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Paramount Bank

Las Vegas, NV · Cert 58547

FDIC

Q3 2008

$24.6MAssets
$20.7MLoans
$13.9MDeposits
$10.4MEquity
Deposit mix
87%Interest-bearing $12.1M13%Noninterest $1.8MQ3 2007Q3 2008

NIM

1.73%Q3 ’074.94%Q3 ’08+93%

Non-interest income vs. expense

5.06%Q3 ’077.98%Q3 ’08+57%

Executive Summary

  • Earnings: ROA of -6.18%, down 294 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 148.80% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-6.18%-294 bps YoY

Net Interest Margin (YTD, annualized)

3.33%+160 bps YoY

Efficiency Ratio (YTD, annualized)

236%-5,617 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets-3.24%-4.06%-6.78%-7.18%-6.18%-294 bps
Return on Equityn/an/a-10.97%-13.30%-12.21%n/a
Net Interest Margin1.73%2.15%4.00%3.19%3.33%+160 bps
Efficiency Ratio292%270%256%265%236%-5,617 bps
Non-Interest Burden5.06%5.80%10.28%8.45%7.93%+287 bps
Growth
Asset Growth (YoY)n/an/an/an/a105.13%n/an/a
Loan Growth (YoY)n/an/an/an/a1019%n/an/a
Deposit Growth (YoY)n/an/an/an/a21320%n/an/a
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%0.00%0 bps
Allowance / Loans1.24%1.25%1.24%1.25%1.25%+1 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 Capital271%99.16%81.79%53.67%48.84%-22,177 bps
Equity / Assets97.57%70.25%55.09%42.68%42.20%-5,538 bps
Liquidity & Funding
Loans / Deposits2848%208%130.68%132.08%148.80%-269,889 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