NASDAQ: WIBC February 2009

NASDAQ: WIBCFebruary 2009

SAFE HARBOR STATEMENT

Except for the historical information in this presentation, subjects described are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. Among these are governmental fiscal policy, interest

t d dit i k th bilit t d i k t drate and credit risk, the ability to succeed in new markets and business lines, balance sheet management, the global and local economies, general interest rate changes and other economic, competitive and operational factorscompetitive and operational factors.

Wilshire Bancorp disclaims any obligation to announce publicly future events or developments that may affect the forward-looking statements herein.

2

Agenda

•• About Wilshire State BankAbout Wilshire State Bank

• Fourth quarter 2008 financial highlights

• Credit quality

Balance sheet growth• Balance sheet growth

• Financial performance measurementp

• Investment summary

3

Solid History

1980Wilshire State Bank

Opens

1998IPO raises $7.1 Million$

2001Reaches $500 Million

in Assets

2008New Management TeamLed by CEO Joanne Kim

2004Wilshire Bancorp

Assets Surpass $1 Bil. Opened Dallas Branch

2007Opened Fort Lee, NJ Branch

2006Acquired Liberty Bank

New York

4

Wilshire State Bank Today

16 Branches in California

4 Branches in New York & New Jersey (Flushing br. opening in March)

5 Loan Production Offices

Wilshire State BankWilshire State Bank

1 Branch in Texas

5 Profit Center(SBA, CLC, Construction LC, HLC TFD i1 Branch in Texas HLC, TFD in Head Quarter)

• Multi-ethnic community bank • Focus on commercial real estate SBA and C&I lending and general commercial

5

• Focus on commercial real estate, SBA, and C&I lending and general commercial banking.

• Over 50% of Wilshire’s lending goes to the non-Korean market.

National Reach

New York

AnnandaleDenver

Atlanta

Dallas

Los Angeles

Houston

6

RecognitionRanked 5th on US Banker’sTop 200 Publicly Traded Mid-Tier Banks. Based on three-year yROE. (May 2008)

7

Agenda

• About Wilshire State BankAbout Wilshire State Bank

•• Fourth quarter 2008 financial highlightsFourth quarter 2008 financial highlights

• Credit quality

B l h t th• Balance sheet growth



8

4Q 08 Financial Highlights

Compared with third quarter 2008:

• Capital position remained strong with total risk based capital ratio at 17.09%, as compared with 14.01% in 3Q08.Loan loss provision increased to $5 9 million as compared with $3 4 million in• Loan loss provision increased to $5.9 million, as compared with $3.4 million in 3Q08.

• Allowance for loan losses to gross loans ratio increased to 1.43% from 1.28% in 3Q08.

• Average net loan portfolio increased at an annualized 6.3% to $2.01 billion, as compared with $1.98 in 3Q08.

• Net interest margin decreased to 3.73% from 3.86% in 3Q08.• Efficiency ratio improved to 44 1% from 46 0% in 3Q08Efficiency ratio improved to 44.1% from 46.0% in 3Q08.

9

Agenda


•• Fourth quarter 2008 financial highlightsFourth quarter 2008 financial highlights

• Credit quality




10

Loan PortfolioDecember 31, 2008

Total Net Loan: $2.05 Billion

Var. Rate47%

Consumer1% $23.7 mil.

Construction$

Fi d R

47%$960.8 mil.

2% $43.2 mil.

Residential R/E4% $77.8 mil.

Fixed Rate53%

$1.07 bil.

Commercial & Industrial20% $387.8 mil.

Commercial R/E

* 3-month average loan yield=6.69%

73% $1.52 bil.

11

Credit Historical Data

150%

WSB Reserves/Loans

1.50%

1.00%

Reserves/Loans 1.20% 1.19% 1.17% 1.18% 1.28% 1.43%

2006 2007 1Q 2008 2Q 2008 3Q 2008 4Q 2008

12

• Coverage of Allowance for loan loss over Loans : 1.43%

Non-performing Assets*/Total Assets

2.42%2.50%

2.01%

1.50%

2.00%

0.74%0.64%0.72%

0.60%0.49%

1.02%

0 42% 0 43%

1.06%

0.66%0.79%

0 40%0.41%

1.00%

1.50%

0.42% 0.43%0.35% 0.40%0.32%0.41%

0.17%

0.00%

0.50%

4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q084Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08

