Wilmington, NC · Cert 27837
FDIC
Q1 2009
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2009, the quarter ended March 31, 2009, 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.
Wilmington, NC · Cert 27837
FDIC
Q1 2009
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 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | Q1 2009 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.06% | 1.05% | 1.01% | 0.42% | 0.18% | -1.09% | -4.55% | 0.49% | +7 bps | |
| Return on Equity | 12.41% | 12.29% | 11.77% | 4.93% | 2.20% | -13.46% | -63.20% | 13.24% | +830 bps | |
| Net Interest Margin | 3.43% | 3.33% | 3.25% | 2.78% | 2.69% | 2.67% | 2.56% | 2.08% | -70 bps | |
| Efficiency Ratio | 55.90% | 56.06% | 56.67% | 71.08% | 72.13% | 74.34% | 77.41% | 76.66% | +558 bps | |
| Non-Interest Burden | 1.66% | 1.63% | 1.61% | 1.84% | 1.82% | 1.89% | 2.45% | 1.43% | -41 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 7.77% | 9.37% | 7.76% | 10.86% | 9.17% | 6.56% | 2.61% | 0.84% | -1,002 bps | |
| Loan Growth (YoY) | 8.43% | 9.71% | 7.57% | 10.14% | 9.11% | 8.32% | 7.82% | 0.02% | -1,012 bps | |
| Deposit Growth (YoY) | 9.04% | 9.16% | 8.01% | 9.54% | 5.96% | 0.28% | -2.67% | 5.37% | -416 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 | 0.02% | 0.04% | 0.08% | 0.10% | 0.15% | 0.19% | 0.98% | 4.11% | +401 bps | |
| Allowance / Loans | 1.05% | 1.07% | 1.07% | 1.11% | 1.32% | 1.70% | 4.08% | 3.48% | +237 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 | 11.19% | 10.68% | 10.78% | 10.55% | 10.45% | 8.99% | 5.70% | 6.06% | -450 bps | |
| Equity / Assets | 8.60% | 8.55% | 8.69% | 8.36% | 8.11% | 7.18% | 3.67% | 3.73% | -463 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 115.07% | 115.20% | 115.14% | 116.32% | 118.48% | 124.44% | 127.56% | 110.41% | -591 bps | |
| Liquid Assets / Assets | 0.86% | 1.11% | 0.91% | 0.86% | 0.77% | 0.58% | 0.39% | 5.68% | +482 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |