Destin, FL · Cert 32321
FDIC
Q1 2005
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2005, the quarter ended March 31, 2005, 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.
Destin, FL · Cert 32321
FDIC
Q1 2005
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 2003 | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | Q4 2004 | Q1 2005 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.24% | 1.27% | 1.11% | 1.11% | 1.34% | 1.36% | 1.22% | 1.68% | +57 bps | |
| Return on Equity | 16.87% | 17.38% | 15.22% | 14.88% | 18.56% | 18.88% | 17.15% | 25.29% | +1,041 bps | |
| Net Interest Margin | 3.70% | 3.67% | 3.69% | 3.87% | 4.02% | 3.84% | 3.79% | 4.30% | +43 bps | |
| Efficiency Ratio | 57.11% | 55.97% | 58.58% | 58.20% | 52.80% | 50.60% | 55.80% | 43.57% | -1,463 bps | |
| Non-Interest Burden | 1.62% | 1.58% | 1.75% | 1.91% | 1.73% | 1.56% | 1.79% | 1.37% | -55 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 28.41% | 23.37% | 24.37% | 12.62% | 26.90% | 23.77% | 30.41% | 28.13% | +1,551 bps | |
| Loan Growth (YoY) | 32.48% | 23.26% | 27.15% | 24.54% | 28.80% | 36.42% | 43.95% | 47.04% | +2,250 bps | |
| Deposit Growth (YoY) | 29.13% | 23.29% | 26.91% | 9.93% | 24.99% | 20.87% | 17.53% | 23.97% | +1,404 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 | 0.19% | 0.25% | 0.20% | 0.14% | 0.10% | 0.08% | 0.06% | 0.02% | -11 bps | |
| Allowance / Loans | 0.99% | 1.00% | 1.12% | 1.12% | 0.99% | 1.07% | 0.97% | 0.97% | -14 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 | 13.42% | 12.97% | 12.75% | 12.85% | 11.82% | 11.59% | 10.44% | 10.38% | -247 bps | |
| Equity / Assets | 7.55% | 7.14% | 7.38% | 7.51% | 6.88% | 7.14% | 6.71% | 6.58% | -92 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 79.92% | 73.48% | 76.41% | 76.36% | 82.36% | 82.93% | 93.59% | 90.56% | +1,421 bps | |
| Liquid Assets / Assets | 3.38% | 9.35% | 4.30% | 7.34% | 5.57% | 5.06% | 4.08% | 4.43% | -291 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |