Modesto, CA · Cert 34651
FDIC
Q3 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2003, the quarter ended September 30, 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.
Modesto, CA · Cert 34651
FDIC
Q3 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 | Q4 2001 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.56% | 1.21% | 1.24% | 1.28% | 1.29% | 1.18% | 1.27% | 1.38% | +10 bps | |
| Return on Equity | n/a | 15.04% | 15.71% | 16.59% | 17.12% | 16.92% | 18.00% | 19.36% | +277 bps | |
| Net Interest Margin | 4.24% | 4.04% | 3.96% | 3.88% | 3.57% | 3.70% | 3.67% | 3.69% | -20 bps | |
| Efficiency Ratio | 39.38% | 44.02% | 45.32% | 44.95% | 43.56% | 44.82% | 42.96% | 40.58% | -437 bps | |
| Non-Interest Burden | 1.54% | 1.60% | 1.64% | 1.60% | 1.42% | 1.51% | 1.43% | 1.35% | -25 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 30.15% | 22.67% | 34.33% | 35.55% | 34.19% | 34.68% | 28.97% | 18.87% | -1,669 bps | |
| Loan Growth (YoY) | 56.23% | 39.41% | 30.90% | 25.53% | 21.20% | 26.47% | 23.06% | 23.55% | -198 bps | |
| Deposit Growth (YoY) | 26.65% | 18.31% | 36.00% | 37.05% | 37.60% | 37.76% | 31.08% | 19.71% | -1,734 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 | 0.17% | -0.11% | -0.13% | -0.12% | -0.09% | 0.65% | 0.30% | 0.19% | +30 bps | |
| Allowance / Loans | 1.28% | 1.43% | 1.42% | 1.46% | 1.50% | 1.34% | 1.28% | 1.26% | -21 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 | 10.87% | 10.79% | 10.38% | 10.31% | 10.21% | 10.25% | 10.01% | 10.03% | -28 bps | |
| Equity / Assets | 8.11% | 7.99% | 7.67% | 7.21% | 6.90% | 7.09% | 7.16% | 7.31% | +9 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 81.77% | 79.73% | 80.90% | 74.94% | 72.03% | 73.19% | 75.94% | 77.35% | +240 bps | |
| Liquid Assets / Assets | 0.54% | 0.03% | 0.90% | 1.20% | 0.77% | 0.77% | 0.75% | 0.74% | -46 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |