Investor Presentaiton
Regulatory Reporting to Financial Statements:
Adjusted Core Deposits
Some of the financial measures included in this presentation differ from those reported on the FRB Y-9(c) report. These financial measures include "core deposits to
total deposits." Our management uses this financial measure in its analysis of our performance. The Bank measures core deposits by reviewing all relationships over
$250,000 on a quarterly basis. After discussions with our regulators on the proper way to measure core deposits, we now track all deposit relationships over
$250,000 on a quarterly basis and consider a relationship to be core if there are any three or more of the following: (i) relationships with us (as a director or
shareholder); (ii) deposits within our market area; (iii) additional non-deposit services with us; (iv) electronic banking services with us; (v) active demand deposit
account with us; (vi) deposits at market interest rates; and (vii) longevity of the relationship with us. We consider all deposit relationships under $250,000 as a core
relationship except for time deposits originated through an internet service. This differs from the traditional definition of core deposits which is demand and savings
deposits plus time deposits less than $250,000. As many of our customers have more than $250,000 on deposit with us, we believe that using this method reflects a
more accurate assessment of our deposit base. The following table reconciles the adjusted core deposit to total deposits:
(Dollars in thousands)
Core Deposits¹
Adjustments to Core Deposits
2012
As of and for the Year Ended December 31,
2013
2014
2015
2016
$315,943
$422,252
$507,376
$567,980
$781,940
As of and for the Nine
Months Ended September 30,
2017
$967,219
Time Deposits > $250,000 Considered as Core Deposits²
82,373
118,756
115,572
174,038
325,453
298,191
Less: Internet and Other Deposit Originator Deposits
<$250,000 Considered Non-Core³
(44,562) (21,418) (30,971)
(40,244)
Less: Other Deposits Not Considered Core4
(70,759) (171,800)
(178,325)
Adjusted Core Deposits
$398,316
Total Deposits
442,678
$541,008
574,079
$578,386 $649,841 $904,622
767,365
853,417 1,152,763
$1,046,841
1,318,292
Adjusted Core Deposits to Total Deposits Ratio
89.98%
94.24%
75.37%
76.15%
78.47%
79.41%
Time deposits to core customers over $250,000 as defined in the lead-in to the table above
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(1) All demand and savings deposits of any amount plus time deposits less than $250,000
(2)
(3)
(4)
Comprised of internet and outside deposit originator time deposits less than $250,000 which are not considered to be core deposits
Comprised of demand and savings deposits in relationships over $250,000 which are considered non-core deposits because they do not satisfy the definition of core
deposits set forth in the lead-in to the table above
RBB BANCORP
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