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Desert Commercial Bank

Palm Desert, CA · Cert 57976

FDIC

Q2 2012

$139.2MAssets
$96.1MLoans
$124.7MDeposits
$13.9MEquity
Loan mix
85%RE $67.5M14%C&I $11.2M0%Consumer $0.2MQ2 2011Q2 2012
Deposit mix
84%Interest-bearing $104.1M16%Noninterest $20.5MQ2 2011Q2 2012

NIM

5.55%Q2 ’105.25%Q2 ’114.56%Q2 ’12-3%-12%

Non-interest income vs. expense

4.59%Q2 ’104.00%Q2 ’114.23%Q2 ’12-3%+4%

Executive Summary

  • Earnings: ROA of -0.90%, up 44 bps year over year; NIM at 3.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.42%.
  • Funding: loans stand at 77.04% of deposits as of Q2 2012.

Financial Results

Return on Assets (quarter, annualized)

-0.90%+44 bps YoY

Net Interest Margin (quarter, annualized)

3.91%-51 bps YoY

Efficiency Ratio (quarter, annualized)

103.88%+1,511 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets-1.34%-1.28%-1.58%-1.15%-0.90%+44 bps
Return on Equity-12.78%-12.27%-15.24%-11.52%-9.22%+356 bps
Net Interest Margin4.42%4.27%4.43%4.22%3.91%-51 bps
Efficiency Ratio88.77%112.05%122.22%100.89%103.88%+1,511 bps
Non-Interest Burden3.92%4.79%5.43%4.26%4.07%+15 bps
Growth
Asset Growth (YoY)2.74%2.91%-4.56%-3.98%-5.69%-843 bps
Loan Growth (YoY)0.14%-1.51%-7.35%-8.35%-10.39%-1,052 bps
Deposit Growth (YoY)3.80%4.43%-3.96%-3.18%-5.17%-897 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.77%1.91%1.29%3.35%-0.42%-119 bps
Allowance / Loans2.42%2.11%2.06%1.75%2.22%-20 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 Capital14.41%13.77%13.76%13.88%14.23%-19 bps
Equity / Assets10.55%10.36%10.35%9.64%9.96%-60 bps
Liquidity & Funding
Loans / Deposits81.53%85.35%85.27%76.09%77.04%-448 bps
Liquid Assets / Assets6.76%6.77%7.09%6.70%6.91%+15 bps
CRE / Total Capitaln/an/an/an/an/an/an/a