Myrtle Beach, SC · Cert 34242
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.
Myrtle Beach, SC · Cert 34242
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 | 0.52% | 0.42% | -0.45% | -2.81% | -2.78% | -4.62% | -4.46% | -11.68% | -887 bps | |
| Return on Equity | 5.99% | 4.87% | -5.23% | -36.35% | -37.83% | -68.00% | -70.47% | -417% | -38,057 bps | |
| Net Interest Margin | 3.26% | 3.17% | 3.07% | 2.16% | 2.08% | 2.23% | 2.41% | 1.75% | -41 bps | |
| Efficiency Ratio | 72.25% | 74.44% | 77.80% | 83.21% | 101.27% | 99.20% | 104.80% | 170.19% | +8,699 bps | |
| Non-Interest Burden | 2.14% | 2.15% | 2.22% | 1.57% | 2.13% | 2.20% | 2.58% | 3.20% | +163 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 14.52% | 17.56% | 10.67% | 14.33% | 4.49% | -2.32% | -8.47% | -17.79% | -3,212 bps | |
| Loan Growth (YoY) | 22.42% | 18.45% | 9.50% | 6.88% | -0.19% | -5.74% | -9.99% | -17.40% | -2,428 bps | |
| Deposit Growth (YoY) | 15.16% | 20.14% | 13.60% | 19.79% | 7.02% | 1.98% | -3.48% | -13.07% | -3,286 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 | 0.22% | 0.37% | 1.57% | 5.16% | 3.76% | 4.39% | 4.98% | 11.12% | +596 bps | |
| Allowance / Loans | 1.37% | 1.37% | 1.55% | 1.69% | 2.33% | 2.84% | 3.40% | 4.05% | +237 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 | 12.10% | 12.23% | 11.86% | 10.81% | 9.55% | 7.80% | 6.71% | 3.08% | -773 bps | |
| Equity / Assets | 8.32% | 8.60% | 8.44% | 7.08% | 6.62% | 4.98% | 4.21% | 1.37% | -572 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 103.91% | 103.36% | 104.44% | 96.08% | 96.90% | 95.53% | 97.40% | 91.30% | -478 bps | |
| Liquid Assets / Assets | 0.41% | 0.19% | 0.17% | 0.11% | 0.06% | 1.99% | 0.99% | 7.02% | +691 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |