Richmond, VA · Cert 20450
FDIC
Q3 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2003, the quarter ended September 30, 2003, 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.
Richmond, VA · Cert 20450
FDIC
Q3 2003
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 2001 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.60% | 1.37% | 1.51% | 1.52% | 1.51% | 1.32% | 1.34% | 1.03% | -49 bps | |
| Return on Equity | n/a | 15.32% | 16.34% | 16.02% | 16.19% | 14.65% | 14.52% | 8.04% | -798 bps | |
| Net Interest Margin | 3.97% | 4.58% | 4.65% | 4.71% | 4.62% | 4.45% | 4.42% | 3.42% | -129 bps | |
| Efficiency Ratio | 62.23% | 59.05% | 56.66% | 57.17% | 57.11% | 59.86% | 59.70% | 64.08% | +692 bps | |
| Non-Interest Burden | 2.01% | 2.36% | 2.27% | 2.32% | 2.27% | 2.36% | 2.31% | 2.00% | -32 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 32.10% | 30.16% | 28.66% | 25.58% | -0.50% | 0.99% | 1.31% | 12.00% | -1,358 bps | |
| Loan Growth (YoY) | 16.59% | 17.42% | 19.09% | 13.78% | -4.44% | -5.23% | -10.25% | -8.28% | -2,206 bps | |
| Deposit Growth (YoY) | 25.73% | 26.57% | 26.68% | 24.67% | 1.54% | 3.17% | 3.68% | -1.79% | -2,645 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 | 0.05% | 0.10% | 0.10% | 0.10% | 0.12% | 0.08% | 0.24% | 0.02% | -9 bps | |
| Allowance / Loans | 1.15% | 1.16% | 1.16% | 1.17% | 1.17% | 1.17% | 1.16% | 1.11% | -6 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 | 11.76% | 12.45% | 13.09% | 14.97% | 12.28% | 13.37% | 14.59% | 16.28% | +130 bps | |
| Equity / Assets | 8.81% | 9.09% | 9.84% | 10.11% | 8.94% | 9.12% | 9.62% | 22.49% | +1,238 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 73.45% | 72.75% | 74.89% | 70.19% | 69.13% | 66.82% | 64.83% | 65.55% | -464 bps | |
| Liquid Assets / Assets | 16.47% | 17.76% | 16.69% | 24.01% | 26.30% | 25.54% | 32.84% | 0.04% | -2,397 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |