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American Principle Bank

San Luis Obispo, CA · Cert 58614

FDIC

Q2 2012

$271.0MAssets
$199.4MLoans
$220.2MDeposits
$43.1MEquity
Loan mix
55%RE $66.0M41%C&I $49.1M4%Consumer $4.8MQ2 2011Q2 2012
Deposit mix
83%Interest-bearing $182.8M17%Noninterest $37.3MQ2 2011Q2 2012

NIM

4.67%Q2 ’104.71%Q2 ’114.62%Q2 ’12+8%+4%

Non-interest income vs. expense

3.29%Q2 ’102.73%Q2 ’114.92%Q2 ’12+1%+49%

Executive Summary

  • Earnings: ROA of -1.41%, down 215 bps year over year; NIM at 4.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 90.55% of deposits as of Q2 2012.

Financial Results

Return on Assets (quarter, annualized)

-1.41%-215 bps YoY

Net Interest Margin (quarter, annualized)

4.05%+16 bps YoY

Efficiency Ratio (quarter, annualized)

104.46%+3,169 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets0.74%0.65%2.30%0.71%-1.41%-215 bps
Return on Equity4.38%3.90%13.97%4.25%-8.70%-1,307 bps
Net Interest Margin3.89%3.85%4.00%4.02%4.05%+16 bps
Efficiency Ratio72.77%67.56%59.38%60.74%104.46%+3,169 bps
Non-Interest Burden2.86%2.74%2.35%2.39%4.26%+139 bps
Growth
Asset Growth (YoY)14.89%17.15%13.23%9.50%11.13%-377 bps
Loan Growth (YoY)17.20%19.93%10.57%9.60%12.84%-436 bps
Deposit Growth (YoY)20.00%21.01%19.54%9.95%12.04%-797 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%0.00%0 bps
Allowance / Loans1.51%1.69%1.78%1.90%1.92%+41 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 Capital23.09%22.77%23.11%23.11%21.39%-170 bps
Equity / Assets16.85%16.28%16.67%16.64%15.89%-96 bps
Liquidity & Funding
Loans / Deposits89.91%86.58%87.73%88.07%90.55%+65 bps
Liquid Assets / Assets1.76%1.16%0.76%0.22%0.22%-154 bps
CRE / Total Capitaln/an/an/an/an/an/an/a