PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Commerce National Bank

Fullerton, CA · Cert 57566

FDIC

Q3 2013

$244.8MAssets
$164.3MLoans
$189.4MDeposits
$28.9MEquity
Loan mix
64%RE $55.4M31%C&I $26.8M5%Consumer $4.0MQ3 2012Q3 2013
Deposit mix
68%Interest-bearing $129.7M32%Noninterest $59.7MQ3 2012Q3 2013

NIM

4.33%Q3 ’114.41%Q3 ’124.12%Q3 ’13+3%-6%

Non-interest income vs. expense

3.61%Q3 ’113.64%Q3 ’124.27%Q3 ’13-1%+36%

Executive Summary

  • Earnings: ROA of -0.08%, down 94 bps year over year; NIM at 3.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.28%.
  • Funding: loans stand at 86.74% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

-0.08%-94 bps YoY

Net Interest Margin (quarter, annualized)

3.77%-25 bps YoY

Efficiency Ratio (quarter, annualized)

103.22%+2,716 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.86%1.05%0.37%0.18%-0.08%-94 bps
Return on Equity7.10%8.61%2.99%1.42%-0.66%-777 bps
Net Interest Margin4.02%3.73%3.55%3.63%3.77%-25 bps
Efficiency Ratio76.07%74.61%85.47%92.71%103.22%+2,716 bps
Non-Interest Burden2.88%2.53%2.92%3.33%3.91%+103 bps
Growth
Asset Growth (YoY)-0.33%4.92%3.00%-2.65%1.29%+162 bps
Loan Growth (YoY)-0.43%1.16%-1.13%-4.37%9.50%+993 bps
Deposit Growth (YoY)-1.68%4.75%2.96%-2.55%-9.73%-805 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.07%0.10%0.00%0.28%+28 bps
Allowance / Loans2.94%2.88%2.97%2.98%2.58%-36 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 Capital18.84%19.40%19.73%19.79%18.06%-79 bps
Equity / Assets12.22%12.10%12.41%12.38%11.81%-41 bps
Liquidity & Funding
Loans / Deposits71.50%70.41%69.21%71.30%86.74%+1,523 bps
Liquid Assets / Assets6.10%4.24%4.72%3.68%1.24%-485 bps
CRE / Total Capitaln/an/an/an/an/an/an/a