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Onewest Bank, FSB

Pasadena, CA · Cert 58978

FDIC · 84 branches

Q4 2021

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: Q4 2021, the quarter ended December 31, 2021, 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

Onewest Bank, FSB

Pasadena, CA · Cert 58978

FDIC · 84 branches

Q4 2021

$47.6BAssets
$30.4BLoans
$40.2BDeposits
$5.4BEquity
Loan mix
48%RE $10.1B52%C&I $11.0B0%Consumer $0.0BQ4 2020Q4 2021
Deposit mix
90%Interest-bearing $36.3B10%Noninterest $3.9BQ4 2020Q4 2021

NIM

4.29%Q4 ’193.17%Q4 ’202.96%Q4 ’21-17%+12%

Non-interest income vs. expense

2.80%Q4 ’193.57%Q4 ’202.73%Q4 ’21+77%-58%

Market Position · Los Angeles-Long Beach-Anaheim, CA · 2021 SOD (annual) · 5.2% share · #6 of 116 inst. · $39.7B of $767.5B

12.4% Los Angeles
0.6% Orange
0.4% San Diego
1.3% Ventura

Executive Summary

  • Earnings: ROA of 1.78%, up 263 bps year over year; NIM at 2.48%.
  • Asset quality: problem loans at 1.56% of loans (-75 bps YoY), with net charge-offs at 0.21%.
  • Capital: tier 1 leverage ratio of 11.40%, up 246 bps from a year ago.
  • Funding: loans stand at 75.67% of deposits as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

1.78%+263 bps YoY

Net Interest Margin (YTD, annualized)

2.48%+27 bps YoY

Efficiency Ratio (YTD, annualized)

60.69%-1,064 bps YoY

Tier 1 Leverage Ratio

11.40%+246 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets-0.86%2.14%1.92%1.79%1.78%+263 bps
Return on Equity-9.05%22.10%19.17%17.43%17.03%+2,608 bps
Net Interest Margin2.21%2.35%2.39%2.44%2.48%+27 bps
Efficiency Ratio71.33%66.21%61.06%61.66%60.69%-1,064 bps
Non-Interest Burden1.98%1.06%0.82%0.87%0.82%-116 bps
Growth
Asset Growth (YoY)15.72%-4.41%-13.10%-12.09%-9.20%-2,492 bps
Loan Growth (YoY)19.25%-7.37%-12.18%-11.81%-11.40%-3,065 bps
Deposit Growth (YoY)23.39%-0.86%-10.76%-10.48%-9.02%-3,241 bps
Asset Quality
Nonperforming Loans / Loans2.32%2.47%2.06%1.39%1.56%-75 bps
Net Charge-Offs / Loans1.02%0.24%0.31%0.24%0.21%-81 bps
Allowance / Loans2.98%2.72%2.64%2.51%2.31%-67 bps
Allowance Coverage of NPLs1.3x1.1x1.3x1.8x1.5x+0.2x
Capital
Tier 1 Leverage Ratio8.95%9.98%10.60%11.09%11.40%+246 bps
Total Risk-Based Capital13.10%14.03%15.06%15.40%15.65%+255 bps
Equity / Assets9.44%9.94%10.71%10.98%11.30%+186 bps
Liquidity & Funding
Loans / Deposits77.71%78.61%74.92%75.99%75.67%-203 bps
Liquid Assets / Assets7.05%9.91%10.00%8.73%5.66%-139 bps
CRE / Total Capitaln/an/an/an/an/an/an/a