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Lighthouse Bank

Santa Cruz, CA · Cert 58646

FDIC · 2 branches

Q3 2019

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: Q3 2019, the quarter ended September 30, 2019, 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

Lighthouse Bank

Santa Cruz, CA · Cert 58646

FDIC · 2 branches

Q3 2019

$321.8MAssets
$226.7MLoans
$277.0MDeposits
$42.9MEquity
Loan mix
87%RE $123.8M12%C&I $17.4M1%Consumer $1.4MQ3 2018Q3 2019
Deposit mix
74%Interest-bearing $205.5M26%Noninterest $71.5MQ3 2018Q3 2019

NIM

4.67%Q3 ’175.25%Q3 ’185.23%Q3 ’19+11%-6%

Non-interest income vs. expense

2.47%Q3 ’172.51%Q3 ’182.56%Q3 ’19+8%+2%

Market Position · Santa Cruz-Watsonville, CA · 2019 SOD (annual) · 3.9% share · #8 of 12 inst. · $0.2B of $6.3B

3.9% Santa Cruz
0.0% Santa Clara

Executive Summary

  • Earnings: ROA of 1.58%, down 3 bps year over year; NIM at 4.64%.
  • Asset quality: problem loans at 0.09% of loans (+9 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.24%, up 25 bps from a year ago.
  • Funding: loans stand at 81.84% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

1.58%-3 bps YoY

Net Interest Margin (YTD, annualized)

4.64%-31 bps YoY

Efficiency Ratio (YTD, annualized)

53.95%+415 bps YoY

Tier 1 Leverage Ratio

13.24%+25 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets1.60%1.75%1.72%1.61%1.58%-3 bps
Return on Equity12.34%13.47%13.44%12.43%12.10%-24 bps
Net Interest Margin4.94%4.86%4.91%4.79%4.64%-31 bps
Efficiency Ratio49.80%49.01%51.44%53.08%53.95%+415 bps
Non-Interest Burden2.41%2.33%2.48%2.50%2.45%+5 bps
Growth
Asset Growth (YoY)16.19%16.42%16.89%12.22%7.98%-821 bps
Loan Growth (YoY)22.16%14.79%3.99%0.41%-3.75%-2,591 bps
Deposit Growth (YoY)17.05%15.33%16.96%11.55%6.77%-1,028 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.09%+9 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans2.29%2.21%2.29%2.35%2.38%+9 bps
Allowance Coverage of NPLsn/an/an/an/a27.4xn/an/a
Capital
Tier 1 Leverage Ratio13.00%13.02%13.05%13.01%13.24%+25 bps
Total Risk-Based Capital14.77%14.95%15.47%16.15%16.82%+204 bps
Equity / Assets12.62%12.86%12.81%13.08%13.32%+70 bps
Liquidity & Funding
Loans / Deposits90.78%93.52%86.58%84.01%81.84%-895 bps
Liquid Assets / Assets15.47%14.47%19.48%20.70%24.05%+859 bps
CRE / Total Capitaln/an/an/an/an/an/an/a