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First Asian Bank

Las Vegas, NV · Cert 58499

FDIC

Q2 2011

$30.2MAssets
$21.6MLoans
$28.3MDeposits
$1.6MEquity
Loan mix
75%RE $12.3M25%C&I $4.1M0%Consumer $0.0MQ2 2010Q2 2011
Deposit mix
94%Interest-bearing $26.6M6%Noninterest $1.7MQ2 2010Q2 2011

NIM

4.22%Q2 ’093.99%Q2 ’104.14%Q2 ’11+17%+19%

Non-interest income vs. expense

9.20%Q2 ’097.09%Q2 ’108.41%Q2 ’11-24%+18%

Executive Summary

  • Earnings: ROA of -5.31%, up 149 bps year over year; NIM at 2.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 2.35%.
  • Funding: loans stand at 76.25% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

-5.31%+149 bps YoY

Net Interest Margin (quarter, annualized)

2.89%+47 bps YoY

Efficiency Ratio (quarter, annualized)

280%-329 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-6.80%-6.15%-8.01%-10.36%-5.31%+149 bps
Return on Equity-59.36%-60.19%-89.57%-138.97%-89.08%-2,972 bps
Net Interest Margin2.42%2.58%2.57%1.82%2.89%+47 bps
Efficiency Ratio283%269%303%465%280%-329 bps
Non-Interest Burden7.01%7.09%7.99%8.83%8.29%+128 bps
Growth
Asset Growth (YoY)-7.79%-10.70%-20.15%-23.84%-22.77%-1,498 bps
Loan Growth (YoY)-8.93%-8.56%-23.36%-23.81%-27.34%-1,841 bps
Deposit Growth (YoY)-1.45%-4.91%-15.69%-19.60%-18.27%-1,682 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.65%0.23%5.96%6.15%-2.35%-801 bps
Allowance / Loans3.64%4.15%4.47%4.24%5.25%+161 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 Capital14.94%13.18%12.44%9.48%8.13%-681 bps
Equity / Assets10.97%9.47%8.35%6.46%5.43%-554 bps
Liquidity & Funding
Loans / Deposits85.77%84.07%76.82%80.49%76.25%-952 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a