Raleigh, NC · Cert 34452
FDIC
Q1 2011
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2011, the quarter ended March 31, 2011, 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.
Raleigh, NC · Cert 34452
FDIC
Q1 2011
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 2009 | Q3 2009 | Q4 2009 | Q1 2010 | Q2 2010 | Q3 2010 | Q4 2010 | Q1 2011 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.32% | 0.08% | -0.29% | -1.20% | -2.03% | -2.06% | -3.54% | -0.11% | +109 bps | |
| Return on Equity | -3.13% | 0.78% | -2.80% | -12.38% | -21.37% | -22.09% | -40.24% | -1.09% | +1,129 bps | |
| Net Interest Margin | 2.81% | 2.91% | 2.91% | 2.96% | 3.01% | 3.16% | 3.16% | 2.43% | -54 bps | |
| Efficiency Ratio | 81.45% | 76.18% | 77.15% | 81.46% | 79.99% | 82.40% | 86.44% | 104.48% | +2,301 bps | |
| Non-Interest Burden | 2.24% | 2.14% | 2.18% | 2.41% | 2.38% | 2.59% | 2.73% | 2.60% | +18 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.52% | 8.81% | 4.94% | 4.43% | -0.01% | -4.88% | -8.55% | -1.97% | -640 bps | |
| Loan Growth (YoY) | 9.78% | 13.66% | 10.84% | 7.75% | 4.61% | -1.75% | -9.27% | -18.12% | -2,588 bps | |
| Deposit Growth (YoY) | 16.65% | 15.53% | 4.85% | 2.82% | -0.87% | -1.88% | -2.59% | -0.93% | -375 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 | 0.60% | 0.64% | 0.85% | 2.52% | 3.27% | 2.84% | 3.85% | 0.00% | -252 bps | |
| Allowance / Loans | 1.44% | 1.44% | 1.88% | 2.12% | 2.64% | 2.72% | 2.86% | 0.01% | -210 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 | 9.71% | 9.60% | 8.68% | 8.81% | 10.55% | 10.40% | 9.50% | 11.97% | +316 bps | |
| Equity / Assets | 10.07% | 10.26% | 9.73% | 9.59% | 9.13% | 8.76% | 6.64% | 13.21% | +362 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 93.46% | 97.85% | 100.74% | 99.60% | 98.64% | 97.98% | 93.84% | 82.31% | -1,729 bps | |
| Liquid Assets / Assets | 2.74% | 1.05% | 0.51% | 1.98% | 1.43% | 3.21% | 3.36% | 5.86% | +388 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |