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Bank of Escondido

Escondido, CA · Cert 57590

FDIC

Q4 2009

$103.5MAssets
$69.4MLoans
$90.6MDeposits
$12.6MEquity
Loan mix
76%RE $37.6M23%C&I $11.6M1%Consumer $0.3MQ4 2008Q4 2009
Deposit mix
67%Interest-bearing $61.0M33%Noninterest $29.6MQ4 2008Q4 2009

NIM

6.41%Q4 ’074.55%Q4 ’084.23%Q4 ’09-15%-3%

Non-interest income vs. expense

3.25%Q4 ’072.81%Q4 ’083.37%Q4 ’09-19%+26%

Executive Summary

  • Earnings: ROA of 1.34%, up 85 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.26%.
  • Funding: loans stand at 76.55% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

1.34%+85 bps YoY

Net Interest Margin (quarter, annualized)

3.62%-12 bps YoY

Efficiency Ratio (quarter, annualized)

82.86%+1,648 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets0.49%-1.19%-1.76%-2.75%1.34%+85 bps
Return on Equity3.55%-8.80%-13.80%-22.97%11.36%+781 bps
Net Interest Margin3.74%3.79%3.99%3.67%3.62%-12 bps
Efficiency Ratio66.38%78.68%80.61%79.71%82.86%+1,648 bps
Non-Interest Burden2.31%2.92%3.15%2.87%2.92%+61 bps
Growth
Asset Growth (YoY)8.08%4.23%0.63%7.18%6.90%-117 bps
Loan Growth (YoY)14.44%23.34%22.74%15.74%10.81%-363 bps
Deposit Growth (YoY)10.88%6.71%3.06%11.18%9.19%-169 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%3.72%1.37%0.48%4.26%+415 bps
Allowance / Loans1.29%1.27%2.22%2.52%2.56%+127 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 Capital16.66%15.59%15.10%14.68%15.26%-140 bps
Equity / Assets13.94%13.07%12.49%11.50%12.15%-180 bps
Liquidity & Funding
Loans / Deposits75.43%79.00%81.02%75.45%76.55%+112 bps
Liquid Assets / Assets21.21%10.04%17.10%24.19%25.42%+421 bps
CRE / Total Capitaln/an/an/an/an/an/an/a