Elizabeth City, NC · Cert 34861
FDIC
Q1 2009
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2009, the quarter ended March 31, 2009, 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.
Elizabeth City, NC · Cert 34861
FDIC
Q1 2009
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 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | Q1 2009 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.81% | 0.93% | 0.86% | 0.51% | 0.50% | -2.05% | -2.18% | 1.14% | +64 bps | |
| Return on Equity | 7.57% | 8.60% | 7.81% | 4.49% | 4.40% | -18.67% | -19.52% | 9.58% | +509 bps | |
| Net Interest Margin | 3.15% | 2.93% | 2.92% | 2.80% | 2.73% | 2.76% | 2.78% | 3.43% | +63 bps | |
| Efficiency Ratio | 64.59% | 63.00% | 64.33% | 73.56% | 72.33% | 72.91% | 79.56% | 53.42% | -2,015 bps | |
| Non-Interest Burden | 1.70% | 1.50% | 1.58% | 1.85% | 1.76% | 1.82% | 2.08% | 1.51% | -34 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 64.07% | 53.85% | 55.17% | 50.96% | 21.78% | 31.46% | 18.93% | 11.30% | -3,966 bps | |
| Loan Growth (YoY) | 58.87% | 57.21% | 53.15% | 50.98% | 29.43% | 30.87% | 19.81% | 12.79% | -3,819 bps | |
| Deposit Growth (YoY) | 68.83% | 61.49% | 52.72% | 59.57% | 13.92% | 36.33% | 18.08% | 6.13% | -5,345 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 | 0.11% | 0.07% | 0.07% | 0.03% | 0.11% | 0.13% | 0.57% | 0.02% | -1 bps | |
| Allowance / Loans | 0.99% | 1.00% | 1.01% | 1.03% | 1.04% | 1.24% | 2.30% | 2.32% | +129 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 | 10.51% | 10.92% | 11.19% | 10.35% | 11.01% | 11.17% | 10.05% | 10.62% | +27 bps | |
| Equity / Assets | 10.91% | 11.14% | 11.50% | 11.11% | 11.31% | 10.12% | 11.78% | 12.12% | +101 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 95.25% | 104.04% | 107.78% | 105.04% | 108.22% | 99.88% | 109.36% | 111.63% | +659 bps | |
| Liquid Assets / Assets | 2.03% | 0.20% | 0.06% | 0.14% | 0.03% | 0.02% | 0.01% | 0.00% | -14 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |