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Sonoran Bank, N.A.

Phoenix, AZ · Cert 58252

FDIC

Q2 2012

$28.5MAssets
$17.7MLoans
$24.6MDeposits
$3.3MEquity
Loan mix
73%RE $9.3M21%C&I $2.7M6%Consumer $0.7MQ2 2011Q2 2012
Deposit mix
78%Interest-bearing $19.0M22%Noninterest $5.5MQ2 2011Q2 2012

NIM

4.74%Q2 ’104.66%Q2 ’114.56%Q2 ’12+7%+4%

Non-interest income vs. expense

5.57%Q2 ’105.57%Q2 ’116.88%Q2 ’12-34%+26%

Executive Summary

  • Earnings: ROA of -1.57%, down 81 bps year over year; NIM at 4.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
  • Funding: loans stand at 72.13% of deposits as of Q2 2012.

Financial Results

Return on Assets (quarter, annualized)

-1.57%-81 bps YoY

Net Interest Margin (quarter, annualized)

4.03%+17 bps YoY

Efficiency Ratio (quarter, annualized)

135.81%+1,915 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets-0.75%1.12%-0.33%-0.49%-1.57%-81 bps
Return on Equity-6.06%8.63%-2.39%-3.80%-13.29%-724 bps
Net Interest Margin3.86%3.60%3.88%3.98%4.03%+17 bps
Efficiency Ratio116.67%130.40%107.18%121.92%135.81%+1,915 bps
Non-Interest Burden4.66%4.78%4.27%5.05%5.85%+119 bps
Growth
Asset Growth (YoY)-4.93%-19.46%-11.58%-12.57%-17.73%-1,279 bps
Loan Growth (YoY)1.44%-10.15%-4.36%-4.57%-1.31%-275 bps
Deposit Growth (YoY)-3.19%-21.25%-14.74%-12.99%-13.84%-1,064 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%-0.05%-0.04%-0.05%-0.05%0 bps
Allowance / Loans3.57%3.81%3.62%3.77%3.68%+10 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 Capital14.91%16.47%15.87%16.46%16.10%+118 bps
Equity / Assets12.27%13.85%13.76%11.85%11.73%-54 bps
Liquidity & Funding
Loans / Deposits62.97%66.76%69.98%70.53%72.13%+916 bps
Liquid Assets / Assets0.61%2.97%2.37%2.57%2.59%+198 bps
CRE / Total Capitaln/an/an/an/an/an/an/a