Memphis, TN · Cert 33746
FDIC
Q4 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2003, the quarter ended December 31, 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.
Memphis, TN · Cert 33746
FDIC
Q4 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 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 5.76% | 7.53% | 7.92% | 9.24% | 8.22% | +245 bps | |
| Return on Equity | 13.24% | 16.70% | 17.93% | 19.97% | 17.21% | +397 bps | |
| Net Interest Margin | 2.06% | 1.79% | 1.66% | 1.53% | 1.46% | -60 bps | |
| Efficiency Ratio | 91.12% | 87.91% | 88.03% | 87.31% | 88.94% | -218 bps | |
| Non-Interest Burden | -5.03% | -10.16% | -10.56% | -12.42% | -11.51% | -647 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 23.11% | 30.40% | 25.87% | -30.33% | -9.57% | -3,268 bps | |
| Loan Growth (YoY) | 2008% | 605% | 58.17% | -95.77% | -92.04% | -209,986 bps | |
| Deposit Growth (YoY) | 7.59% | 104.19% | 96.52% | -45.28% | -62.64% | -7,023 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 6.08% | 0.00% | 0.00% | 0.00% | 0.00% | -608 bps | |
| Allowance Coverage of NPLs | 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 |
| Total Risk-Based Capital | 126.09% | 119.80% | 124.61% | 146.95% | 152.95% | +2,687 bps | |
| Equity / Assets | 48.29% | 42.36% | 42.46% | 54.38% | 54.70% | +640 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 4.07% | 1.95% | 0.53% | 0.59% | 0.87% | -320 bps | |
| Liquid Assets / Assets | 6.50% | 2.44% | 2.43% | 2.67% | 0.27% | -622 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a |