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First Heritage Bank, National Association

Newport Beach, CA · Cert 57961

FDIC

Q2 2008

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2008, the quarter ended June 30, 2008, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First Heritage Bank, National Association

Newport Beach, CA · Cert 57961

FDIC

Q2 2008

$255.4MAssets
$89.6MLoans
$234.8MDeposits
$15.9MEquity
Loan mix
66%RE $48.0M34%C&I $24.7M0%Consumer $0.3MQ2 2007Q2 2008
Deposit mix
89%Interest-bearing $209.7M11%Noninterest $25.1MQ2 2007Q2 2008

NIM

5.57%Q2 ’067.07%Q2 ’073.77%Q2 ’08+117%-49%

Non-interest income vs. expense

2.21%Q2 ’063.27%Q2 ’074.35%Q2 ’08-15%+67%

Executive Summary

  • Earnings: ROA of -5.28%, down 618 bps year over year; NIM at 1.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.08%.
  • Funding: loans stand at 38.15% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

-5.28%-618 bps YoY

Net Interest Margin (YTD, annualized)

1.71%-164 bps YoY

Efficiency Ratio (YTD, annualized)

143.80%+7,575 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.90%1.08%1.19%-5.09%-5.28%-618 bps
Return on Equity10.75%12.76%12.83%-38.07%-52.46%-6,321 bps
Net Interest Margin3.35%3.39%3.69%2.67%1.71%-164 bps
Efficiency Ratio68.05%64.03%64.47%110.43%143.80%+7,575 bps
Non-Interest Burden1.81%1.58%1.76%3.26%3.03%+122 bps
Growth
Asset Growth (YoY)8.83%18.79%-35.01%-27.04%4.04%-479 bps
Loan Growth (YoY)9.40%14.33%-68.77%-49.66%-60.17%-6,958 bps
Deposit Growth (YoY)135.17%65.22%38.80%46.28%115.68%-1,949 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%1.08%+108 bps
Allowance / Loans0.24%0.28%1.10%2.17%4.13%+389 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 Capital13.29%13.98%24.72%15.66%12.73%-56 bps
Equity / Assets7.85%8.65%15.07%11.89%6.23%-162 bps
Liquidity & Funding
Loans / Deposits207%202%55.59%77.66%38.15%-16,847 bps
Liquid Assets / Assets0.08%0.08%0.14%0.12%0.07%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a