Pulaski, VA · Cert 33930
FDIC
Q1 2004
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2004, the quarter ended March 31, 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.
Pulaski, VA · Cert 33930
FDIC
Q1 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 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.83% | 0.80% | 0.68% | 0.08%1 | 0.12% | 0.16% | 0.12% | 0.33% | +25 bps | |
| Return on Equity | 9.02% | 8.57% | 7.32% | 0.90% | 0.87% | 1.02% | 0.73% | 1.75% | +86 bps | |
| Net Interest Margin | 3.64% | 3.51% | 3.47% | 3.14% | 0.55% | 1.44% | 0.78% | 3.26% | +13 bps | |
| Efficiency Ratio | 70.14% | 70.70% | 74.56% | 85.05% | 69.06% | 84.29% | 79.58% | 80.60% | -445 bps | |
| Non-Interest Burden | 2.36% | 2.30% | 2.42% | 2.57% | 0.33% | 1.16% | 0.60% | 2.78% | +21 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 5.59% | 7.03% | 11.35% | 6.50% | 23.41% | 23.14% | 17.20% | 18.77% | +1,228 bps | |
| Loan Growth (YoY) | -0.95% | -2.67% | 5.17% | 24.83% | 26.02% | 25.68% | 17.54% | -1.46% | -2,628 bps | |
| Deposit Growth (YoY) | 4.89% | 7.04% | 12.02% | 6.80% | 8.14% | 5.24% | 1.50% | 5.37% | -143 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 | 0.72% | 0.68% | 0.50% | 0.11% | -0.12% | -0.09% | 0.03% | 0.00% | -11 bps | |
| Allowance / Loans | 1.09% | 1.11% | 1.09% | 1.09% | 1.34% | 1.37% | 1.20% | 1.23% | +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 | 14.09% | 14.52% | 16.42% | 22.79% | 14.06% | 10.65% | 17.78% | 18.24% | -455 bps | |
| Equity / Assets | 8.92% | 9.52% | 9.29% | 9.14% | 20.35% | 21.59% | 19.09% | 18.83% | +969 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 61.49% | 63.10% | 66.64% | 76.75% | 71.66% | 75.35% | 77.16% | 71.78% | -497 bps | |
| Liquid Assets / Assets | 6.58% | 6.82% | 6.47% | 8.58% | 5.14% | 7.94% | 7.71% | 7.72% | -86 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |