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Pan Pacific Bank

Fremont, CA · Cert 57989

FDIC · 2 branches

Q3 2015

$141.5MAssets
$113.4MLoans
$120.2MDeposits
$18.3MEquity
Loan mix
80%RE $63.0M20%C&I $15.6M0%Consumer $0.0MQ3 2014Q3 2015
Deposit mix
71%Interest-bearing $84.9M29%Noninterest $35.2MQ3 2014Q3 2015

NIM

4.46%Q3 ’134.03%Q3 ’144.11%Q3 ’15-6%+5%

Non-interest income vs. expense

3.95%Q3 ’133.64%Q3 ’143.31%Q3 ’15-8%-7%

Market Position · San Francisco-Oakland-Hayward, CA · 2015 SOD (annual) · 0.0% share · #56 of 75 inst. · $0.1B of $310.7B

0.3% Alameda
0.0% Santa Clara

Executive Summary

  • Earnings: ROA of 0.42%, down 311 bps year over year; NIM at 3.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 11.22%.
  • Funding: loans stand at 94.33% of deposits as of Q3 2015.

Financial Results

Return on Assets (YTD, annualized)

0.42%-311 bps YoY

Net Interest Margin (YTD, annualized)

3.85%+18 bps YoY

Efficiency Ratio (YTD, annualized)

83.41%-945 bps YoY

Tier 1 Leverage Ratio

11.22%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets3.54%2.67%0.32%0.34%0.42%-311 bps
Return on Equity24.67%18.52%2.34%2.54%3.19%-2,148 bps
Net Interest Margin3.67%3.59%4.01%3.89%3.85%+18 bps
Efficiency Ratio92.86%95.89%86.36%86.31%83.41%-945 bps
Non-Interest Burden3.39%3.43%3.37%3.28%3.13%-25 bps
Growth
Asset Growth (YoY)11.12%9.30%25.86%33.35%18.75%+763 bps
Loan Growth (YoY)16.19%13.41%22.65%34.57%26.30%+1,010 bps
Deposit Growth (YoY)7.13%9.31%29.38%41.27%21.38%+1,424 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.01%-0.02%-0.02%-0.02%-1 bps
Allowance / Loans1.84%1.88%1.67%1.47%1.48%-37 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a12.56%11.90%11.22%n/a
Total Risk-Based Capital16.49%17.15%15.34%13.83%14.15%-234 bps
Equity / Assets14.85%14.86%12.95%12.29%12.97%-188 bps
Liquidity & Funding
Loans / Deposits90.66%88.80%83.98%91.04%94.33%+368 bps
Liquid Assets / Assets9.11%10.74%15.48%6.90%9.11%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a