Santa Cruz, CA · Cert 23681
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.
Santa Cruz, CA · Cert 23681
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 | 1.06% | 1.04% | 1.35% | 1.31% | 0.61% | 0.74% | 0.63% | 0.69% | -61 bps | |
| Return on Equity | 16.34% | 16.63% | 21.88% | 21.01% | 9.49% | 11.34% | 9.61% | 10.66% | -1,034 bps | |
| Net Interest Margin | 4.12% | 4.14% | 3.94% | 3.85% | 3.33% | 3.23% | 3.16% | 3.24% | -61 bps | |
| Efficiency Ratio | 62.61% | 63.13% | 61.05% | 60.61% | 81.76% | 75.96% | 76.46% | 73.19% | +1,258 bps | |
| Non-Interest Burden | 2.29% | 2.38% | 2.12% | 2.04% | 2.67% | 2.35% | 2.32% | 2.26% | +23 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 30.30% | 23.02% | 17.56% | 2.70% | 1.43% | -2.90% | -6.97% | 3.44% | +74 bps | |
| Loan Growth (YoY) | -0.19% | 2.86% | 3.16% | 11.76% | 7.76% | 3.27% | 2.42% | -2.25% | -1,401 bps | |
| Deposit Growth (YoY) | 11.24% | 26.37% | 26.40% | 15.13% | 20.50% | 10.84% | 7.05% | 11.79% | -334 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 | 0.00% | 0.00% | 0.02% | 0.28% | 0.10% | 0.14% | 0.18% | 0.16% | -12 bps | |
| Allowance / Loans | 2.55% | 2.54% | 2.50% | 2.06% | 2.04% | 2.04% | 2.07% | 2.04% | -2 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 | 14.88% | 14.97% | 15.22% | 15.67% | 15.33% | 15.67% | 15.80% | 15.72% | +5 bps | |
| Equity / Assets | 5.61% | 5.86% | 5.95% | 6.42% | 6.42% | 6.80% | 6.53% | 6.40% | -2 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 64.84% | 58.21% | 55.69% | 61.12% | 57.99% | 54.23% | 53.28% | 53.44% | -768 bps | |
| Liquid Assets / Assets | 0.05% | 0.01% | 0.01% | 0.01% | 0.06% | 0.07% | 0.11% | 0.00% | -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 |