PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Legacy Bank, National Association

La Jolla, CA · Cert 57437

FDIC

Q2 2005

$41.2MAssets
$26.0MLoans
$33.2MDeposits
$5.6MEquity
Deposit mix
77%Interest-bearing $25.7M23%Noninterest $7.5MQ2 2004Q2 2005

NIM

2.14%Q2 ’033.71%Q2 ’045.40%Q2 ’05+85%+41%

Non-interest income vs. expense

12.36%Q2 ’037.81%Q2 ’045.37%Q2 ’05-37%-32%

Executive Summary

  • Earnings: ROA of -1.25%, up 379 bps year over year; NIM at 4.11%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 78.31% of deposits as of Q2 2005.

Financial Results

Return on Assets (YTD, annualized)

-1.25%+379 bps YoY

Net Interest Margin (YTD, annualized)

4.11%+120 bps YoY

Efficiency Ratio (YTD, annualized)

127.37%-13,018 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets-5.04%-4.14%-3.58%-1.33%-1.25%+379 bps
Return on Equity-20.74%-18.14%-16.75%-8.57%-8.42%+1,233 bps
Net Interest Margin2.92%2.87%3.03%4.02%4.11%+120 bps
Efficiency Ratio258%217%192.40%127.71%127.37%-13,018 bps
Non-Interest Burden7.69%6.33%5.92%5.16%5.27%-242 bps
Growth
Asset Growth (YoY)81.94%69.02%41.33%50.82%35.82%-4,612 bps
Loan Growth (YoY)313%172.32%85.40%129.07%48.31%-26,510 bps
Deposit Growth (YoY)143.09%109.85%45.81%60.49%55.20%-8,789 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 / Loans0.97%0.94%1.00%1.00%0.96%-1 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 Capital31.93%27.11%23.42%22.17%20.84%-1,109 bps
Equity / Assets20.56%19.04%16.69%14.47%13.71%-685 bps
Liquidity & Funding
Loans / Deposits81.95%87.70%89.87%80.00%78.31%-364 bps
Liquid Assets / Assets11.72%8.81%8.65%11.39%9.68%-204 bps
CRE / Total Capitaln/an/an/an/an/an/an/a