Salt Lake City, UT · Cert 34536
FDIC
Q1 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2003, the quarter ended March 31, 2003, 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.
Salt Lake City, UT · Cert 34536
FDIC
Q1 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 | Q2 2001 | Q3 2001 | Q4 2001 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 3.07% | 3.41% | 3.11% | 4.94% | 4.33% | 4.03% | 3.67% | 1.42% | -351 bps | |
| Return on Equity | n/a | n/a | n/a | 44.27% | 40.34% | 37.93% | 34.58% | 12.38% | -3,190 bps | |
| Net Interest Margin | 11.06% | 10.25% | 9.46% | 10.73% | 10.10% | 9.60% | 9.26% | 7.58% | -315 bps | |
| Efficiency Ratio | 31.15% | 28.69% | 28.96% | 29.11% | 27.30% | 26.55% | 26.69% | 35.85% | +674 bps | |
| Non-Interest Burden | 0.54% | 0.14% | -1.05% | 0.28% | -0.35% | -0.51% | -0.82% | 0.15% | -13 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 71.87% | 26.78% | 6.78% | 15.60% | -0.65% | -1.50% | 13.06% | -1.77% | -1,737 bps | |
| Loan Growth (YoY) | 160.06% | 38.97% | 20.11% | 9.12% | -3.09% | -3.21% | -10.20% | -9.64% | -1,876 bps | |
| Deposit Growth (YoY) | 29.17% | 29.53% | -4.03% | 8.78% | 14.54% | 5.50% | 29.19% | 21.24% | +1,246 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 | 5.91% | 5.65% | 6.20% | 5.29% | 4.60% | 3.97% | 4.91% | 5.52% | +23 bps | |
| Allowance / Loans | 3.63% | 3.49% | 4.36% | 3.89% | 3.32% | 3.31% | 4.49% | 4.82% | +93 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 | 11.09% | 11.10% | 11.96% | 12.83% | 10.84% | 11.46% | 14.33% | 15.67% | +284 bps | |
| Equity / Assets | 9.90% | 9.92% | 10.99% | 11.31% | 9.92% | 10.31% | 10.63% | 12.52% | +120 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 147.09% | 137.66% | 136.70% | 127.62% | 124.45% | 126.30% | 95.02% | 95.11% | -3,251 bps | |
| Liquid Assets / Assets | 1.07% | 0.81% | 0.62% | 1.54% | 0.01% | 2.37% | 0.13% | 0.16% | -138 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |