Redwood City, CA · Cert 22984
FDIC
Q4 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2003, the quarter ended December 31, 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.
Redwood City, CA · Cert 22984
FDIC
Q4 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 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.95% | 1.32% | 1.56% | 1.41% | 0.53% | 0.75% | 0.89% | 1.08% | -33 bps | |
| Return on Equity | 16.98% | 24.01% | 27.64% | 24.57% | 8.48% | 11.93% | 14.08% | 16.63% | -794 bps | |
| Net Interest Margin | 4.29% | 4.23% | 4.05% | 4.29% | 3.50% | 3.70% | 3.58% | 3.77% | -52 bps | |
| Efficiency Ratio | 41.44% | 40.06% | 37.19% | 37.93% | 37.55% | 43.30% | 46.27% | 46.11% | +817 bps | |
| Non-Interest Burden | 1.43% | 1.37% | 1.12% | 1.23% | 0.80% | 1.25% | 1.37% | 1.44% | +21 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 59.03% | 38.57% | 8.62% | 9.78% | 1.51% | -3.61% | -1.29% | -15.71% | -2,549 bps | |
| Loan Growth (YoY) | 2.26% | 6.82% | 11.05% | 12.40% | 12.31% | -0.18% | -12.92% | -28.78% | -4,118 bps | |
| Deposit Growth (YoY) | 16.39% | 6.84% | 6.34% | 8.22% | 0.99% | -1.65% | -14.35% | -18.21% | -2,644 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 | 0.12% | 0.81% | 0.79% | 0.58% | 1.89% | 1.64% | 1.77% | 1.93% | +135 bps | |
| Allowance / Loans | 3.26% | 2.75% | 2.67% | 3.30% | 3.93% | 4.19% | 4.18% | 4.65% | +135 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 | 11.23% | 11.07% | 11.51% | 12.26% | 12.72% | 12.92% | 13.66% | 16.61% | +434 bps | |
| Equity / Assets | 5.23% | 5.26% | 6.07% | 6.08% | 6.39% | 6.32% | 6.38% | 7.33% | +125 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 70.42% | 73.23% | 74.14% | 78.63% | 78.32% | 74.32% | 75.38% | 68.47% | -1,016 bps | |
| Liquid Assets / Assets | 0.03% | 0.04% | 0.03% | 0.06% | 0.07% | 0.00% | 0.05% | 0.03% | -3 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |