Wilmington, DE · Cert 33931
FDIC
Q4 2009
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2009, the quarter ended December 31, 2009, 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.
Wilmington, DE · Cert 33931
FDIC
Q4 2009
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 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.95% | -2.49% | -0.44% | 0.00% | -1.31% | 0.09% | 0.43% | 0.88% | +88 bps | |
| Return on Equity | 9.47% | -24.50% | -4.47% | 0.00% | -10.66% | 0.71% | 3.14% | 6.12% | +612 bps | |
| Net Interest Margin | 1.69% | 1.77% | 1.61% | 0.00% | 2.87% | 2.81% | 3.21% | 3.27% | +327 bps | |
| Efficiency Ratio | 26.66% | 27.31% | 29.88% | n/a | 18.06% | 22.41% | 21.56% | 20.36% | n/a | |
| Non-Interest Burden | -0.11% | -0.07% | -0.05% | 0.00% | 0.24% | 0.41% | 0.44% | 0.40% | +40 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 66.65% | 32.70% | 60.82% | 13.16% | 3.55% | 13.57% | -16.32% | -24.55% | -3,770 bps | |
| Loan Growth (YoY) | 19.54% | 33.36% | 31.04% | 17.20% | 11.08% | -5.93% | -11.40% | -1.64% | -1,884 bps | |
| Deposit Growth (YoY) | 82.69% | 60.09% | 77.25% | 10.43% | -0.46% | 9.17% | -30.14% | -40.64% | -5,107 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 | 0.35% | 0.30% | 1.27% | 0.00% | 2.24% | 2.52% | 2.41% | 2.19% | +219 bps | |
| Allowance / Loans | 1.43% | 5.14% | 2.57% | 3.53% | 4.73% | 4.06% | 3.77% | 2.82% | -71 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 | 17.07% | 16.02% | 15.78% | 16.17% | 15.61% | 16.76% | 18.89% | 21.21% | +503 bps | |
| Equity / Assets | 10.08% | 10.52% | 9.28% | 11.96% | 12.70% | 14.46% | 16.14% | 17.66% | +570 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 69.96% | 94.60% | 78.34% | 68.76% | 78.07% | 81.51% | 99.36% | 113.93% | +4,517 bps | |
| Liquid Assets / Assets | 31.84% | 9.73% | 12.05% | 21.53% | 23.83% | 10.57% | 0.07% | 0.07% | -2,146 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |