Pilot Mountain, NC · Cert 26919
FDIC
Q3 2004
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2004, the quarter ended September 30, 2004, 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.
Pilot Mountain, NC · Cert 26919
FDIC
Q3 2004
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 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.74% | 1.69% | 1.76% | 1.75% | 1.70% | 1.06% | 1.29% | 1.35% | -40 bps | |
| Return on Equity | 18.04% | 16.81% | 17.16% | 16.93% | 16.34% | 5.82% | 6.26% | 6.14% | -1,080 bps | |
| Net Interest Margin | 4.53% | 4.51% | 4.49% | 4.44% | 4.30% | 3.70% | 3.61% | 3.58% | -86 bps | |
| Efficiency Ratio | 48.12% | 50.51% | 48.95% | 48.54% | 49.87% | 59.90% | 53.12% | 50.54% | +200 bps | |
| Non-Interest Burden | 1.66% | 1.81% | 1.70% | 1.65% | 1.65% | 2.13% | 1.72% | 1.58% | -7 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 7.77% | 7.34% | 7.57% | 6.02% | 8.35% | 33.82% | 32.03% | 26.10% | +2,008 bps | |
| Loan Growth (YoY) | 12.36% | 8.40% | 2.47% | 6.20% | 10.63% | 8.81% | 8.71% | 1.65% | -455 bps | |
| Deposit Growth (YoY) | 4.97% | 3.96% | 3.83% | 1.70% | 0.97% | 4.53% | 3.44% | 5.56% | +386 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 | 0.08% | 0.03% | 0.08% | 0.15% | 0.15% | -0.06% | 0.00% | -0.01% | -15 bps | |
| Allowance / Loans | 3.07% | 3.06% | 3.16% | 2.94% | 2.76% | 2.58% | 2.63% | 2.65% | -29 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 | 16.07% | 15.96% | 16.78% | 16.40% | 15.80% | 15.24% | 15.06% | 15.66% | -74 bps | |
| Equity / Assets | 10.10% | 10.05% | 10.56% | 10.61% | 10.62% | 24.39% | 24.82% | 25.86% | +1,525 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 79.30% | 79.46% | 78.61% | 82.75% | 86.89% | 82.72% | 82.62% | 79.68% | -307 bps | |
| Liquid Assets / Assets | 12.42% | 12.83% | 10.78% | 8.36% | 6.67% | 5.22% | 4.70% | 4.64% | -372 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |