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Charter Oak Bank

Napa, CA · Cert 57855

FDIC

Q4 2010

$120.8MAssets
$107.0MLoans
$105.3MDeposits
$587KEquity
Loan mix
68%RE $66.7M32%C&I $31.9M0%Consumer $0.1MQ4 2009Q4 2010
Deposit mix
69%Interest-bearing $73.2M31%Noninterest $32.1MQ4 2009Q4 2010

NIM

5.33%Q4 ’084.98%Q4 ’095.44%Q4 ’10+1%+16%

Non-interest income vs. expense

3.33%Q4 ’083.19%Q4 ’094.20%Q4 ’10-4%+24%

Executive Summary

  • Earnings: ROA of -9.62%, down 714 bps year over year; NIM at 4.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 10.02%.
  • Funding: loans stand at 101.61% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

-9.62%-714 bps YoY

Net Interest Margin (YTD, annualized)

4.58%+62 bps YoY

Efficiency Ratio (YTD, annualized)

81.07%+622 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-2.48%-4.53%-10.20%-8.54%-9.62%-714 bps
Return on Equity-21.89%-51.10%-135.96%-130.52%-175.57%-15,368 bps
Net Interest Margin3.96%4.36%4.57%4.48%4.58%+62 bps
Efficiency Ratio74.85%79.16%76.70%79.71%81.07%+622 bps
Non-Interest Burden2.89%3.37%3.41%3.49%3.60%+71 bps
Growth
Asset Growth (YoY)12.36%-5.46%-2.71%-12.03%-21.22%-3,358 bps
Loan Growth (YoY)5.03%-1.01%-5.58%-13.05%-17.72%-2,275 bps
Deposit Growth (YoY)19.48%1.59%5.07%-6.31%-17.79%-3,727 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.13%3.85%4.56%9.55%10.02%+689 bps
Allowance / Loans2.37%3.01%5.59%3.25%5.33%+297 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 Capital10.39%9.73%6.09%5.05%1.06%-933 bps
Equity / Assets8.97%8.76%4.64%3.49%0.49%-848 bps
Liquidity & Funding
Loans / Deposits101.52%110.14%108.73%99.99%101.61%+9 bps
Liquid Assets / Assets0.08%0.05%5.57%9.76%10.08%+1,000 bps
CRE / Total Capitaln/an/an/an/an/an/an/a