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Stellar Business Bank

Covina, CA · Cert 58286

FDIC

Q4 2011

$86.7MAssets
$56.7MLoans
$69.3MDeposits
$17.0MEquity
Loan mix
84%RE $28.7M14%C&I $4.9M1%Consumer $0.4MQ4 2010Q4 2011
Deposit mix
86%Interest-bearing $59.7M14%Noninterest $9.7MQ4 2010Q4 2011

NIM

4.33%Q4 ’094.57%Q4 ’104.74%Q4 ’11+16%+6%

Non-interest income vs. expense

4.97%Q4 ’094.26%Q4 ’105.94%Q4 ’11-5%+23%

Executive Summary

  • Earnings: ROA of -0.62%, down 96 bps year over year; NIM at 4.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 81.80% of deposits as of Q4 2011.

Financial Results

Return on Assets (quarter, annualized)

-0.62%-96 bps YoY

Net Interest Margin (quarter, annualized)

4.20%+23 bps YoY

Efficiency Ratio (quarter, annualized)

111.63%+1,266 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets0.34%1-0.90%-0.34%-0.17%-0.62%-96 bps
Return on Equity1.92%-4.69%-1.68%-0.85%-3.16%-508 bps
Net Interest Margin3.97%4.04%4.22%4.21%4.20%+23 bps
Efficiency Ratio98.97%92.57%108.19%101.75%111.63%+1,266 bps
Non-Interest Burden3.93%3.67%4.60%4.29%4.82%+89 bps
Growth
Asset Growth (YoY)2.72%-8.38%-7.40%-14.50%-11.55%-1,427 bps
Loan Growth (YoY)36.95%23.77%15.87%12.26%4.06%-3,289 bps
Deposit Growth (YoY)-13.00%-10.12%-7.88%-2.15%3.04%+1,604 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.99%0.00%0.84%0.00%-0.01%-300 bps
Allowance / Loans1.60%2.08%1.90%1.82%1.88%+28 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 Capital30.92%30.69%31.37%29.06%28.87%-205 bps
Equity / Assets17.98%20.36%20.52%19.58%19.64%+166 bps
Liquidity & Funding
Loans / Deposits81.00%83.61%82.21%82.60%81.80%+80 bps
Liquid Assets / Assets7.34%6.06%7.81%3.86%4.71%-263 bps
CRE / Total Capitaln/an/an/an/an/an/an/a