PackageTrendsPeer
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Blue Gate Bank

Costa Mesa, CA · Cert 59094

FDIC · 1 branch

Q2 2018

$121.8MAssets
$78.7MLoans
$98.7MDeposits
$22.6MEquity
Deposit mix
60%Interest-bearing $59.6M40%Noninterest $39.2MQ1 2017Q2 2018

Market Position · Los Angeles-Long Beach-Anaheim, CA · 2018 SOD (annual) · 0.0% share · #94 of 121 inst. · $0.1B of $536.2B

Executive Summary

  • Earnings: ROA of -2.68%, up 600 bps year over year; NIM at 2.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 17.99%, down 2,141 bps from a year ago.
  • Funding: loans stand at 79.66% of deposits as of Q2 2018.

Return on Assets (quarter, annualized)

-2.68%+600 bps YoY

Net Interest Margin (quarter, annualized)

2.47%+107 bps YoY

Efficiency Ratio (quarter, annualized)

213%-34,034 bps YoY

Tier 1 Leverage Ratio

17.99%-2,141 bps YoY

NIM

0.85%Q1 ’172.20%Q2 ’173.23%Q2 ’18+151%+76%

Non-interest income vs. expense

17.42%Q1 ’178.01%Q2 ’175.39%Q2 ’18-54%-33%

Discrete quarter, annualized.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018Q2 2018YoY ΔTrend
Earnings
Return on Assets-11.75%-8.69%-3.22%-3.32%-3.95%-2.68%+600 bps
Return on Equity-20.24%-22.61%-12.87%-17.42%-22.84%-14.66%+795 bps
Net Interest Margin0.56%1.41%1.51%2.26%2.60%2.47%+107 bps
Efficiency Ratio2970%554%279%249%216%213%-34,034 bps
Non-Interest Burden17.39%7.97%4.24%5.66%5.66%5.34%-263 bps
Growth
Asset Growth (YoY)n/an/an/an/a179.12%31.04%n/a
Loan Growth (YoY)n/an/an/an/a1021%92.41%n/a
Deposit Growth (YoY)n/an/an/an/a525%49.55%n/a
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.24%1.25%0.95%0.97%1.12%1.25%0 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio90.03%39.40%23.50%21.29%17.04%17.99%-2,141 bps
Total Risk-Based Capital266%72.82%45.28%38.82%30.20%30.62%-4,220 bps
Equity / Assets58.03%28.59%22.20%16.63%18.04%18.56%-1,003 bps
Liquidity & Funding
Loans / Deposits48.97%61.92%70.42%59.85%87.82%79.66%+1,774 bps
Liquid Assets / Assets78.06%55.29%44.98%49.85%28.09%34.80%-2,049 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/a