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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

6.03%Q3 ’084.23%Q3 ’096.07%Q3 ’10-39%+160%

Non-interest income vs. expense

6.68%Q3 ’085.68%Q3 ’097.64%Q3 ’10-33%+78%

Executive Summary

  • Earnings: ROA of -6.73%, down 205 bps year over year; NIM at 4.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 11.13%.
  • Funding: loans stand at 70.64% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

-6.73%-205 bps YoY

Net Interest Margin (quarter, annualized)

4.19%+258 bps YoY

Efficiency Ratio (quarter, annualized)

181.63%-750 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-4.68%-4.46%-5.14%-3.16%-6.73%-205 bps
Return on Equity-85.14%-98.11%-132.77%-100.92%-324%-23,872 bps
Net Interest Margin1.61%1.66%1.97%1.85%4.19%+258 bps
Efficiency Ratio189.13%239%296%231%181.63%-750 bps
Non-Interest Burden4.29%6.36%6.15%5.11%7.62%+333 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 / Loans0.00%0.19%1.43%3.33%11.13%+1,113 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