Slide 1: Q3 Earnings Results
Exhibit 99.1 Q3 Earnings Results November 10, 2011
Slide 2: Important Disclosures
Executing on Growth Important Disclosures Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are necessarily subject to risk and uncertainty, and
Slide 3: Review of Q3 Results
Executing on Growth Review of Q3 Results • First PacTrust Bancorp earned net income of $0.6 million and net income available to common shareholders of $0.5 million • Earned$1.1million in coreearnings1 for the quarteror $0.10per shareof commonstock,excluding $0.5 million of non-core transaction relat
Slide 4: Loans and yield
Executing on Growth Loans and yield Outstanding Loan Balances (amounts in $ millions / % annualized) • Q3 2011 quarter end balance increased $750 6.00% after consecutive quarters of decline 5.00% • Loan production grew 115% linked quarters $700 to $68.7 million 4.00% • Loan yields during Q2 2011 exp
Slide 5: Deposits and cost of deposits
Executing on Growth Deposits and cost of deposits • Q3 2011 ending deposit balance grew by $25 million from Q2 2011’s $686 million to $712 million – San Marcos (de novo) branch added $10 million; opened in June 2011 – Growth from La Jolla (de novo) branch accounted for $5 million of Q3 2011 increase
Slide 6: Net interest margin
Executing on Growth Net interest margin • Net interest margin for Q2 2011 rose by 5 basis point linked quarters • Resulted in $476 thousand or 6.8% increase in net interest income, before provision • Average Earning Assets for Q3 2011 grew $42 million or 5.3% versus prior linked quarter, outpacing g
Slide 7: Non-interest income
Executing on Growth Non-interest income Customer Service Fees • Q3 2011 non-interest income was $2.012 $400 (amounts in $ thousands) million; compares favorably against Q2 2011 non-interest income of $1.635 million • Excluding gain on sale of securities, linked $375 quarter non-interest income incre
Slide 8: Non-interest expense
Executing on Growth Non-interest expense • Non-interest Expense Non-interest expense increased by $1.7 (amounts in $ thousands) million from $6.0 million during Q2 2011 to $10,000 current quarter’s $7.7 million – difference is due to $1.3 million in $8,000 additional OREO charges, change in $6,000 c
Slide 9: Credit quality and provision
Executing on Growth Credit quality and provision • Early delinquencies at lowest level during Early Delinquencies & NPA Components (amounts in $ millions) past 6 quarters • NPLs at lowest level during past 6 quarters $40 • OREO increased as resolution activity matures • ALLL coverage as a % of non-a
Slide 10: Credit metrics: Improved asset quality
Executing on Growth Credit metrics Improved asset quality 9
Slide 11: OREO
Executing on Growth OREO • OREO rose to $20.6 million as of September 30, 2011 versus $15.0 million at June 30, 2011; the Company saw $2.4 million reductions to OREO properties and added 9 properties totaling $8.0 million • Growth in OREO was expected as Company cleared out NPAs • OREO balances are
Slide 12: Capital
Executing on Growth Capital TCE to Assets • Strong capital position made stronger 20.0% through $32 million SBLF preferred equity raise 15.0% 10.0% • FPTB’s tangible common equity to asset ratio remains at 18.2% 5.0% – FPTB maintains sufficient equity to 0.0% Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 supp
Slide 13: Other items
Executing on Growth Other items Gateway merger Beach merger • Merger and integration activities are • S-4 filing underway • FRB notified of BANC’s intention to become • Awaiting OCC approval a multi-bank holding company • Expect to file waiver with FRB • On track for Q1 2012 close • On track for Q4
Slide 14: Summary
Executing on Growth Summary Delivering earnings while building for growth $1.0 million in core earnings to common in the Q3 2011 (excluding non-core transaction expenses); Pre-tax pre-provision of $3.1 million, adjusted for OREO charges Improved credit quality Improved quality of earnings Lending pl
Slide 15: Appendices
Oeadctrust BANCORP,INC: Appendices
Slide 16: Non-GAAP Financial Information
Executing on Growth Non-GAAP Financial Information This presentation contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States (“GAAP”). These non-GAAP financial measures include tangible common equity, ta
Slide 17: Non-GAAP Financial Information (Continued)
Executing on Growth Non-GAAP Financial Information (Continued) The following table presents a reconciliation of pre-tax pre-provision income to net income (dollars in thousands): 6/30/2011 9/30/2011 Net income $ 1,549 $ 644 Add: Income tax expense (benefit) 644 368 Add: Provision for loan losses 451
Slide 18: Non-GAAP Financial Information (Continued)
Executing on Growth Non-GAAP Financial Information (Continued) The following table presents a reconciliation of core earnings to net income (dollars in thousands): 9/30/11 Net income $ 644 Add: Non-core change of control payment (net of tax) 155 Add: Non-core professional service & other expense (ne