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Golden Coast Bank

Long Beach, CA · Cert 58391

FDIC

Q4 2012

$22.5MAssets
$230KLoans
$12.3MDeposits
$7.9MEquity
Deposit mix
99%Interest-bearing $12.2M1%Noninterest $0.1MQ4 2011Q4 2012

NIM

5.49%Q4 ’105.69%Q4 ’110.23%Q4 ’12+2%-162%

Non-interest income vs. expense

8.29%Q4 ’105.98%Q4 ’1114.52%Q4 ’12-28%+146%

Executive Summary

  • Earnings: ROA of -17.19%, down 1,631 bps year over year; NIM at -3.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 400.00%.
  • Funding: loans stand at 1.87% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

-17.19%-1,631 bps YoY

Net Interest Margin (quarter, annualized)

-3.14%-822 bps YoY

Efficiency Ratio (quarter, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets-0.87%-1.50%-2.82%-8.58%-17.19%-1,631 bps
Return on Equity-3.50%-6.22%-11.86%-31.18%-51.26%-4,775 bps
Net Interest Margin5.08%4.84%4.48%10.27%-3.14%-822 bps
Efficiency Ratio117.28%131.08%153.56%n/an/an/a
Non-Interest Burden5.96%6.36%6.89%28.33%14.65%+869 bps
Growth
Asset Growth (YoY)15.28%18.40%-1.43%-32.55%-44.50%-5,978 bps
Loan Growth (YoY)28.70%-1.32%-4.37%-98.55%-99.30%-12,800 bps
Deposit Growth (YoY)24.80%28.38%-6.50%-45.93%-59.47%-8,427 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%400%+40,000 bps
Allowance / Loans3.65%3.84%4.03%50.00%0.00%-365 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 Capital31.47%33.00%39.06%806%1668%+163,605 bps
Equity / Assets24.97%23.46%24.18%32.38%34.95%+998 bps
Liquidity & Funding
Loans / Deposits108.84%97.01%109.71%2.78%1.87%-10,696 bps
Liquid Assets / Assets9.80%18.73%15.46%84.73%95.63%+8,582 bps
CRE / Total Capitaln/an/an/an/an/an/an/a