China Grove, NC · Cert 32355
FDIC
Q3 2004
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2004, the quarter ended September 30, 2004, 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.
China Grove, NC · Cert 32355
FDIC
Q3 2004
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 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.80% | 0.88% | 0.93% | 0.96% | 0.89% | 0.72% | 0.16% | 0.45% | -51 bps | |
| Return on Equity | 6.58% | 5.28% | 5.63% | 5.76% | 5.28% | 4.40% | 1.05% | 2.94% | -282 bps | |
| Net Interest Margin | 3.32% | 3.62% | 3.54% | 3.58% | 3.51% | 3.10% | 2.99% | 3.02% | -56 bps | |
| Efficiency Ratio | 63.63% | 68.40% | 65.49% | 63.77% | 65.32% | 69.10% | 66.05% | 64.75% | +98 bps | |
| Non-Interest Burden | 1.84% | 2.19% | 1.98% | 1.93% | 1.95% | 1.77% | 1.66% | 1.65% | -27 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 17.20% | 20.68% | 17.09% | 0.92% | 0.54% | 6.52% | 16.49% | 20.80% | +1,988 bps | |
| Loan Growth (YoY) | 7.71% | 10.10% | 6.69% | 5.31% | 2.65% | 13.36% | 24.36% | 25.13% | +1,983 bps | |
| Deposit Growth (YoY) | 6.60% | 10.73% | 6.26% | 0.86% | -0.21% | 0.94% | 10.57% | 17.09% | +1,623 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 | 0.07% | 0.06% | 0.02% | 0.19% | 0.29% | 0.01% | 1.10% | 0.71% | +52 bps | |
| Allowance / Loans | 1.11% | 1.11% | 1.13% | 1.07% | 1.02% | 0.99% | 1.00% | 1.00% | -7 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 | 13.60% | 13.56% | 13.41% | 13.40% | 13.29% | 11.98% | 10.76% | 10.82% | -258 bps | |
| Equity / Assets | 16.75% | 16.40% | 16.65% | 17.16% | 17.17% | 15.85% | 14.45% | 14.40% | -276 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 94.73% | 92.04% | 94.37% | 98.17% | 97.45% | 103.36% | 106.14% | 104.91% | +674 bps | |
| Liquid Assets / Assets | 10.90% | 12.90% | 10.53% | 6.02% | 6.78% | 6.23% | 5.94% | 5.74% | -28 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |