La Jolla, CA · Cert 57437
FDIC
Q2 2005
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2005, the quarter ended June 30, 2005, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
La Jolla, CA · Cert 57437
FDIC
Q2 2005
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | Q4 2004 | Q1 2005 | Q2 2005 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -11.28% | -9.65% | -6.25% | -5.04% | -4.14% | -3.58% | -1.33% | -1.25% | +379 bps | |
| Return on Equity | -21.08% | -21.01% | -23.59% | -20.74% | -18.14% | -16.75% | -8.57% | -8.42% | +1,233 bps | |
| Net Interest Margin | 1.64% | 1.57% | 3.00% | 2.92% | 2.87% | 3.03% | 4.02% | 4.11% | +120 bps | |
| Efficiency Ratio | 586% | 468% | 305% | 258% | 217% | 192.40% | 127.71% | 127.37% | -13,018 bps | |
| Non-Interest Burden | 10.24% | 7.64% | 9.36% | 7.69% | 6.33% | 5.92% | 5.16% | 5.27% | -242 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | n/a | 168.37% | 78.82% | 81.94% | 69.02% | 41.33% | 50.82% | 35.82% | -4,612 bps | |
| Loan Growth (YoY) | n/a | n/a | 493% | 313% | 172.32% | 85.40% | 129.07% | 48.31% | -26,510 bps | |
| Deposit Growth (YoY) | n/a | 2955% | 199.95% | 143.09% | 109.85% | 45.81% | 60.49% | 55.20% | -8,789 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 1.09% | 1.10% | 1.28% | 0.97% | 0.94% | 1.00% | 1.00% | 0.96% | -1 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 67.80% | 47.75% | 46.64% | 31.93% | 27.11% | 23.42% | 22.17% | 20.84% | -1,109 bps | |
| Equity / Assets | 38.78% | 27.89% | 25.16% | 20.56% | 19.04% | 16.69% | 14.47% | 13.71% | -685 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 67.58% | 70.68% | 56.05% | 81.95% | 87.70% | 89.87% | 80.00% | 78.31% | -364 bps | |
| Liquid Assets / Assets | 12.79% | 8.78% | 17.71% | 11.72% | 8.81% | 8.65% | 11.39% | 9.68% | -204 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |