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Nasdaq wibc august 20 200 8

NASDAQ: WIBC

August 20, 2008


Safe harbor statement

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 rate 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 factors.

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


Agenda

Agenda

About Wilshire State Bank

Second quarter 2008 financial highlights

Credit quality

Balance sheet growth

Financial performance measurement

Investment summary


Solid history

Solid History

1980

Wilshire State Bank

Opens

1998

IPO raises

$7.1 Million

2001

Reaches $500 Million

in Assets

2008

New Management Team

Led by CEO Joanne Kim

2007

Opened Fort Lee, NJ Branch

2004

Wilshire Bancorp

Assets Surpass $1 Bil.

Opened Dallas Branch

2006

Acquired Liberty Bank

New York


Wilshire state bank today

Wilshire State Bank Today

17 Branches in California

7 Loan Production Offices

3 Branches in New York & New Jersey

Wilshire State Bank

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

1 Branch in Texas

  • Multi-ethnic community bank

  • 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.


N ational r each

National Reach

Seattle

New York

Palisades Park

Annandale

Denver

Atlanta

Los Angeles

Dallas

Houston

.

.

Future branch


R ecognition

Recognition

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


Agenda1

Agenda

About Wilshire State Bank

Second quarter 2008 financial highlights

Credit quality

Balance sheet growth

Financial performance measurement

Investment summary


2q 08 f inancial highlights

2Q 08 Financial Highlights

Strong asset quality and aggressive credit monitoring

Recovery of $1.7 million loan charged-off in 2007

Net charge-off of $234 thousand vs. $1.02 million in Q1 2008

NPA contained at 0.72% vs. 0.60% at March 31, 2008

Continues very minimum construction loan exposure of 2.50% vs. 3.0% in Q2 2007

Earnings growth

Net interest income of $20.3 million vs. $19.7 million in Q1 2008

Net income of $7.43 million vs. $7.05 million in Q1 2008

EPS of $0.25 vs. $0.24 in Q1 2008


2q 08 f inancial highlights1

2Q 08 Financial Highlights

Earning asset growth

Net loan increase to $1.96 billion from $1.86 billion at March 31, 2008

Core deposit increased to $920 million vs. $888 million at March 31, 2008

Non interest income increase and disciplined expense control

Efficiency ratio of 48.4% vs. 49.1% at March 31, 2008

Deposit service charges of $3.0 million vs. $2.7 million in Q1 2008.


Agenda2

Agenda

About Wilshire State Bank

Second quarter 2008 financial highlights

Credit quality

Balance sheet growth

Financial performance measurement

Investment summary


L oan portfolio

Loan Portfolio

June 30, 2008

$1.96 Billion

Consumer

1% $25.3 mil.

Fixed Rate

35%

$689 mil.

Construction

2% $50.6 mil.

Residential R/E

4% $71.2 mil.

C & I

19% $376.1 mil.

Var. Rate

65%

$1.28 bil.

Commercial R/E

74% $1.46 bil.

* 3-month average loan yield=7.11%


D iversified cre p ortfolio

Diversified CRE Portfolio

June 30, 2008

$1.52 Billion


G eographic diversification of cre portfolio

Geographic Diversification of CRE Portfolio

June 30, 2008

$1.52 Billion


Non performing assets total assets

Non-performing Assets*/Total Assets

*Net of SBA guarantee


Non performing loans gross loans

Non-performing Loans*/Gross Loans

*Net of SBA guarantee


Allowance for loan losses npls

Allowance for Loan Losses/NPLs*

*Net of SBA guarantee


N et c harge o ff s total loans

Net Charge-Offs/Total Loans


Agenda3

Agenda

About Wilshire State Bank

Second quarter 2008 financial highlights

Credit quality

Balance sheet growth

Financial performance measurement

Investment summary


Assets performance

Assets Performance

Total

Asset

$1.7

Loan

$1.3

2003

2005

2007

Jun. 08

Total

Asset

$2.4

Total

Asset

$2.2

+7.4%

Total

Asset

$1.0

Loan

$2.0

Loan

$1.8

+9.8%

Loan

$0.8

$ in billion


D eposits

Deposits

March 31, 2008

$1.73 Billion

June 30, 2008

$1.74 Billion

1Q 08 average interest bearing

deposit costs=4.20%

2Q 08 average interest bearing

deposit costs=3.62%


Core deposit trends

Core Deposit Trends

Core Deposit

as % of

Total Deposit

$992 mil.

$973 mil.

$959 mil.

$945 mil.

$920 mil.

$888 mil.

1Q 07

2Q 07

3Q 07

4Q 07

1Q 08

2Q 08

54%

55%

57%

54%

51%

53%

* Core deposits include non-interest bearing deposits, interest bearing deposits and time deposits less than $100,000.


Agenda4

Agenda

About Wilshire State Bank

Second quarter 2008 financial highlights

Credit quality

Balance sheet growth

Financial performance measurement

Investment summary


Profitability

Profitability

$27.8 mil.

$26.8 mil.

$19.5 mil.

$14.5 mil.

$12.8 mil.

2003

2004

2005

2006

2007

1H 2008

$0.44

$0.68

$0.96

$1.16

$0.91

$0.49

EPS*

(Earnings per Share)

* Diluted EPS

$33.9 mil.


Roa roe

ROA & ROE

ROA

(Return of Asset)

ROE

(Return of Equity)

*All 17 public California banks with $1-5B in assets


Nim efficiency ratio

NIM & Efficiency Ratio

NIM

(Net Int. Margin)

Efficiency

Ratio

*All 17 public California banks with $1-5B in assets


Capital ratio

Capital Ratio

Tier 1

Capital Ratio

Total

Risk-based

Capital Ratio

* Well Capitalized>6%

* Well Capitalized>10%


5 y ear p erformance

5+ Year Performance

12/31/02 – 8/13/08, Source: SNL


Ytd p erformance

YTD Performance

1/01/08 – 8/13/08, Source: SNL


Agenda5

Agenda

About Wilshire State Bank

Second quarter 2008 financial highlights

Credit quality

Balance sheet growth

Financial performance measurement

Investment summary


S trong foundation

Strong Foundation

Continued Capital Influx in Core-Markets

Success of East Coast Expansion

Timely Strategic

Change


Why wilshire state bank

Why Wilshire State Bank?

Sound credit quality and credit monitoring

Diversified loan and deposit ethnicity

Strong loan growth

Strong capital position

Strong earnings growth


I nvestment profile v aluation

Investment Profile & Valuation

Market capitalization$379 million

Shares outstanding29.4 million

Institutional ownership39%

Insider ownership 37%

EPS (TTM)$0.91

Quarterly cash dividend$0.05

Recent price (8/13/08)$12.88

Price/Earnings 14.2x


Strategic growth for 2008 and beyond

Strategic Growth for 2008 and beyond

Optimal

Loan Pricing

Sound

Credit

Quality

Balanced

Deposit

Growth

Continuous Branch

Expansions

in New York

and California

Controlled Operating

Expenses

thru Cost Reductions


Wibc

NASDAQ: WIBC

Howe Barnes Hoefer & Arnett Community Bank Conference

August 20, 2008


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