WIBC CA Peers

13

*Net of SBA guarantee

*All 22 public California banks with $1-5B in assets, SNL Financial

Non-performing Loans*/Gross Loans

3.15%

3.00%

3.50%

2.33%

2.00%

2.50%

0.76%

1.25%

0 50%0.59% 0.64%

0.83%0.67%

0 55%

1.00%

0.75%

1.29%

1.00%

1.50%

0.44% 0.50% 0.48%0.39%0.55%

0.21%0.39%

0.00%

0.50%

4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q084Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08

WIBC CA Peers

14



Allowance for Loan Losses/NPLs*

400%

272.38%

230.33%251.48%

300%

203.55%184.35%

142.64%

189.01%189.27%200%

85.01%100%

0%4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08

15


* All 22 public California banks with $1-5B in assets, SNL Financial

Net Charge-Offs/Total Loans

0.23%

0.30%

0 14%0.17%0.20%

0.12%

0.14%

0 07%

0.11%

0 10% 0.06%

0.01%

0.07%0.06%0.10%

0.00%4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08

16

* All 22 public California banks with $1-5B in assets, SNL Financial

CRE by Property Type(Dollars in 000)

Property Type Balance (%)R t il Sh i C t 320 193$ 2028%

• Owner occupied loan rate : Retail Shopping Cent 320,193$ 20.28% Hotel / Motel 278,024 17.41% Comm'l & Industrial 209,877 13.14% Multi‐Family Reside 152,956 11.28%

31%• Hotel/Motel included Rate :

48%(31%+17%)

Gas Station 128,751 8.06%Office Building 115,711 7.25%Car Wash 89,179 5.58%OtherReal Property 68 605 430%Other Real Property 68,605 4.30%All Other Single‐Tena 41,787 2.62%Mixed‐Use Property 39,611 2.54%Land 39,122 2.45%Religious‐Use Buildin 26,636 1.67%Freestanding Restau 22,663 1.39%Medical Building 19,685 1.23%1to4FamilyResiden 12622 079%

17

1 to 4 Family Residen 12,622 0.79%1,565,422$ 100.00%

CRE Loans by LTV Distribution

300

400

100

200

300

Type Net Active Principal # of loans % total Cumulative % of Total

050% to 55% 55% to 60% 60% to 65% 65% to 70% 70% to 75% 75% to 80% 80% and

above

BalanceLess than 50% $239,944,168 196 15.8% 15.8%50% to 55% $125,062,249 101 8.3% 24.1%55% to 60% $126,363,986 110 8.3% 32.4%60% to 65% $265,322,383 146 14.2% 46.6%65% to 70% $393,863,148 250 26.0% 72.6%70% to 75% $285,423,524 170 18.8% 91.5%75% to 80% $83,346,561 80 5.5% 97.0%80% and above $46,095,610 179 3.0% 100.0%

T t l $1 565421629 1232

18

Total $1,565,421,629 1,232 Average LTV : 62%

CRE & Const. LTV by Property Type

70%80%90%

100%

20%30%40%50%60%

Type Net Active Principal Balance Loan to Value Ratio

1 Commercial & Industrial Building $191 564 959 65%

0%10%

1 2 3 4 5 6 7 8 9

1 Commercial & Industrial Building $191,564,959 65%

2 Gas Station / Car Wash $219,873,653 63%

3 Hotel or Motel $267,175,065 61%

4 Land $35,580,611 49%

5 Medical/Restaurant/Religious Building $62,353,867 59%

6 Office Building $113,573,972 60%6 g $ , ,

7 Other Real Estate Property $192,457,874 58%

8 Residential Property $175,327,804 65%

9 Retail Shopping Center $307,513,825 62%

Total $1,565,421,629 62%

19

* Construction Loans $41,204,608 44%

CRE Origination & LTV

Property Type 2008 Origination 2007 Origination 2006 Origination2005 or

earlier OriginationProperty Type 2008 Origination 2007 Origination 2006 Origination earlier Origination

Commercial & Industrial Building $ 40,424,646 65.5% $ 65,984,440 66.1% $ 30,142,896 61.8% $ 55,012,977 63.4%

Gas Station / Car Wash $ 45,028,029 62.8% $ 68,637,852 65.0% $ 65,263,000 62.0% $ 40,944,772 59.9%

Hotel or Motel $ 66,985,814 55.2% $ 96,504,298 64.5% $ 64,688,185 66.2% $ 38,996,768 57.1%

