Wilmington, NC · Cert 34639
FDIC
Q1 2009
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2009, the quarter ended March 31, 2009, 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.
Wilmington, NC · Cert 34639
FDIC
Q1 2009
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 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | Q1 2009 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.57% | 0.53% | 0.44% | -0.26% | -0.27% | -1.25% | -1.08% | -1.53% | -127 bps | |
| Return on Equity | 6.86% | 6.35% | 5.27% | -3.21% | -3.42% | -16.84% | -14.89% | -24.31% | -2,110 bps | |
| Net Interest Margin | 3.06% | 3.09% | 2.95% | 2.43% | 2.25% | 2.21% | 2.10% | 1.52% | -91 bps | |
| Efficiency Ratio | 76.26% | 78.13% | 76.30% | 100.58% | 104.73% | 108.83% | 106.01% | 179.62% | +7,905 bps | |
| Non-Interest Burden | 2.27% | 2.35% | 2.18% | 2.45% | 2.37% | 2.43% | 2.25% | 2.82% | +37 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 11.09% | 7.20% | 9.32% | 4.89% | 12.39% | 8.23% | 1.98% | 4.78% | -11 bps | |
| Loan Growth (YoY) | 8.22% | 8.75% | 10.85% | 8.86% | 14.17% | 11.30% | 5.35% | 2.60% | -626 bps | |
| Deposit Growth (YoY) | 12.43% | 5.63% | 9.20% | 4.83% | 9.96% | 8.25% | 3.68% | 0.91% | -392 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 | -0.08% | -0.05% | -0.04% | 0.37% | 0.53% | 0.38% | 1.34% | 0.62% | +25 bps | |
| Allowance / Loans | 1.39% | 1.34% | 1.56% | 1.66% | 1.52% | 2.97% | 2.23% | 2.32% | +66 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 | 11.59% | 11.27% | 11.10% | 10.78% | 10.30% | 9.21% | 8.11% | 7.53% | -326 bps | |
| Equity / Assets | 8.30% | 8.28% | 8.18% | 7.98% | 7.36% | 6.23% | 6.61% | 6.02% | -197 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 91.74% | 93.62% | 95.72% | 94.01% | 95.25% | 96.25% | 97.26% | 95.59% | +157 bps | |
| Liquid Assets / Assets | 1.05% | 0.49% | 0.35% | 0.83% | 2.15% | 0.15% | 0.09% | 0.14% | -69 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |