Exhibit 99.3
Greater Bay Bancorp and SJNB Financial Corp.
Pro Forma Balance Sheet as of March 31, 2001
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PRO FORMA CONSOLIDATED STATEMENTS OF CONDITION
GREATER BAY BANCORP AND SJNB FINANCIAL CORP.
as of March 31, 2001
(in thousands)
Greater Bay
& San Jose
National
San Jose Bank
National Pro forma
Greater Bay Bank Combined
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ASSETS
Cash and due from banks $ 206,156 $ 23,686 $ 229,842
Federal funds sold 85,000 3,000 88,000
Other short term securities 57 - 57
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Cash and cash equivalents 291,213 26,686 317,899
Investment securities:
Available for sale 1,176,640 116,309 1,292,949
Other securities 40,273 1,750 42,023
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Investment securities 1,216,913 118,059 1,334,972
Total loans:
Commercial 1,595,293 250,312 1,845,605
Real estate construction and land 1,694,191 56,560 1,750,751
Real estate other 233,538 152,920 386,458
Consumer and other 216,064 16,646 232,710
Deferred loan fees and discounts (13,461) (982) (14,443)
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Total loans, net of deferred fees 3,725,625 475,456 4,201,081
Allowance for loan losses (85,914) (7,774) (93,688)
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Total loans, net 3,639,711 467,682 4,107,393
Property, premises and equipment 37,084 5,246 42,330
Interest receivable and other assets 221,325 30,476 251,801
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Total assets $5,406,246 $648,149 $6,054,395
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LIABILITIES AND SHAREHOLDERS' EQUITY
Total deposits $4,273,630 $539,334 $4,812,964
Other borrowings 572,828 32,103 604,931
Other liabilities 105,922 8,554 114,476
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Total liabilities 4,952,380 579,991 5,532,371
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Company obligated mandatorily redeemable cumulative
trust preferred securities of subsidiary trusts
holding solely junior subordinated debentures 99,500 - 99,500
SHAREHOLDERS' EQUITY
Common stock 179,835 23,995 203,830
Accumulated other comprehensive income (loss) 1,596 1,693 3,289
Retained earnings 172,935 42,470 215,405
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Total shareholders' equity 354,366 68,158 422,524
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Total liabilities and shareholders'
equity $5,406,246 $648,149 $6,054,395
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Capital Ratios
Leverage 8.50% 9.62% 8.63%
Tier 1 to risk weighted assets 9.13% 11.81% 9.40%
Total capital to risk weighted assets 10.40% 13.06% 10.68%
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