Provo, UT · Cert 21987
FDIC
Q1 2007
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2007, the quarter ended March 31, 2007, 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.
Provo, UT · Cert 21987
FDIC
Q1 2007
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 | Q2 2005 | Q3 2005 | Q4 2005 | Q1 2006 | Q2 2006 | Q3 2006 | Q4 2006 | Q1 2007 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.92% | 2.07% | 2.13% | 2.59% | 2.66% | 2.86% | 2.83% | 0.84% | -175 bps | |
| Return on Equity | 16.25% | 17.40% | 17.93% | 21.09% | 21.18% | 22.30% | 21.74% | 6.63% | -1,446 bps | |
| Net Interest Margin | 6.72% | 6.94% | 6.89% | 7.62% | 7.70% | 7.74% | 6.81% | 8.26% | +64 bps | |
| Efficiency Ratio | 55.01% | 53.10% | 52.07% | 49.39% | 47.64% | 47.60% | 49.34% | 67.49% | +1,810 bps | |
| Non-Interest Burden | 3.20% | 3.11% | 3.01% | 2.84% | 2.80% | 2.81% | 2.63% | 5.03% | +219 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 5.24% | 9.42% | 8.19% | 2.98% | 6.91% | 3.76% | 6.52% | 10.42% | +743 bps | |
| Loan Growth (YoY) | 34.88% | 20.19% | 11.45% | 9.89% | 13.60% | 10.02% | 15.53% | 12.14% | +225 bps | |
| Deposit Growth (YoY) | 4.00% | 8.71% | 14.05% | 7.47% | 5.85% | 1.85% | 3.26% | 12.18% | +471 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 | 0.09% | 0.04% | 0.18% | -0.06% | 0.06% | 0.05% | 0.21% | 0.15% | +21 bps | |
| Allowance / Loans | 1.47% | 1.66% | 1.70% | 1.82% | 1.93% | 1.99% | 1.70% | 2.19% | +37 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 | 14.53% | 14.61% | 14.23% | 14.64% | 15.21% | 15.74% | 15.77% | 13.43% | -121 bps | |
| Equity / Assets | 12.32% | 12.07% | 11.87% | 12.71% | 13.10% | 13.50% | 13.86% | 11.59% | -112 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 86.86% | 84.46% | 85.27% | 92.80% | 93.23% | 91.23% | 95.40% | 92.76% | -4 bps | |
| Liquid Assets / Assets | 0.18% | 0.16% | 0.31% | 0.08% | 0.08% | 0.13% | 0.12% | 0.09% | +1 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |