Mooresville, NC · Cert 29873
FDIC
Q3 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2008, the quarter ended September 30, 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.
Mooresville, NC · Cert 29873
FDIC
Q3 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 | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.25% | 0.11% | 0.22% | 0.25% | 0.31% | 0.22% | 0.19% | 0.22% | -3 bps | |
| Return on Equity | 2.10% | 1.00% | 1.91% | 2.19% | 2.75% | 2.03% | 1.75% | 2.03% | -16 bps | |
| Net Interest Margin | 3.05% | 2.82% | 3.00% | 2.99% | 2.92% | 2.78% | 2.76% | 2.86% | -13 bps | |
| Efficiency Ratio | 88.75% | 95.47% | 89.00% | 86.68% | 81.91% | 87.61% | 89.66% | 88.24% | +156 bps | |
| Non-Interest Burden | 2.69% | 2.68% | 2.66% | 2.57% | 2.36% | 2.42% | 2.46% | 2.51% | -6 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 9.06% | 5.37% | 2.77% | 5.60% | 1.62% | 4.47% | 3.87% | 2.62% | -298 bps | |
| Loan Growth (YoY) | 10.07% | 8.82% | 6.78% | 3.38% | 2.60% | 0.79% | 1.23% | 2.69% | -68 bps | |
| Deposit Growth (YoY) | 6.72% | 6.60% | 3.51% | 6.80% | 6.39% | 5.29% | 4.61% | 0.12% | -668 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 | 0.06% | 0.32% | 0.16% | 0.11% | 0.15% | 0.61% | 0.30% | 0.20% | +8 bps | |
| Allowance / Loans | 0.63% | 0.54% | 0.54% | 0.53% | 0.59% | 0.44% | 0.44% | 0.43% | -11 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 | 18.80% | 18.47% | 18.40% | 18.22% | 18.31% | 18.02% | 17.84% | 15.48% | -274 bps | |
| Equity / Assets | 11.47% | 11.34% | 11.25% | 10.97% | 11.05% | 10.77% | 10.77% | 10.64% | -34 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 103.82% | 100.90% | 100.72% | 98.73% | 100.13% | 96.59% | 97.48% | 101.26% | +254 bps | |
| Liquid Assets / Assets | 7.36% | 7.12% | 7.21% | 8.91% | 7.19% | 6.88% | 6.22% | 8.89% | -2 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |