76%4.02%4.15%4.22%+22 bps
Efficiency Ratio83.86%83.86%82.88%77.39%80.37%-349 bps
Non-Interest Burden3.29%3.10%3.27%3.12%3.31%+2 bps
Growth
Asset Growth (YoY)10.91%3.36%3.90%-2.74%1.78%-913 bps
Loan Growth (YoY)4.23%10.45%5.10%11.40%6.55%+232 bps
Deposit Growth (YoY)14.16%3.44%-2.16%-4.33%4.50%-967 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.84%1.65%1.39%0.10%0.05%-79 bps
Allowance / Loans1.83%1.57%1.53%1.55%1.56%-27 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 Capital15.07%16.01%15.65%15.94%16.30%+124 bps
Equity / Assets11.01%11.91%11.99%12.64%12.08%+108 bps
Liquidity & Funding
Loans / Deposits87.68%92.80%100.46%99.49%89.40%+173 bps
Liquid Assets / Assets14.19%9.33%10.31%6.58%13.38%-81 bps
CRE / Total Capitaln/an/an/an/an/an/an/a