PackageTrendsPeer
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Sequoiabank

Bethesda, MD · Cert 27454

FDIC

Q3 2003

$532.1MAssets
$359.1MLoans
$397.0MDeposits
$36.8MEquity
Loan mix
51%RE $98.6M48%C&I $92.8M1%Consumer $2.0MQ3 2002Q3 2003
Deposit mix
75%Interest-bearing $296.6M25%Noninterest $100.4MQ3 2002Q3 2003

NIM

6.85%Q3 ’015.56%Q3 ’025.54%Q3 ’03-6%+9%

Non-interest income vs. expense

3.54%Q3 ’012.73%Q3 ’023.46%Q3 ’03-32%+38%

Executive Summary

  • Earnings: ROA of 0.74%, down 41 bps year over year; NIM at 3.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 90.45% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

0.74%-41 bps YoY

Net Interest Margin (YTD, annualized)

3.93%+33 bps YoY

Efficiency Ratio (YTD, annualized)

75.70%+1,214 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.14%1.14%1.14%1.13%0.74%-41 bps
Return on Equity16.23%16.39%17.11%16.61%10.82%-540 bps
Net Interest Margin3.61%3.55%3.87%3.89%3.93%+33 bps
Efficiency Ratio63.56%62.57%61.42%62.88%75.70%+1,214 bps
Non-Interest Burden2.04%1.98%2.14%2.19%2.82%+78 bps
Growth
Asset Growth (YoY)54.25%39.70%33.99%20.15%3.31%-5,094 bps
Loan Growth (YoY)34.21%27.87%36.53%24.40%19.74%-1,447 bps
Deposit Growth (YoY)60.81%44.09%33.19%18.63%2.18%-5,863 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.20%-0.06%0.18%0.12%0.08%+28 bps
Allowance / Loans1.31%1.16%1.10%1.07%1.08%-24 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital10.62%10.33%10.24%10.28%10.08%-54 bps
Equity / Assets6.58%6.71%6.62%7.01%6.92%+34 bps
Liquidity & Funding
Loans / Deposits77.18%80.12%84.31%85.98%90.45%+1,326 bps
Liquid Assets / Assets2.90%3.62%3.55%3.94%4.18%+127 bps
CRE / Total Capitaln/an/an/an/an/an/an/a