Land $ 30,615,611 47.3% $ 4,965,000 62.2% $ ‐ 0.0% $ ‐ 0.0%

Medical/Restaurant/Religious Building $ 14,624,189 43.3% $ 12,732,824 65.9% $ 13,283,194 71.4% $ 21,713,660 58.1%

Office Building $ 17,137,638 63.7% $ 54,176,102 62.0% $ 12,024,939 48.5% $ 30,235,293 57.6%

Other Real Estate Property $ 32,033,992 60.6% $ 34,820,142 56.2% $ 22,894,012 61.2% $ 52,771,727 55.6%

Residential Property $ 29,273,194 69.9% $ 43,051,842 57.6% $ 59,899,316 65.7% $ 43,103,453 69.0%

Retail Shopping Center $ 104,564,535 62.0% $ 82,210,218 65.3% $ 50,967,096 61.6% $ 69,771,976 59.8%

20

Total $ 380,687,648 59.9% $ 463,082,718 63.4% $ 319,162,638 63.3% $ 352,550,625 60.3%

CRE Portfolio by Classification

(Dollars in $000) 2008 2007 2006P 1 445100$ 92% 1 336 627$ 97% 1 142 171$ 98%Pass 1,445,100$ 92% 1,336,627$ 97% 1,142,171$ 98%Special Mention 40,501$ 3% 26,877$ 2% 5,379$ 0%Substandard 76,428$ 5% 11,803$ 1% 13,368$ 1%Doubtful 3,393$ 0% 4,686$ 0% -$ 0%Loss -$ 0% -$ 0% -$ 0%

1,565,422$ 1,379,993$ 1,160,919$

* CRE charge off

(Dollars in $000) 2008 2007 2006CRE charge off 728$ 785$ 138$ CRE portfolio 1,565,422$ 1,379,993$ 1,160,919$ %of CREcharge off 005% 006% 001%% of CRE charge off 0.05% 0.06% 0.01%

21

CRE Loan Stratification as of 12/31/08

22

CRE Classified by Property Type

Net SBA Book Balance Property Type

CA Location

%

LTV (Orig. unless AV updated)

Days Past Due

RemainingMonths

Accrual loans %a a ce ope ty ype % updated) ue o t s oa s %

$2,718,127 Carwash Total 100% 50% 207 30 49%$2,137,291 Church/Office Total 100% 69% 289 44 0%$10,556,379 Gas Station Total 70% 69% 27 39 91%$3,041,405 Industrial Total 68% 63% 117 75 71%$1,156,216 Mixed Use Total 19% 93% 1 ‐9 100%$7,220,019 Motel Total 0% 69% 12 35 92%$31,743,396 Multifamily Total 100% 64% 2 27 100%$2,444,446 Restaurant Total 100% 62% 13 61 80%$4 310 000 Vacant Land Total 100% 53% 0 8 100%$4,310,000 Vacant Land Total 100% 53% 0 8 100%$2,437,329 Warehouse Total 0% 70% 26 40 100%$67,764,608 Grand Total 78% 65% 30 32 90%

• 90% of Substandard & Doubtful loans are accrual loans.90% of Substandard & Doubtful loans are accrual loans.• Avg. 30 days of delinquent• Avg. LTV is 65%, Carwash type 50%• 78% of property located in CA

23

p p y• 4.3% of CRE loans are classified

CRE Non Accrual LTV & Allowance Allocation

Net Active Principal Balance

Allowance for Loan Loss Allocation

Liquidation Value Less Selling Cost

LTV

Balance Loss AllocationRetail Shopping Center 413,843$ 28,594$ 299,465$ 138.2%

Commercial & Industrial Building 2,784,208$ 65,428$ 5,209,698$ 53.4%Gas Station 3,835,949$ 567,880$ 2,742,000$ 139.9%

Car Wash 1,379,561$ -$ 2,161,898$ 63.8%, , , ,Hotel or Motel 563,529$ 38,779$ 524,750$ 107.4%

Medical/Restaurant 1,080,542$ 272,441$ 3,990,192$ 27.1%Religious Building 2,137,291$ -$ 5,022,313$ 42.6%

Other Real Estate Property 474,879$ 302,436$ 735,060$ 64.6%

• Total non accrual CRE : $12,669,801• Non accrual / Total CRE : 0 8%

p y

Total 12,669,801$ 1,275,558$ 20,685,376$ 61.3%

• Non accrual / Total CRE : 0.8%• Weighted Avg. CRE LTV : 61.3%• Collateral shortfall : $1.2 million or 10% of NP CRE

