PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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

5.19%Q4 ’075.17%Q2 ’085.85%Q3 ’08-31%+20%

Non-interest income vs. expense

11.98%Q4 ’078.99%Q2 ’087.85%Q3 ’08-25%-14%

Executive Summary

  • Earnings: ROA of -4.23%, down 99 bps year over year; NIM at 3.94%.
  • 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 (quarter, annualized)

-4.23%-99 bps YoY

Net Interest Margin (quarter, annualized)

3.94%+238 bps YoY

Efficiency Ratio (quarter, annualized)

192.89%-9,926 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets-3.24%-10.32%-6.78%-7.56%-4.23%-99 bps
Return on Equityn/a-12.60%-10.97%-15.68%-9.97%n/a
Net Interest Margin1.56%4.75%4.00%3.29%3.94%+238 bps
Efficiency Ratio292%252%256%273%192.89%-9,926 bps
Non-Interest Burdenn/a11.98%10.28%8.99%7.72%n/a
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