Burlington, VT · Cert 14149
FDIC
Q4 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2008, the quarter ended December 31, 2008, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Burlington, VT · Cert 14149
FDIC
Q4 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 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.58% | 1.21% | 1.41% | 1.51% | 1.08% | 1.25% | 1.19% | 1.17% | -34 bps | |
| Return on Equity | 21.38% | 16.39% | 18.98% | 20.13% | n/a | n/a | n/a | n/a | n/a | |
| Net Interest Margin | 3.73% | 3.75% | 3.86% | 3.81% | n/a | n/a | n/a | n/a | n/a | |
| Efficiency Ratio | 55.42% | 53.96% | 52.85% | 53.18% | n/a | n/a | n/a | n/a | n/a | |
| Non-Interest Burden | 1.44% | 1.38% | 1.35% | 1.34% | n/a | n/a | n/a | n/a | n/a | |
| Growth | ||||||||||
| Asset Growth (YoY) | 0.49% | -1.42% | -1.13% | 1.63% | 6.39% | 3.69% | 2.49% | 10.96% | +933 bps | |
| Loan Growth (YoY) | 2.70% | 3.95% | 3.67% | 4.46% | 0.44% | 1.13% | -0.15% | -2.50% | -696 bps | |
| Deposit Growth (YoY) | 1.64% | -4.06% | -3.50% | 2.71% | -4.09% | -6.96% | -12.00% | -13.68% | -1,638 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 | 0.11% | 0.10% | 0.12% | 0.11% | n/a | n/a | n/a | n/a | n/a | |
| Allowance / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| 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 | 10.95% | 10.82% | 10.78% | 11.07% | n/a | n/a | n/a | n/a | n/a | |
| Equity / Assets | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 81.28% | 87.85% | 85.05% | 83.31% | 85.11% | 95.49% | 96.50% | 94.10% | +1,078 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |