Meridian, TX · Cert 1491
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.
Meridian, TX · Cert 1491
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 | -0.63% | -0.61% | -1.16% | -0.77% | -2.60% | -2.22% | -2.54% | -2.68% | -191 bps | |
| Return on Equity | -4.59% | -4.61% | -9.22% | -6.13% | -20.33% | -16.91% | -20.02% | -21.68% | -1,555 bps | |
| Net Interest Margin | 3.76% | 3.52% | 3.12% | 3.20% | 3.34% | 2.72% | 2.39% | 2.23% | -97 bps | |
| Efficiency Ratio | 109.96% | 100.38% | 115.57% | 103.98% | 141.40% | 136.15% | 147.23% | 152.38% | +4,840 bps | |
| Non-Interest Burden | 4.37% | 3.70% | 3.82% | 3.49% | 5.05% | 4.01% | 3.82% | 3.69% | +20 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 19.92% | 29.76% | 31.13% | 42.69% | 45.54% | 53.49% | 55.72% | 53.65% | +1,097 bps | |
| Loan Growth (YoY) | 38.65% | 46.02% | 59.36% | 69.63% | 87.65% | 96.24% | 106.08% | 78.43% | +880 bps | |
| Deposit Growth (YoY) | 21.48% | 33.17% | 34.82% | 44.67% | 47.22% | 51.23% | 52.86% | 57.39% | +1,272 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 | 0.70% | 0.64% | 0.33% | 0.25% | 0.50% | 0.46% | 0.38% | 0.38% | +13 bps | |
| Allowance / Loans | 1.04% | 1.10% | 1.08% | 1.07% | 1.08% | 1.09% | 1.10% | 1.23% | +16 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 | 12.36% | 11.43% | 8.98% | 10.89% | 10.89% | 12.47% | 10.25% | 11.02% | +13 bps | |
| Equity / Assets | 14.07% | 12.36% | 10.97% | 12.57% | 13.03% | 13.63% | 11.66% | 11.34% | -123 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 65.16% | 65.61% | 68.65% | 78.81% | 83.05% | 85.13% | 92.56% | 89.35% | +1,054 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.02% | +202 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |