PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First Vietnamese American Bank

Westminster, CA · Cert 57885

FDIC

Q3 2010

$48.0MAssets
$33.2MLoans
$47.0MDeposits
$611KEquity
Deposit mix
82%Interest-bearing $38.4M18%Noninterest $8.6MQ3 2009Q3 2010

NIM

6.25%Q3 ’084.58%Q3 ’094.78%Q3 ’10-38%+50%

Non-interest income vs. expense

6.52%Q3 ’085.97%Q3 ’096.77%Q3 ’10-17%+28%

Executive Summary

  • Earnings: ROA of -4.98%, unchanged from a year ago; NIM at 2.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.41%.
  • Funding: loans stand at 70.64% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

-4.98%0 bps YoY

Net Interest Margin (YTD, annualized)

2.73%+91 bps YoY

Efficiency Ratio (YTD, annualized)

225%+652 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-4.98%-4.93%-5.14%-4.15%-4.98%0 bps
Return on Equity-69.28%-74.40%-132.77%-117.30%-165.27%-9,600 bps
Net Interest Margin1.82%1.90%1.97%2.00%2.73%+91 bps
Efficiency Ratio218%224%296%263%225%+652 bps
Non-Interest Burden5.06%5.69%6.15%5.93%6.49%+143 bps
Growth
Asset Growth (YoY)20.07%7.33%-11.23%-10.23%-26.37%-4,644 bps
Loan Growth (YoY)0.68%-7.60%-27.35%-26.92%-25.61%-2,630 bps
Deposit Growth (YoY)32.36%14.52%-6.42%-6.62%-23.63%-5,599 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.78%0.68%1.43%2.38%5.41%+463 bps
Allowance / Loans3.26%3.44%4.04%3.20%1.87%-139 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 Capital8.42%6.99%5.95%4.80%2.83%-560 bps
Equity / Assets4.79%4.26%3.45%2.82%1.27%-352 bps
Liquidity & Funding
Loans / Deposits72.52%77.23%71.17%71.08%70.64%-188 bps
Liquid Assets / Assets1.91%0.00%0.00%0.64%0.29%-162 bps
CRE / Total Capitaln/an/an/an/an/an/an/a