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Pacific Enterprise Bank

Irvine, CA · Cert 58415

FDIC · 1 branch

Q4 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2021, the quarter ended December 31, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Pacific Enterprise Bank

Irvine, CA · Cert 58415

FDIC · 1 branch

Q4 2021

$518.2MAssets
$435.3MLoans
$404.4MDeposits
$63.7MEquity
Deposit mix
85%Interest-bearing $344.3M15%Noninterest $60.1MQ4 2020Q4 2021

NIM

7.01%Q4 ’194.92%Q4 ’205.53%Q4 ’21-15%+26%

Non-interest income vs. expense

4.46%Q4 ’192.93%Q4 ’203.25%Q4 ’21-33%+4%

Market Position · Los Angeles-Long Beach-Anaheim, CA · 2021 SOD (annual) · 0.1% share · #65 of 116 inst. · $0.4B of $767.5B

Executive Summary

  • Earnings: ROA of 1.23%, up 69 bps year over year; NIM at 5.62%.
  • Asset quality: problem loans at 0.16% of loans (-3 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 13.43%, up 306 bps from a year ago.
  • Funding: loans stand at 107.64% of deposits as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

1.23%+69 bps YoY

Net Interest Margin (YTD, annualized)

5.62%+116 bps YoY

Efficiency Ratio (YTD, annualized)

62.29%-1,005 bps YoY

Tier 1 Leverage Ratio

13.43%+306 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets0.54%0.97%1.04%1.25%1.23%+69 bps
Return on Equity5.79%10.99%11.66%13.39%12.49%+670 bps
Net Interest Margin4.46%4.86%5.34%5.49%5.62%+116 bps
Efficiency Ratio72.34%64.95%63.74%60.77%62.29%-1,005 bps
Non-Interest Burden2.83%2.50%2.48%2.50%2.96%+13 bps
Growth
Asset Growth (YoY)23.56%32.27%5.45%-6.50%-14.10%-3,766 bps
Loan Growth (YoY)40.64%60.41%3.70%-8.98%-18.86%-5,950 bps
Deposit Growth (YoY)15.90%-6.97%-15.74%-13.36%-11.51%-2,741 bps
Asset Quality
Nonperforming Loans / Loans0.18%0.15%0.14%0.14%0.16%-3 bps
Net Charge-Offs / Loans0.05%0.11%0.03%0.00%0.02%-4 bps
Allowance / Loans1.06%0.92%0.99%1.12%1.29%+23 bps
Allowance Coverage of NPLs5.8x6.2x7.2x8.0x8.3x+2.5x
Capital
Tier 1 Leverage Ratio10.37%11.20%12.25%12.74%13.43%+306 bps
Total Risk-Based Capital18.81%20.81%21.59%22.41%24.14%+533 bps
Equity / Assets9.21%8.51%9.18%10.71%12.30%+309 bps
Liquidity & Funding
Loans / Deposits117.39%143.23%133.19%120.80%107.64%-975 bps
Liquid Assets / Assets8.94%8.44%10.39%10.39%13.77%+483 bps
CRE / Total Capitaln/an/an/an/an/an/an/a