Statesville, NC · Cert 34437
FDIC
Q2 2002
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2002, the quarter ended June 30, 2002, 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.
Statesville, NC · Cert 34437
FDIC
Q2 2002
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 | Q3 2000 | Q4 2000 | Q1 2001 | Q2 2001 | Q3 2001 | Q4 2001 | Q1 2002 | Q2 2002 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.82% | 0.68% | 0.42% | 0.43% | 0.41% | 0.40% | 0.38% | 0.51% | +8 bps | |
| Return on Equity | n/a | n/a | n/a | n/a | n/a | n/a | 6.05% | 8.05% | n/a | |
| Net Interest Margin | n/a | n/a | 3.45% | 3.12% | 2.69% | 2.50% | 2.64% | 2.87% | -25 bps | |
| Efficiency Ratio | n/a | n/a | 77.61% | 75.64% | 73.44% | 74.45% | 79.63% | 73.09% | -254 bps | |
| Non-Interest Burden | n/a | n/a | 2.49% | 2.15% | 1.79% | 1.67% | 1.94% | 1.88% | -27 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 42.47% | 46.94% | 55.70% | 68.60% | 65.32% | 55.93% | 42.12% | 22.23% | -4,637 bps | |
| Loan Growth (YoY) | 51.76% | 57.88% | 72.88% | 65.99% | 59.75% | 42.13% | 28.53% | 22.58% | -4,341 bps | |
| Deposit Growth (YoY) | 34.63% | 32.64% | 51.91% | 74.81% | 77.86% | 79.70% | 50.67% | 18.40% | -5,641 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 | n/a | n/a | 0.00% | 0.36% | 0.30% | 0.34% | 0.00% | 0.06% | -30 bps | |
| Allowance / Loans | n/a | n/a | 1.27% | 1.20% | 1.27% | 1.26% | 1.27% | 1.33% | +14 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 | n/a | n/a | 10.86% | 9.96% | 9.26% | 8.98% | 9.07% | 9.26% | -70 bps | |
| Equity / Assets | n/a | n/a | 8.28% | 7.12% | 6.72% | 6.15% | 6.29% | 6.72% | -40 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 85.54% | 94.06% | 91.02% | 79.17% | 76.83% | 74.40% | 77.64% | 81.96% | +279 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.37% | 1.32% | 1.11% | 0.87% | 0.33% | 0.31% | -100 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |