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Torrey Pines Bank

San Diego, CA · Cert 57577

FDIC

Q3 2013

$2.1BAssets
$1.5BLoans
$1.8BDeposits
$171.8MEquity
Loan mix
68%RE $667.4M29%C&I $288.7M3%Consumer $28.7MQ3 2012Q3 2013
Deposit mix
70%Interest-bearing $1.3B30%Noninterest $0.6BQ3 2012Q3 2013

NIM

5.32%Q3 ’114.83%Q3 ’124.36%Q3 ’13-5%-10%

Non-interest income vs. expense

2.50%Q3 ’112.42%Q3 ’122.46%Q3 ’13-3%+3%

Executive Summary

  • Earnings: ROA of 0.89%, down 41 bps year over year; NIM at 4.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.09%.
  • Funding: loans stand at 82.62% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

0.89%-41 bps YoY

Net Interest Margin (quarter, annualized)

4.18%-47 bps YoY

Efficiency Ratio (quarter, annualized)

56.16%+657 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets1.30%0.70%1.28%1.14%0.89%-41 bps
Return on Equity14.94%8.09%14.88%13.25%10.69%-426 bps
Net Interest Margin4.64%4.61%4.21%4.20%4.18%-47 bps
Efficiency Ratio49.59%49.20%56.91%57.36%56.16%+657 bps
Non-Interest Burden2.19%2.19%2.30%2.32%2.26%+7 bps
Growth
Asset Growth (YoY)16.31%16.86%9.60%7.16%10.05%-626 bps
Loan Growth (YoY)16.07%14.35%7.25%7.01%6.54%-953 bps
Deposit Growth (YoY)15.25%18.53%10.97%9.85%14.30%-95 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%1.37%0.24%0.00%-0.09%-21 bps
Allowance / Loans1.22%1.04%1.04%1.02%1.20%-2 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 Capital11.68%10.77%11.57%11.16%11.53%-15 bps
Equity / Assets8.92%8.37%8.81%8.37%8.27%-65 bps
Liquidity & Funding
Loans / Deposits88.65%89.81%84.19%86.99%82.62%-602 bps
Liquid Assets / Assets1.86%2.74%5.48%3.88%5.79%+393 bps
CRE / Total Capitaln/an/an/an/an/an/an/a