Charlotte, NC · Cert 34700
FDIC
Q3 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2008, the quarter ended September 30, 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.
Charlotte, NC · Cert 34700
FDIC
Q3 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 | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.68% | 0.58% | 0.56% | 0.55% | 0.05% | 0.41% | 0.42% | 0.41% | -14 bps | |
| Return on Equity | 8.85% | 6.33% | 6.02% | 5.92% | 0.46% | 2.11% | 2.21% | 2.18% | -374 bps | |
| Net Interest Margin | 3.09% | 3.26% | 3.39% | 3.36% | 0.33% | 2.95% | 3.06% | 2.98% | -38 bps | |
| Efficiency Ratio | 70.41% | 77.70% | 76.98% | 77.14% | 71.65% | 77.94% | 74.54% | 71.44% | -570 bps | |
| Non-Interest Burden | 2.06% | 2.46% | 2.53% | 2.51% | 0.23% | 2.29% | 2.25% | 2.09% | -42 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 14.57% | 10.46% | -0.10% | 0.21% | 20.25% | 27.39% | 35.15% | 36.74% | +3,653 bps | |
| Loan Growth (YoY) | 15.71% | 11.23% | 3.32% | 4.38% | 11.52% | 18.20% | 28.99% | 33.32% | +2,894 bps | |
| Deposit Growth (YoY) | 19.78% | 10.57% | -1.51% | -1.83% | 4.49% | 2.79% | 5.46% | 17.06% | +1,889 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 | 0.00% | 0.27% | 0.17% | 0.11% | 0.00% | 0.00% | 0.00% | 0.08% | -3 bps | |
| Allowance / Loans | 1.17% | 1.12% | 1.13% | 1.14% | 1.16% | 1.16% | 1.30% | 1.39% | +25 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 | 12.57% | 11.96% | 12.61% | 12.43% | 10.62% | 10.60% | 10.31% | 10.80% | -164 bps | |
| Equity / Assets | 9.05% | 9.35% | 9.37% | 9.40% | 19.79% | 18.91% | 18.33% | 18.21% | +882 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 86.25% | 87.72% | 93.39% | 91.74% | 92.06% | 100.87% | 114.22% | 104.49% | +1,275 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.21% | 0.01% | 0.02% | +2 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |