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Wedbush Bank

Los Angeles, CA · Cert 58706

FDIC

Q1 2014

$225.9MAssets
$120.5MLoans
$196.6MDeposits
$26.5MEquity
Loan mix
90%RE $59.6M9%C&I $5.9M1%Consumer $0.7MQ1 2013Q1 2014
Deposit mix
95%Interest-bearing $186.8M5%Noninterest $9.8MQ1 2013Q1 2014

NIM

3.82%Q1 ’123.87%Q1 ’133.46%Q1 ’14+2%-14%

Non-interest income vs. expense

2.76%Q1 ’122.39%Q1 ’134.07%Q1 ’14-13%+70%

Executive Summary

  • Earnings: ROA of 2.14%, up 115 bps year over year; NIM at 2.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 61.28% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

2.14%1+115 bps YoY

Net Interest Margin (YTD, annualized)

2.62%-42 bps YoY

Efficiency Ratio (YTD, annualized)

154.63%+7,638 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets1.00%11.01%0.80%0.89%2.14%1+115 bps
Return on Equity9.89%10.13%7.95%8.76%18.95%+906 bps
Net Interest Margin3.04%2.95%3.04%3.12%2.62%-42 bps
Efficiency Ratio78.25%76.25%81.74%76.68%154.63%+7,638 bps
Non-Interest Burden2.38%2.25%2.48%2.39%4.06%+168 bps
Growth
Asset Growth (YoY)12.16%14.24%-0.73%-3.59%-12.44%-2,460 bps
Loan Growth (YoY)38.92%47.92%12.22%2.08%-11.38%-5,029 bps
Deposit Growth (YoY)7.51%11.27%-0.10%-6.32%-10.08%-1,759 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 / Loans1.47%1.45%1.42%1.44%1.44%-3 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 Capital20.70%20.32%18.40%19.62%29.62%+892 bps
Equity / Assets10.00%9.76%10.28%10.90%11.73%+172 bps
Liquidity & Funding
Loans / Deposits62.18%64.00%69.49%67.55%61.28%-89 bps
Liquid Assets / Assets12.06%13.02%3.57%9.89%35.48%+2,342 bps
CRE / Total Capitaln/an/an/an/an/an/an/a