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First Choice Bank

Cerritos, CA · Cert 57966

FDIC · 9 branches

Q2 2021

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 2021, the quarter ended June 30, 2021, 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 Choice Bank

Cerritos, CA · Cert 57966

FDIC · 9 branches

Q2 2021

$2.4BAssets
$2.0BLoans
$1.9BDeposits
$293.9MEquity
Deposit mix
44%Interest-bearing $0.8B56%Noninterest $1.0BQ2 2020Q2 2021

NIM

5.58%Q2 ’194.14%Q2 ’204.15%Q2 ’21-18%+6%

Non-interest income vs. expense

2.65%Q2 ’192.06%Q2 ’201.85%Q2 ’21-12%-17%

Market Position · Los Angeles-Long Beach-Anaheim, CA · 2021 SOD (annual) · 0.2% share · #34 of 116 inst. · $1.6B of $767.5B

0.5% Los Angeles
0.2% San Diego
0.1% Orange

Executive Summary

  • Earnings: ROA of 1.69%, up 54 bps year over year; NIM at 4.47%.
  • Asset quality: problem loans at 0.38% of loans (-8 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 10.00%, down 31 bps from a year ago.
  • Funding: loans stand at 104.51% of deposits as of Q2 2021.

Financial Results

Return on Assets (YTD, annualized)

1.69%+54 bps YoY

Net Interest Margin (YTD, annualized)

4.47%+27 bps YoY

Efficiency Ratio (YTD, annualized)

42.31%-873 bps YoY

Tier 1 Leverage Ratio

10.00%-31 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2020Q3 2020Q4 2020Q1 2021Q2 2021YoY ΔTrend
Earnings
Return on Assets1.15%1.28%1.47%1.69%1.69%+54 bps
Return on Equity8.00%9.29%10.97%14.23%14.17%+617 bps
Net Interest Margin4.20%4.26%4.29%4.44%4.47%+27 bps
Efficiency Ratio51.03%49.28%47.13%44.05%42.31%-873 bps
Non-Interest Burden1.86%1.71%1.60%1.57%1.55%-31 bps
Growth
Asset Growth (YoY)28.49%36.27%35.22%41.12%9.97%-1,852 bps
Loan Growth (YoY)37.75%44.63%36.78%40.62%5.30%-3,244 bps
Deposit Growth (YoY)27.81%16.48%24.39%40.12%16.23%-1,158 bps
Asset Quality
Nonperforming Loans / Loans0.46%0.68%0.34%0.21%0.38%-8 bps
Net Charge-Offs / Loans0.05%0.04%0.01%-0.02%-0.01%-7 bps
Allowance / Loans0.96%0.98%1.01%0.94%1.01%+5 bps
Allowance Coverage of NPLs2.1x1.4x3.0x4.6x2.7x+0.6x
Capital
Tier 1 Leverage Ratio10.31%10.29%10.28%9.75%10.00%-31 bps
Total Risk-Based Capital10.31%10.29%10.28%9.75%10.00%-31 bps
Equity / Assets12.26%12.23%12.33%11.43%12.02%-25 bps
Liquidity & Funding
Loans / Deposits115.35%123.12%115.67%107.80%104.51%-1,084 bps
Liquid Assets / Assets8.93%7.07%9.61%11.23%12.85%+392 bps
CRE / Total Capitaln/an/an/an/an/an/an/a