San Jose, CA · Cert 23881
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.
San Jose, CA · Cert 23881
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 | 1.93% | 2.19% | 1.80% | 1.56% | 0.37% | 0.45% | 0.47% | 0.46% | -111 bps | |
| Return on Equity | 26.20% | 28.37% | 22.46% | 18.83% | 3.98% | 4.77% | 4.89% | 4.61% | -1,422 bps | |
| Net Interest Margin | 4.19% | 4.28% | 4.36% | 4.33% | 3.24% | 3.14% | 3.27% | 3.42% | -91 bps | |
| Efficiency Ratio | 31.14% | 29.26% | 27.91% | 27.29% | 59.86% | 65.88% | 70.08% | 71.30% | +4,400 bps | |
| Non-Interest Burden | 1.11% | 0.99% | 0.97% | 0.89% | 1.84% | 1.97% | 2.21% | 2.35% | +146 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 32.35% | 23.41% | 17.92% | -13.46% | -11.52% | -9.84% | -12.08% | -13.58% | -12 bps | |
| Loan Growth (YoY) | -3.69% | -4.10% | -9.37% | -15.07% | -10.75% | -16.60% | -14.51% | -14.73% | +34 bps | |
| Deposit Growth (YoY) | 1.08% | -7.38% | -6.77% | -1.76% | 6.19% | 7.84% | 3.26% | -6.63% | -487 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% | -0.02% | 1.02% | 1.35% | 0.72% | 0.37% | 0.21% | 0.17% | -118 bps | |
| Allowance / Loans | 2.23% | 2.22% | 2.43% | 2.90% | 3.25% | 3.55% | 3.68% | 4.01% | +111 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 | 11.63% | 12.94% | 13.68% | 14.13% | 14.58% | 15.27% | 15.81% | 16.14% | +201 bps | |
| Equity / Assets | 7.42% | 8.43% | 9.07% | 9.55% | 9.23% | 9.75% | 10.23% | 10.79% | +124 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 83.77% | 88.59% | 84.31% | 80.30% | 70.41% | 68.52% | 69.80% | 73.33% | -697 bps | |
| Liquid Assets / Assets | 0.04% | 0.07% | 0.01% | 0.01% | 0.11% | 0.05% | 0.06% | 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 |