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San Diego Private Bank

La Jolla, CA · Cert 58304

FDIC

Q1 2013

$132.3MAssets
$69.3MLoans
$114.9MDeposits
$12.8MEquity
Loan mix
79%RE $42.6M20%C&I $11.0M1%Consumer $0.6MQ1 2012Q1 2013
Deposit mix
60%Interest-bearing $68.4M40%Noninterest $46.5MQ1 2012Q1 2013

NIM

4.28%Q1 ’113.90%Q1 ’123.90%Q1 ’13-7%+6%

Non-interest income vs. expense

3.88%Q1 ’113.74%Q1 ’125.44%Q1 ’13-14%+50%

Executive Summary

  • Earnings: ROA of -0.30%, down 33 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.00%.
  • Funding: loans stand at 60.35% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

-0.30%-33 bps YoY

Net Interest Margin (quarter, annualized)

3.51%+19 bps YoY

Efficiency Ratio (quarter, annualized)

135.50%+3,627 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.03%0.51%0.75%0.16%1-0.30%-33 bps
Return on Equity0.29%4.71%7.25%1.59%-2.98%-326 bps
Net Interest Margin3.33%3.58%3.34%3.57%3.51%+19 bps
Efficiency Ratio99.23%99.17%89.62%104.16%135.50%+3,627 bps
Non-Interest Burden3.30%3.54%2.90%3.73%4.94%+164 bps
Growth
Asset Growth (YoY)0.07%3.33%3.94%11.86%13.48%+1,340 bps
Loan Growth (YoY)-8.88%0.60%32.04%-4.05%-5.99%+289 bps
Deposit Growth (YoY)-2.12%1.90%5.55%15.66%22.36%+2,448 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.36%-1.15%-0.02%-0.05%1.00%+136 bps
Allowance / Loans2.63%2.78%2.18%2.78%2.02%-61 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 Capital19.45%20.35%16.74%20.72%20.73%+128 bps
Equity / Assets10.87%10.63%10.15%10.20%9.70%-117 bps
Liquidity & Funding
Loans / Deposits78.55%73.86%82.78%65.76%60.35%-1,820 bps
Liquid Assets / Assets16.21%19.83%12.26%19.49%32.43%+1,621 bps
CRE / Total Capitaln/an/an/an/an/an/an/a