Sioux Falls, SD · Cert 26983
FDIC
Q4 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2008, the quarter ended December 31, 2008, 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.
Sioux Falls, SD · Cert 26983
FDIC
Q4 2008
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 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.97% | 3.91% | 4.96% | 3.66% | 3.36% | 1.81% | 1.22% | -2.05% | -571 bps | |
| Return on Equity | 6.57% | 26.42% | 33.54% | 25.10% | 23.82% | 12.85% | 8.84% | -14.61% | -3,970 bps | |
| Net Interest Margin | 13.18% | 14.34% | 13.62% | 12.78% | 15.12% | 14.77% | 14.59% | 14.67% | +189 bps | |
| Efficiency Ratio | 13.59% | 12.35% | 11.73% | 12.67% | 13.85% | 14.72% | 14.75% | 14.98% | +230 bps | |
| Non-Interest Burden | 0.10% | 0.08% | -0.01% | 0.14% | 0.47% | 0.61% | 0.66% | 0.75% | +62 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 46.76% | 38.39% | 39.60% | 38.04% | 37.40% | 30.15% | 20.12% | 11.07% | -2,697 bps | |
| Loan Growth (YoY) | 52.24% | 41.20% | 42.05% | 41.09% | 38.77% | 33.29% | 26.05% | 18.39% | -2,270 bps | |
| Deposit Growth (YoY) | 49.93% | 14.91% | 9.10% | 3.89% | 4.00% | -17.38% | -17.68% | -18.42% | -2,230 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 | 5.67% | 5.51% | 5.00% | 5.05% | 7.83% | 8.28% | 8.13% | 8.91% | +386 bps | |
| Allowance / Loans | 7.32% | 6.76% | 5.68% | 7.01% | 7.38% | 8.33% | 9.20% | 14.06% | +705 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 | 20.73% | 20.77% | 20.04% | 18.68% | 19.10% | 18.67% | 17.86% | 16.21% | -247 bps | |
| Equity / Assets | 14.61% | 14.96% | 14.82% | 13.86% | 14.37% | 13.94% | 13.27% | 14.69% | +83 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 1816% | 1945% | 2185% | 2380% | 2424% | 3137% | 3347% | 3454% | +107,384 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |