Fayetteville, NC · Cert 22238
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.
Fayetteville, NC · Cert 22238
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 | 0.85% | 0.86% | 0.85% | -1.77% | 0.10% | -1.10% | -1.76% | -1.48% | +29 bps | |
| Return on Equity | 10.51% | 10.92% | 10.62% | -22.85% | 1.51% | -17.65% | -29.95% | -25.92% | -307 bps | |
| Net Interest Margin | 4.61% | 4.47% | 4.25% | 3.91% | 2.23% | 1.70% | 1.52% | 1.29% | -262 bps | |
| Efficiency Ratio | 63.45% | 61.40% | 59.15% | 66.31% | 104.99% | 137.02% | 162.50% | 147.80% | +8,149 bps | |
| Non-Interest Burden | 2.81% | 2.61% | 2.37% | 2.98% | 2.39% | 2.53% | 2.88% | 2.44% | -54 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 47.53% | 46.27% | 37.40% | 28.43% | 27.64% | 20.68% | 17.78% | 8.05% | -2,038 bps | |
| Loan Growth (YoY) | 54.44% | 45.96% | 42.60% | 28.61% | 15.96% | 8.55% | -4.87% | -12.42% | -4,103 bps | |
| Deposit Growth (YoY) | 70.63% | 61.60% | 38.19% | 25.02% | 24.10% | 21.73% | 26.15% | 12.05% | -1,297 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 | 0.04% | 0.17% | 0.33% | 1.12% | 1.74% | 2.08% | 3.19% | 3.46% | +234 bps | |
| Allowance / Loans | 1.27% | 1.39% | 1.40% | 4.47% | 3.85% | 3.98% | 3.98% | 3.77% | -70 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 | 10.37% | 10.25% | 10.46% | 8.79% | 8.84% | 7.93% | 5.75% | 5.79% | -300 bps | |
| Equity / Assets | 7.99% | 7.58% | 8.28% | 6.88% | 6.53% | 5.45% | 4.79% | 4.99% | -189 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 89.69% | 88.46% | 97.59% | 90.17% | 83.81% | 78.88% | 73.59% | 70.47% | -1,969 bps | |
| Liquid Assets / Assets | 0.09% | 0.25% | 0.35% | 2.75% | 8.01% | 0.16% | 9.83% | 10.30% | +755 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |