Richmond, VA · Cert 26663
FDIC
Q1 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2003, the quarter ended March 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.
Richmond, VA · Cert 26663
FDIC
Q1 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 | Q2 2001 | Q3 2001 | Q4 2001 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.59% | 0.61% | 0.71% | 0.54% | 0.65% | 0.79% | 0.81% | 0.88% | +34 bps | |
| Return on Equity | n/a | n/a | n/a | 6.80% | 8.91% | 11.36% | 11.89% | 14.89% | +809 bps | |
| Net Interest Margin | 4.26% | 3.72% | 3.38% | 3.75% | 3.56% | 3.67% | 3.49% | 4.24% | +49 bps | |
| Efficiency Ratio | 72.97% | 72.82% | 71.97% | 71.94% | 67.48% | 63.15% | 62.61% | 60.66% | -1,128 bps | |
| Non-Interest Burden | 2.87% | 2.47% | 2.20% | 2.52% | 2.23% | 2.13% | 2.01% | 2.41% | -11 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 52.14% | 29.11% | 36.99% | 37.01% | 40.08% | 54.13% | 53.21% | 52.03% | +1,502 bps | |
| Loan Growth (YoY) | 40.31% | 42.86% | 33.10% | 41.08% | 51.98% | 43.10% | 50.52% | 40.44% | -64 bps | |
| Deposit Growth (YoY) | 52.32% | 26.74% | 33.41% | 29.84% | 38.65% | 47.97% | 42.17% | 43.11% | +1,328 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 | 0.06% | 0.02% | 0.27% | -0.08% | -0.16% | -0.04% | 0.10% | -0.02% | +7 bps | |
| Allowance / Loans | 1.22% | 1.16% | 1.00% | 1.01% | 1.04% | 1.04% | 1.02% | 1.07% | +7 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 | 13.69% | 12.30% | 12.12% | 11.30% | 10.47% | 10.28% | 10.12% | 9.57% | -172 bps | |
| Equity / Assets | 8.20% | 8.48% | 8.39% | 7.52% | 6.41% | 6.17% | 6.17% | 5.69% | -183 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 81.04% | 94.75% | 94.39% | 97.75% | 88.84% | 91.63% | 99.93% | 95.93% | -182 bps | |
| Liquid Assets / Assets | 4.72% | 4.80% | 6.01% | 1.96% | 0.99% | 4.62% | 4.23% | 0.58% | -138 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |