Venice, FL · Cert 34344
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.
Venice, FL · Cert 34344
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 | 0.56% | 0.62% | 0.69% | 0.80%1 | 0.74%1 | 0.63% | 0.69% | 0.81% | +1 bps | |
| Return on Equity | 9.91% | 10.60% | 11.39% | 12.25% | 11.09% | 9.41% | 10.21% | 11.38% | -87 bps | |
| Net Interest Margin | 3.67% | 3.62% | 3.77% | 3.66% | 3.63% | 3.67% | 3.79% | 4.05% | +38 bps | |
| Efficiency Ratio | 73.49% | 71.71% | 69.86% | 78.63% | 79.05% | 78.10% | 75.58% | 69.39% | -924 bps | |
| Non-Interest Burden | 2.64% | 2.53% | 2.54% | 2.81% | 2.77% | 2.77% | 2.74% | 2.63% | -19 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 54.61% | 40.75% | 23.39% | 6.84% | -0.31% | -4.18% | -0.05% | 5.85% | -99 bps | |
| Loan Growth (YoY) | 27.09% | 18.13% | 17.26% | 12.27% | 19.97% | 17.36% | 16.12% | 13.34% | +108 bps | |
| Deposit Growth (YoY) | 46.86% | 45.41% | 30.89% | 8.80% | 1.87% | -3.65% | -2.22% | 6.57% | -224 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 | 0.02% | 0.04% | 0.12% | 0.01% | 0.06% | 0.07% | 0.24% | 0.05% | +4 bps | |
| Allowance / Loans | 1.20% | 1.26% | 1.19% | 1.24% | 1.15% | 1.23% | 1.09% | 1.15% | -8 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 | 10.15% | 10.54% | 10.77% | 10.61% | 10.13% | 10.10% | 10.46% | 10.99% | +39 bps | |
| Equity / Assets | 6.23% | 6.42% | 6.63% | 6.43% | 6.84% | 6.90% | 7.12% | 7.14% | +71 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 81.59% | 80.49% | 83.74% | 86.47% | 96.09% | 98.04% | 99.45% | 91.97% | +550 bps | |
| Liquid Assets / Assets | 3.38% | 0.02% | 0.08% | 0.11% | 0.05% | 0.02% | 0.02% | 0.01% | -10 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |