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Letter portraitLegal landscapeQuarterYTD

California United Bank

Encino, CA · Cert 57904

FDIC · 9 branches

Q3 2017

$3.1BAssets
$2.1BLoans
$2.7BDeposits
$368.7MEquity
Loan mix
65%RE $889.2M34%C&I $469.6M1%Consumer $8.3MQ3 2016Q3 2017
Deposit mix
44%Interest-bearing $1.2B56%Noninterest $1.5BQ3 2016Q3 2017

NIM

3.51%Q3 ’153.50%Q3 ’163.65%Q3 ’17-1%+4%

Non-interest income vs. expense

2.31%Q3 ’152.15%Q3 ’162.10%Q3 ’17-7%-7%

Market Position · Los Angeles-Long Beach-Anaheim, CA · 2017 SOD (annual) · 0.4% share · #26 of 125 inst. · $2.2B of $526.9B

0.7% Los Angeles
0.7% Orange
1.6% Ventura
0.6% San Bernardino

Executive Summary

  • Earnings: ROA of 1.11%, up 11 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.20% of loans (+20 bps YoY), with net charge-offs at 0.23%.
  • Capital: tier 1 leverage ratio of 9.99%, up 53 bps from a year ago.
  • Funding: loans stand at 77.71% of deposits as of Q3 2017.

Financial Results

Return on Assets (YTD, annualized)

1.11%+11 bps YoY

Net Interest Margin (YTD, annualized)

3.61%+13 bps YoY

Efficiency Ratio (YTD, annualized)

51.83%-389 bps YoY

Tier 1 Leverage Ratio

9.99%+53 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2016Q4 2016Q1 2017Q2 2017Q3 2017YoY ΔTrend
Earnings
Return on Assets1.00%1.00%1.06%1.20%1.11%+11 bps
Return on Equity8.57%8.61%9.42%10.46%9.64%+106 bps
Net Interest Margin3.49%3.39%3.48%3.57%3.61%+13 bps
Efficiency Ratio55.72%55.77%55.10%52.33%51.83%-389 bps
Non-Interest Burden1.78%1.74%1.77%1.62%1.65%-12 bps
Growth
Asset Growth (YoY)11.09%13.71%14.77%9.44%7.17%-392 bps
Loan Growth (YoY)11.54%11.89%9.51%10.28%5.71%-584 bps
Deposit Growth (YoY)10.96%14.11%15.96%10.02%6.85%-410 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.04%0.03%0.20%+20 bps
Net Charge-Offs / Loans-0.02%-0.02%-0.05%-0.02%0.23%+25 bps
Allowance / Loans0.93%0.95%0.96%0.94%0.91%-2 bps
Allowance Coverage of NPLsn/an/a25.8x28.0x4.6xn/a
Capital
Tier 1 Leverage Ratio9.46%9.35%9.30%9.86%9.99%+53 bps
Total Risk-Based Capital11.25%11.04%11.30%11.41%11.86%+61 bps
Equity / Assets11.56%11.33%11.08%11.87%11.89%+33 bps
Liquidity & Funding
Loans / Deposits78.55%78.33%74.03%81.33%77.71%-84 bps
Liquid Assets / Assets11.60%8.71%12.83%6.55%11.63%+3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a