Visalia, CA · Cert 33341
FDIC
Q2 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2003, the quarter ended June 30, 2003, 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.
Visalia, CA · Cert 33341
FDIC
Q2 2003
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 | Q3 2001 | Q4 2001 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.87% | 0.97% | 1.34% | 1.22% | 1.31% | 1.29% | 1.05% | 0.98% | -24 bps | |
| Return on Equity | n/a | n/a | 18.34% | 16.44% | 17.51% | 17.03% | 13.42% | 12.41% | -402 bps | |
| Net Interest Margin | 5.14% | 5.16% | 6.03% | 5.98% | 6.01% | 5.85% | 5.86% | 5.70% | -29 bps | |
| Efficiency Ratio | 74.52% | 73.14% | 67.08% | 70.63% | 69.55% | 70.23% | 75.25% | 76.74% | +611 bps | |
| Non-Interest Burden | 3.62% | 3.49% | 3.59% | 3.87% | 3.80% | 3.75% | 4.07% | 4.09% | +21 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 30.92% | 24.64% | 19.23% | 19.03% | 10.44% | 7.88% | 13.33% | 13.77% | -526 bps | |
| Loan Growth (YoY) | 38.97% | 38.71% | 33.91% | 24.05% | 18.86% | 11.47% | 16.83% | 14.35% | -971 bps | |
| Deposit Growth (YoY) | 31.19% | 19.30% | 17.01% | 12.72% | 2.91% | 6.25% | 11.96% | 17.59% | +487 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 | 0.03% | 0.02% | 0.09% | 0.05% | 0.03% | 0.04% | 0.08% | 0.05% | +1 bps | |
| Allowance / Loans | 0.90% | 0.92% | 0.97% | 0.98% | 0.97% | 0.99% | 0.98% | 1.00% | +3 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 | 9.92% | 9.57% | 10.34% | 10.37% | 10.39% | 10.67% | 10.55% | 10.85% | +49 bps | |
| Equity / Assets | 7.11% | 7.21% | 7.41% | 7.68% | 7.61% | 7.92% | 7.77% | 7.93% | +25 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 80.66% | 89.02% | 85.57% | 91.82% | 93.15% | 93.40% | 89.29% | 89.28% | -253 bps | |
| Liquid Assets / Assets | 3.26% | 7.72% | 7.60% | 7.11% | 5.78% | 5.28% | 4.32% | 3.65% | -346 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |