Valparaiso, FL · Cert 11290
FDIC
Q3 2008
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 2.41% | 2.19% | 2.45% | 1.60% | 0.77% | -2.79% | -1.83% | -2.39% | -399 bps | |
| Return on Equity | 22.97% | 19.00% | 21.50% | 14.33% | 7.06% | -28.19% | -18.33% | -24.21% | -3,854 bps | |
| Net Interest Margin | 5.21% | 4.89% | 4.83% | 4.77% | 4.51% | 3.67% | 3.51% | 3.47% | -129 bps | |
| Efficiency Ratio | 34.36% | 40.72% | 40.45% | 40.78% | 43.23% | 58.57% | 79.70% | 82.91% | +4,213 bps | |
| Non-Interest Burden | 1.28% | 1.51% | 1.46% | 1.45% | 1.46% | 1.78% | 2.84% | 2.96% | +151 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 4.27% | -3.83% | -5.12% | -6.79% | -3.66% | -2.23% | -8.47% | -3.73% | +306 bps | |
| Loan Growth (YoY) | 3.27% | -5.06% | -6.35% | -3.20% | -2.08% | -0.72% | -9.94% | -6.64% | -344 bps | |
| Deposit Growth (YoY) | 5.99% | 3.49% | -4.97% | -13.87% | -12.60% | -3.85% | -5.60% | 2.92% | +1,679 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | -0.14% | 0.02% | -0.01% | 0.05% | 2.63% | 6.44% | 3.54% | 3.46% | +341 bps | |
| Allowance / Loans | 1.70% | 1.73% | 1.41% | 2.38% | 1.34% | 1.51% | 1.80% | 2.57% | +19 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 12.02% | 12.56% | 11.80% | 11.02% | 10.12% | 10.64% | 10.75% | 10.36% | -66 bps | |
| Equity / Assets | 11.26% | 11.79% | 11.14% | 10.52% | 9.66% | 10.13% | 10.23% | 9.50% | -102 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 98.44% | 102.65% | 104.94% | 110.96% | 110.29% | 105.98% | 100.12% | 100.65% | -1,031 bps | |
| Liquid Assets / Assets | 0.01% | 0.02% | 0.03% | 0.03% | 0.03% | 0.03% | 0.46% | 0.67% | +64 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |