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Point Loma Community Bank

San Diego, CA · Cert 57808

FDIC

Q2 2011

$225.3MAssets
$171.2MLoans
$206.1MDeposits
$18.9MEquity
Loan mix
68%RE $80.4M32%C&I $37.5M1%Consumer $0.6MQ2 2010Q2 2011
Deposit mix
56%Interest-bearing $114.5M44%Noninterest $91.6MQ2 2010Q2 2011

NIM

4.93%Q2 ’094.71%Q2 ’104.84%Q2 ’11+8%+7%

Non-interest income vs. expense

4.09%Q2 ’093.81%Q2 ’104.18%Q2 ’11-33%+1%

Executive Summary

  • Earnings: ROA of -2.22%, down 47 bps year over year; NIM at 4.49%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.60%.
  • Funding: loans stand at 83.08% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

-2.22%-47 bps YoY

Net Interest Margin (quarter, annualized)

4.49%+31 bps YoY

Efficiency Ratio (quarter, annualized)

84.88%-440 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-1.75%-1.88%-10.48%0.93%-2.22%-47 bps
Return on Equity-16.97%-18.34%-113.53%10.92%-26.09%-912 bps
Net Interest Margin4.19%4.27%4.20%4.51%4.49%+31 bps
Efficiency Ratio89.28%94.89%120.02%77.71%84.88%-440 bps
Non-Interest Burden3.73%4.07%12.38%3.44%3.75%+2 bps
Growth
Asset Growth (YoY)263%249%248%-17.70%-12.38%-27,517 bps
Loan Growth (YoY)272%277%258%-14.12%-15.85%-28,777 bps
Deposit Growth (YoY)259%243%245%-13.99%-8.74%-26,820 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.27%3.18%2.34%0.57%5.60%+233 bps
Allowance / Loans3.68%3.76%4.26%4.13%4.04%+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 Capital11.67%11.53%11.22%11.71%11.46%-21 bps
Equity / Assets10.60%9.93%8.44%8.67%8.37%-224 bps
Liquidity & Funding
Loans / Deposits90.10%83.15%87.23%86.45%83.08%-702 bps
Liquid Assets / Assets13.43%19.90%16.76%16.67%19.74%+631 bps
CRE / Total Capitaln/an/an/an/an/an/an/a