C ll t l 90% f NP CRE

24

• Collateral coverage : 90% of NP CRE

Agenda


• Third quarter 2008 financial highlights

• Credit quality

B l h t thB l h t th•• Balance sheet growthBalance sheet growth



25

Assets Performance

TotalTotalAsset

TotalAsset$2 5Total

Asset$2.0

Asset$2.2

$2.5+11.5%Total

Asset$1.7

LoanLoan$2 1

Loan$1.6

Loan$1.8

$2.1+13.1%Loan

$1.3

2005 2006 2007 2008

26

$ in billion

Deposits

December 31, 2008$1 81 Billion

September 30, 2008$1 79 Billion $1.81 Billion$1.79 Billion

16.53%

2.39%

12.03%Non-Int. Bearing

Savings

15.30%

2.50%

11.20%Non-Int. Bearing

Savings2.39% g

Money Market & NOW

Time Deposits morethan $100K Time Deposits less

21.20%

g

Money Market & NOW

Time Deposits morethan $100K Time Deposits less26.25%42.81%

Time Deposits lessthan $100K

Noninterest-bearing Deposits 295,450,991$ Savings 42 676 824$

49.80%

Time Deposits lessthan $100K

Noninterest-bearing Deposits 277,541,645$ Savings 44 451 515$Savings 42,676,824$

Money Market checking & NOW 469,288,195$ Time deposits More than $100K 765,311,222$ Time deposits less than $100K 215,036,037$ Total 1,787,763,269$

Savings 44,451,515$ Money Market checking & NOW 384,190,473$ Time deposits More than $100K 902,803,643$ Time deposits less than $100K 203,614,155$ Total 1,812,601,431$

27

4Q 08 average interest bearingdeposit costs=3.18%

3Q 08 average interest bearingdeposit costs=3.39%

Agenda


• Third quarter 2008 financial highlights

• Credit quality


•• Financial performance measurementFinancial performance measurementpp


28

Profitability$33.9 mil.

$27.8 mil. $26 8 mil $26 5 il

$19.5 mil.

$26.8 mil. $26.5 mil.

$12.8 mil.

2003 2004 2005 2006 2007 2008

EPS* $0.90$0.91$1.16$0.96$0.68$0.44

29

(Earnings per Share)* Diluted EPS

Profitability

2003 2004 2005 2006 2007

30*All 22 public California banks with $1-5B in assets, SNL Financial

ROA & ROE

158% 1.70%1.92% 1.85%2%

ROA(Return of Asset)

1.58%1.31% 1.14%

0%

1%

0 14%2003 2004 2005 2006 2007 2008

WIBC PEERS*

0.14%

ROE24.56% 25.41% 27.21% 25.51%

16.33% 14.14%

10%

20%

30%

(Return of Equity)0%

10%

2003 2004 2005 2006 2007 2008WIBC PEERS*

1.48%

31


Efficiency Ratio

75%

EfficiencyR ti 47.71%

43 14% 46 87%

50%

75%

Ratio 40.23%43.08% 40.04% 43.14% 46.87%

25%2003 2004 2005 2006 2007 2008

WIBC PEERS*


32

Capital Ratio

11.68%11.55%11.75%11.95%12.07% 12.36% 12.18%

15.36%15%

Tier 1 Capital Ratio

11.55%

5%

10%

0%

1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08

17 09%

* Well Capitalized>6%

Total Risk-based

17.09%15.06%14.22%13.80%

14.72% 14.37% 13.99% 14.01%

10%

15%

Risk-basedCapital Ratio

0%

5%

1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08

33

* Well Capitalized>10%

YTD Performance

34

Agenda


• Fourth quarter 2008 financial highlights

• Credit quality



•• Investment summaryInvestment summary

35

Strong Foundation

Continued Capital Influx in Core MarketsInflux in Core-Markets

Timely Strategic Success of East Timely StrategicChange Coast

Expansion

36

Why Wilshire State Bank?

• Sound credit quality and credit monitoringSound credit quality and credit monitoring

• Diversified loan and deposit ethnicity

• Strong loan growth

• Strong capital position

St i th• Strong earnings growth

37

NASDAQ: WIBC

February, 2008

38

Documents

NASDAQ: WIBC February 2009