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1st Commerce Bank

North Las Vegas, NV · Cert 58358

FDIC

Q1 2013

$20.2MAssets
$14.4MLoans
$19.6MDeposits
$528KEquity
Loan mix
72%RE $6.6M22%C&I $2.0M6%Consumer $0.5MQ1 2012Q1 2013
Deposit mix
90%Interest-bearing $17.6M10%Noninterest $2.0MQ1 2012Q1 2013

NIM

3.54%Q1 ’113.71%Q1 ’124.10%Q1 ’13+19%+12%

Non-interest income vs. expense

5.16%Q1 ’116.14%Q1 ’127.06%Q1 ’13-27%+17%

Executive Summary

  • Earnings: ROA of 1.35%, up 464 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.42%.
  • Funding: loans stand at 73.54% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

1.35%+464 bps YoY

Net Interest Margin (quarter, annualized)

3.47%+37 bps YoY

Efficiency Ratio (quarter, annualized)

185.44%+944 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets-3.28%-1.96%-1.62%-2.80%1.35%+464 bps
Return on Equity-124.10%-79.02%-74.46%-143.86%60.29%+18,438 bps
Net Interest Margin3.10%2.93%3.51%3.60%3.47%+37 bps
Efficiency Ratio176.00%154.50%130.03%172.44%185.44%+944 bps
Non-Interest Burden5.75%4.91%5.18%6.51%6.73%+97 bps
Growth
Asset Growth (YoY)-24.54%-36.23%-27.55%-10.61%-22.62%+192 bps
Loan Growth (YoY)-27.10%-26.84%-20.05%-15.43%-18.48%+862 bps
Deposit Growth (YoY)-24.86%-36.12%-30.52%-9.37%-22.19%+267 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.92%-0.64%8.31%0.99%-0.42%-334 bps
Allowance / Loans8.77%9.73%7.84%7.70%6.75%-202 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 Capital5.07%4.59%4.01%4.09%4.77%-30 bps
Equity / Assets2.58%2.38%1.97%1.93%2.62%+4 bps
Liquidity & Funding
Loans / Deposits70.19%71.74%73.10%67.94%73.54%+335 bps
Liquid Assets / Assets22.54%18.79%17.95%20.34%17.25%-529 bps
CRE / Total Capitaln/an/an/an/an/an/an/a