PackageTrendsPeer
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Park Meridian Bank

Charlotte, NC · Cert 33480

FDIC

Q4 2001

$286.5MAssets
$259.4MLoans
$216.7MDeposits
$23.5MEquity
Loan mix
73%RE $82.4M27%C&I $30.5M0%Consumer $0.1MQ4 2000Q4 2001
Deposit mix
93%Interest-bearing $201.1M7%Noninterest $15.5MQ4 2000Q4 2001

NIM

8.40%Q1 ’017.25%Q3 ’010.76%Q4 ’01-22%-86%

Non-interest income vs. expense

1.81%Q1 ’011.68%Q3 ’010.18%Q4 ’01-27%-89%

Executive Summary

  • Earnings: ROA of 0.12%, down 83 bps year over year; NIM at 0.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 119.72% of deposits as of Q4 2001.

Financial Results

Return on Assets (YTD, annualized)

0.12%-83 bps YoY

Net Interest Margin (YTD, annualized)

0.35%

Efficiency Ratio (YTD, annualized)

45.67%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets0.95%1.07%1.00%0.82%0.12%-83 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/a3.22%2.63%2.52%0.35%n/a
Efficiency Ration/a53.13%50.95%55.76%45.67%n/a
Non-Interest Burdenn/a1.63%1.01%1.19%0.13%n/a
Growth
Asset Growth (YoY)25.04%14.34%11.57%12.91%0.48%-2,457 bps
Loan Growth (YoY)31.07%22.44%20.13%26.96%32.11%+104 bps
Deposit Growth (YoY)24.06%24.13%12.29%14.57%9.82%-1,424 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.02%0.10%0.06%0.00%n/a
Allowance / Loansn/a1.38%1.30%1.29%1.31%n/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capitaln/a13.01%11.02%10.78%10.63%n/a
Equity / Assetsn/a8.24%8.02%7.97%8.21%n/a
Liquidity & Funding
Loans / Deposits99.52%103.65%107.95%109.87%119.72%+2,020 bps
Liquid Assets / Assets0.00%0.75%1.10%0.89%0.56%+56 bps
CRE / Total Capitaln/an/an/an/an/an/an/a