Southaven, MS · Cert 34688
FDIC
Q4 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2008, the quarter ended December 31, 2008, 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.
Southaven, MS · Cert 34688
FDIC
Q4 2008
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 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.94% | 0.77% | 0.65% | 0.59% | 0.20% | 0.21% | 0.23% | -0.14% | -73 bps | |
| Return on Equity | 12.62% | 10.26% | 8.55% | 7.67% | 2.45% | 2.53% | 2.74% | -1.70% | -937 bps | |
| Net Interest Margin | 4.25% | 4.44% | 4.10% | 3.94% | 2.98% | 3.00% | 2.98% | 2.84% | -110 bps | |
| Efficiency Ratio | 65.55% | 69.57% | 73.04% | 73.86% | 70.98% | 80.11% | 82.77% | 87.34% | +1,348 bps | |
| Non-Interest Burden | 2.65% | 2.99% | 2.91% | 2.82% | 2.05% | 2.36% | 2.43% | 2.44% | -38 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -28.72% | -25.76% | -28.33% | -27.30% | -3.79% | -2.97% | 4.35% | 5.51% | +3,281 bps | |
| Loan Growth (YoY) | -23.19% | -21.50% | -26.23% | -24.88% | -3.37% | -3.64% | 1.47% | 1.72% | +2,660 bps | |
| Deposit Growth (YoY) | -29.91% | -28.86% | -31.72% | -30.95% | -4.26% | -3.20% | -3.75% | -7.72% | +2,323 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 | 0.01% | 0.16% | 0.54% | 0.41% | -0.34% | -0.05% | 0.03% | 0.26% | -15 bps | |
| Allowance / Loans | 1.08% | 0.99% | 0.72% | 0.77% | 1.06% | 1.00% | 0.93% | 1.28% | +51 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 | 10.01% | 10.02% | 10.00% | 10.06% | 10.42% | 10.52% | 10.60% | 10.77% | +71 bps | |
| Equity / Assets | 7.30% | 7.69% | 8.03% | 8.20% | 8.39% | 8.37% | 8.18% | 7.87% | -33 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 94.47% | 95.49% | 95.86% | 96.20% | 95.34% | 95.06% | 101.06% | 106.04% | +984 bps | |
| Liquid Assets / Assets | 0.26% | 0.37% | 0.72% | 0.23% | 0.27% | 0.11% | 3.03% | 5.73% | +551 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |