Salt Lake City, UT · Cert 34166
FDIC
Q3 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 2001 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -1.67% | 0.86% | 0.88% | 1.15% | 1.24% | 3.23% | 0.90%1 | 0.56%1 | -59 bps | |
| Return on Equity | n/a | 13.62% | 13.47% | 16.90% | 16.93% | 33.04% | 8.87% | 5.33% | -1,157 bps | |
| Net Interest Margin | 8.85% | 12.39% | 11.66% | 11.70% | 11.74% | 10.60% | 9.98% | 7.20% | -450 bps | |
| Efficiency Ratio | 35.49% | 29.92% | 30.84% | 29.45% | 27.71% | 23.76% | 24.90% | 31.95% | +250 bps | |
| Non-Interest Burden | 1.26% | 1.82% | 1.72% | 1.54% | 1.26% | 0.96% | 1.12% | 0.90% | -65 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -17.22% | -14.15% | -12.45% | -13.71% | -16.45% | -9.27% | -19.52% | -25.54% | -1,183 bps | |
| Loan Growth (YoY) | 39.05% | 14.75% | -1.99% | -5.86% | -11.57% | -17.28% | -34.65% | -97.16% | -9,130 bps | |
| Deposit Growth (YoY) | -14.49% | -5.44% | -10.38% | -12.53% | -18.77% | -21.93% | -22.55% | -28.24% | -1,571 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 | 10.10% | 15.54% | 16.21% | 16.42% | 16.71% | 18.70% | 72.55% | 1139% | +112,242 bps | |
| Allowance / Loans | 17.42% | 17.98% | 18.07% | 19.01% | 18.89% | 18.53% | 0.58% | 20.45% | +144 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 | 11.93% | 13.52% | 14.57% | 15.92% | 19.75% | 20.50% | 20.79% | 34.16% | +1,824 bps | |
| Equity / Assets | 6.10% | 6.57% | 7.06% | 7.66% | 9.70% | 9.85% | 11.13% | 11.99% | +432 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 58.95% | 60.94% | 60.67% | 61.35% | 64.17% | 64.57% | 51.19% | 2.43% | -5,892 bps | |
| Liquid Assets / Assets | 0.02% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |