Memphis, TN · Cert 34059
FDIC
Q1 2010
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2010, the quarter ended March 31, 2010, 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 34059
FDIC
Q1 2010
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 2008 | Q3 2008 | Q4 2008 | Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 | Q1 2010 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -11.61% | -10.59% | -15.72% | -0.95% | -1.11% | -2.63% | -2.52% | 0.53% | +147 bps | |
| Return on Equity | -58.67% | -56.35% | -91.76% | -9.65% | -11.33% | -26.25% | -24.67% | 4.57% | +1,422 bps | |
| Net Interest Margin | 2.25% | 2.43% | 2.39% | 3.09% | 3.18% | 3.08% | 3.23% | 3.23% | +14 bps | |
| Efficiency Ratio | 90.06% | 87.37% | 91.65% | 80.55% | 80.36% | 85.31% | 91.58% | 84.52% | +397 bps | |
| Non-Interest Burden | 12.27% | 11.93% | 16.54% | 2.58% | 2.62% | 2.74% | 3.10% | 2.82% | +24 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -3.22% | -2.95% | -15.44% | -23.52% | -18.54% | -17.63% | -18.53% | -14.26% | +926 bps | |
| Loan Growth (YoY) | 4.48% | 3.06% | -9.73% | -10.53% | -13.92% | -23.20% | -26.21% | -26.12% | -1,559 bps | |
| Deposit Growth (YoY) | 0.69% | 12.02% | 6.29% | -8.33% | -4.49% | -7.00% | -19.11% | -8.91% | -58 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 | 0.74% | 2.14% | 3.24% | 0.91% | 1.96% | 4.88% | 4.49% | 1.02% | +11 bps | |
| Allowance / Loans | 2.94% | 2.25% | 2.12% | 2.60% | 2.83% | 2.73% | 2.83% | 2.57% | -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 | 10.63% | 10.52% | 11.26% | 11.64% | 11.00% | 13.99% | 15.33% | 15.75% | +410 bps | |
| Equity / Assets | 17.59% | 15.60% | 9.52% | 10.17% | 9.84% | 10.56% | 11.20% | 11.80% | +163 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 107.71% | 102.61% | 95.09% | 107.35% | 97.07% | 84.73% | 86.74% | 87.08% | -2,028 bps | |
| Liquid Assets / Assets | 0.01% | 0.01% | 0.02% | 0.04% | 0.30% | 0.54% | 0.11% | 0.19% | +14 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |