Abbeville, SC · Cert 26964
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.
Abbeville, SC · Cert 26964
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 | 1.25% | 1.35% | 1.41% | 1.37% | 1.33% | 1.32% | 1.34% | 1.42% | +6 bps | |
| Return on Equity | 13.08% | 13.82% | 14.25% | 13.59% | 12.71% | 12.58% | 12.71% | 13.43% | -16 bps | |
| Net Interest Margin | 3.62% | 3.87% | 3.85% | 3.85% | 3.59% | 3.63% | 3.56% | 3.58% | -27 bps | |
| Efficiency Ratio | 60.05% | 57.82% | 56.76% | 58.37% | 62.78% | 62.17% | 61.79% | 61.52% | +315 bps | |
| Non-Interest Burden | 1.93% | 1.89% | 1.81% | 1.86% | 1.92% | 1.91% | 1.82% | 1.79% | -7 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 7.58% | -0.25% | 5.05% | 0.55% | -0.29% | 3.74% | 1.92% | 3.71% | +317 bps | |
| Loan Growth (YoY) | 0.42% | 3.24% | 5.70% | 5.47% | 4.14% | 2.93% | 0.63% | 1.13% | -434 bps | |
| Deposit Growth (YoY) | 1.21% | -0.94% | 4.51% | 4.91% | 3.34% | 4.74% | 0.80% | -1.58% | -650 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 | 0.18% | 0.19% | 0.19% | 0.19% | -0.04% | -0.01% | 0.04% | 0.08% | -11 bps | |
| Allowance / Loans | 1.01% | 0.99% | 0.97% | 1.01% | 1.04% | 1.01% | 0.97% | 1.10% | +9 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 | 17.14% | 16.79% | 16.75% | 17.14% | 16.79% | 16.76% | 17.38% | 17.43% | +29 bps | |
| Equity / Assets | 9.52% | 10.20% | 10.27% | 10.67% | 10.19% | 10.73% | 10.70% | 10.64% | -3 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 69.78% | 72.89% | 72.49% | 72.09% | 70.32% | 71.63% | 72.36% | 74.07% | +199 bps | |
| Liquid Assets / Assets | 11.62% | 12.40% | 12.10% | 12.15% | 11.29% | 11.35% | 10.96% | 11.65% | -50 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |