PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

New Century Bank

Chicago, IL · Cert 34821

FDIC

Q1 2010

$447.2MAssets
$415.7MLoans
$439.0MDeposits
$4.5MEquity
Loan mix
86%RE $287.4M14%C&I $46.1M0%Consumer $0.0MQ2 2008Q1 2010
Deposit mix
90%Interest-bearing $395.8M10%Noninterest $43.2MQ2 2008Q1 2010

Executive Summary

  • Earnings: ROA of -7.96%, down 776 bps year over year; NIM at 1.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 94.69% of deposits as of Q1 2010.

Return on Assets (YTD, annualized)

-7.96%-776 bps YoY

Net Interest Margin (YTD, annualized)

1.66%-108 bps YoY

Efficiency Ratio (YTD, annualized)

185.91%+9,414 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.44%Q1 ’085.13%Q1 ’093.49%Q1 ’10-9%-39%

Non-interest income vs. expense

3.10%Q1 ’082.77%Q1 ’093.52%Q1 ’10+1%+32%

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.25%0.07%-3.90%-0.20%-1.00%-0.93%-2.49%-7.96%-776 bps
Return on Equity2.68%0.76%-47.77%-3.01%-16.09%-15.72%-47.40%-427%-42,406 bps
Net Interest Margin3.00%2.89%2.52%2.74%2.22%2.47%2.38%1.66%-108 bps
Efficiency Ratio81.85%83.53%97.75%91.77%118.79%108.63%121.16%185.91%+9,414 bps
Non-Interest Burden2.35%2.33%2.45%2.49%2.70%2.71%2.94%3.28%+79 bps
Growth
Asset Growth (YoY)9.81%32.81%3.23%3.58%11.41%-11.27%9.81%-7.31%-1,088 bps
Loan Growth (YoY)15.74%14.74%5.11%7.07%0.61%-5.03%-4.16%-8.28%-1,535 bps
Deposit Growth (YoY)10.49%29.96%7.58%7.92%23.29%-1.03%16.14%-0.48%-840 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.07%1.59%0.03%0.06%0.21%0.59%0.03%0 bps
Allowance / Loans1.27%1.45%3.74%2.59%2.70%4.01%5.67%7.59%+499 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital10.06%10.09%6.61%8.97%7.95%7.18%4.64%2.34%-663 bps
Equity / Assets9.11%7.94%5.33%7.80%5.61%5.01%2.62%1.00%-680 bps
Liquidity & Funding
Loans / Deposits112.68%98.00%104.54%102.74%91.95%94.04%86.26%94.69%-805 bps
Liquid Assets / Assets0.08%0.14%0.15%0.12%0.11%0.12%0.12%0.13%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a