Florence, SC · Cert 34687
FDIC
Q2 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2003, the quarter ended June 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.
Florence, SC · Cert 34687
FDIC
Q2 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 | Q3 2001 | Q4 2001 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.29% | 0.19% | 0.69% | 0.82% | 0.75% | 0.62% | 0.62% | 0.89% | +7 bps | |
| Return on Equity | n/a | n/a | 7.59% | 8.46% | 7.51% | 6.17% | 6.08% | 8.77% | +31 bps | |
| Net Interest Margin | 3.42% | 3.67% | 4.32% | 4.56% | 4.58% | 4.54% | 4.31% | 4.19% | -37 bps | |
| Efficiency Ratio | 74.73% | 75.93% | 76.94% | 75.44% | 77.72% | 75.89% | 75.34% | 74.09% | -135 bps | |
| Non-Interest Burden | 2.25% | 2.46% | 2.99% | 3.08% | 3.22% | 3.06% | 2.64% | 2.45% | -64 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 14.30% | 13.07% | 3.59% | -0.38% | -6.06% | 5.52% | 8.99% | 11.79% | +1,217 bps | |
| Loan Growth (YoY) | 12.12% | 11.75% | -3.51% | -1.81% | -5.11% | 14.97% | 13.98% | 10.00% | +1,181 bps | |
| Deposit Growth (YoY) | 14.13% | 7.38% | -0.63% | -5.33% | -2.23% | 6.73% | 12.09% | 16.78% | +2,211 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 | 0.78% | 1.09% | 0.22% | 0.10% | 0.13% | 0.39% | 0.62% | 0.46% | +35 bps | |
| Allowance / Loans | 1.27% | 1.28% | 1.38% | 1.37% | 1.39% | 1.32% | 1.48% | 1.39% | +3 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 | 11.35% | 11.73% | 15.33% | 15.21% | 14.72% | 13.85% | 15.08% | 15.48% | +26 bps | |
| Equity / Assets | 7.88% | 7.96% | 10.35% | 10.69% | 11.08% | 10.14% | 10.16% | 10.10% | -58 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 96.80% | 88.67% | 87.72% | 92.97% | 93.95% | 95.51% | 89.20% | 87.58% | -540 bps | |
| Liquid Assets / Assets | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 8.21% | +819 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |