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Independence Bank

Newport Beach, CA · Cert 57688

FDIC · 6 branches

Q4 2014

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2014, the quarter ended December 31, 2014, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Independence Bank

Newport Beach, CA · Cert 57688

FDIC · 6 branches

Q4 2014

$423.2MAssets
$344.1MLoans
$345.9MDeposits
$49.2MEquity
Loan mix
72%RE $163.1M27%C&I $60.5M1%Consumer $1.9MQ4 2013Q4 2014
Deposit mix
75%Interest-bearing $261.1M25%Noninterest $84.8MQ4 2013Q4 2014

NIM

4.97%Q4 ’124.20%Q4 ’134.55%Q4 ’14-10%+11%

Non-interest income vs. expense

3.40%Q4 ’123.22%Q4 ’134.00%Q4 ’14-14%+8%

Market Position · Los Angeles-Long Beach-Anaheim, CA · 2014 SOD (annual) · 0.1% share · #77 of 135 inst. · $0.2B of $404.0B

0.3% Orange
0.5% Riverside

Executive Summary

  • Earnings: ROA of 0.77%, up 13 bps year over year; NIM at 4.21%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 99.50% of deposits as of Q4 2014.

Financial Results

Return on Assets (YTD, annualized)

0.77%+13 bps YoY

Net Interest Margin (YTD, annualized)

4.21%+41 bps YoY

Efficiency Ratio (YTD, annualized)

78.32%-66 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets0.64%0.85%0.93%0.87%0.77%+13 bps
Return on Equity4.73%7.22%7.92%7.54%6.64%+191 bps
Net Interest Margin3.79%3.78%4.17%4.23%4.21%+41 bps
Efficiency Ratio78.98%94.26%82.67%79.11%78.32%-66 bps
Non-Interest Burden2.94%3.45%3.27%3.20%3.16%+23 bps
Growth
Asset Growth (YoY)4.11%49.47%46.92%36.71%35.85%+3,174 bps
Loan Growth (YoY)6.82%58.70%69.38%55.82%50.70%+4,388 bps
Deposit Growth (YoY)6.37%67.98%79.97%57.56%50.07%+4,370 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.04%0.12%0.12%0.14%+17 bps
Allowance / Loans1.82%1.33%1.24%1.15%1.13%-68 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 Capital17.65%13.65%13.68%13.21%13.47%-418 bps
Equity / Assets12.99%10.89%11.56%11.34%11.63%-135 bps
Liquidity & Funding
Loans / Deposits99.08%93.08%93.66%95.22%99.50%+42 bps
Liquid Assets / Assets0.79%1.60%0.70%0.71%0.72%-7 bps
CRE / Total Capitaln/an/an/an/an/an/an/a