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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

7.10%Q3 ’016.21%Q3 ’025.40%Q3 ’03+1%-5%

Non-interest income vs. expense

3.54%Q3 ’012.86%Q3 ’024.57%Q3 ’03-34%+107%

Executive Summary

  • Earnings: ROA of -0.04%, down 166 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 90.45% of deposits as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

-0.04%-166 bps YoY

Net Interest Margin (quarter, annualized)

3.92%-22 bps YoY

Efficiency Ratio (quarter, annualized)

102.21%+4,574 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.62%1.11%1.14%1.10%-0.04%-166 bps
Return on Equity23.92%16.70%17.11%16.19%-0.63%-2,456 bps
Net Interest Margin4.15%3.96%3.87%3.96%3.92%-22 bps
Efficiency Ratio56.47%59.95%61.42%64.25%102.21%+4,574 bps
Non-Interest Burden1.94%2.11%2.14%2.28%4.02%+208 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-0.19%0.34%0.18%0.06%0.01%+20 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