Boone, NC · Cert 34865
FDIC
Q4 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2003, the quarter ended December 31, 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.
Boone, NC · Cert 34865
FDIC
Q4 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 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.35% | 0.47% | 0.35% | 0.50% | 0.61% | 0.63% | 0.71% | -0.05% | -55 bps | |
| Return on Equity | 3.40% | 4.66% | 3.57% | 5.17% | 6.82% | 7.06% | 7.93% | -0.60% | -577 bps | |
| Net Interest Margin | 3.14% | 3.08% | 3.08% | 3.05% | 3.17% | 3.18% | 3.24% | 3.31% | +26 bps | |
| Efficiency Ratio | 82.20% | 77.57% | 80.06% | 75.51% | 71.28% | 70.63% | 68.72% | 68.29% | -723 bps | |
| Non-Interest Burden | 2.29% | 2.08% | 2.20% | 1.96% | 1.76% | 1.75% | 1.71% | 1.72% | -25 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 43.66% | 40.85% | 32.44% | 29.31% | 19.55% | 15.72% | 10.76% | 3.57% | -2,574 bps | |
| Loan Growth (YoY) | 52.46% | 27.98% | 22.60% | 19.88% | 18.04% | 22.51% | 21.66% | 15.42% | -446 bps | |
| Deposit Growth (YoY) | 47.35% | 43.08% | 38.07% | 34.95% | 21.10% | 17.32% | 12.37% | 4.09% | -3,086 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 | 0.08% | 0.13% | 0.16% | 0.15% | 0.24% | 0.25% | 0.25% | 0.39% | +23 bps | |
| Allowance / Loans | 1.19% | 1.23% | 1.25% | 1.26% | 1.30% | 1.30% | 1.30% | 1.30% | +4 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 | 12.99% | 12.27% | 11.72% | 11.13% | 11.21% | 11.01% | 10.97% | 10.23% | -90 bps | |
| Equity / Assets | 10.09% | 9.77% | 9.16% | 8.71% | 9.07% | 9.00% | 8.93% | 8.30% | -41 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 92.76% | 89.98% | 88.52% | 86.55% | 90.41% | 93.96% | 95.83% | 95.97% | +942 bps | |
| Liquid Assets / Assets | 1.43% | 1.30% | 1.22% | 1.13% | 1.15% | 1.13% | 0.00% | 0.00% | -112 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |