Monroe, NC · Cert 34868
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.
Monroe, NC · Cert 34868
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 | 1.06% | 1.11% | 1.07% | 0.82% | 0.61% | -0.40% | -0.46% | -1.25% | -208 bps | |
| Return on Equity | 10.01% | 10.32% | 10.01% | 7.90% | 5.90% | -3.97% | -4.60% | -12.64% | -2,055 bps | |
| Net Interest Margin | 3.97% | 3.93% | 3.93% | 3.42% | 3.18% | 3.13% | 2.94% | 2.34% | -108 bps | |
| Efficiency Ratio | 58.66% | 58.12% | 58.14% | 61.24% | 67.49% | 75.12% | 77.37% | 108.30% | +4,706 bps | |
| Non-Interest Burden | 2.11% | 2.05% | 2.04% | 1.82% | 1.98% | 2.23% | 2.17% | 2.59% | +78 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 9.75% | 2.59% | 2.23% | 7.10% | 4.64% | 9.06% | 5.58% | 3.01% | -408 bps | |
| Loan Growth (YoY) | 6.79% | 1.41% | 6.08% | 7.92% | 8.25% | 12.81% | 8.79% | 6.84% | -108 bps | |
| Deposit Growth (YoY) | 11.51% | 0.14% | -1.61% | 2.85% | 1.08% | 8.56% | 6.09% | 5.19% | +234 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 | 0.26% | 0.29% | 0.23% | 0.07% | 0.03% | 0.19% | 0.38% | 0.30% | +23 bps | |
| Allowance / Loans | 1.45% | 1.44% | 1.46% | 1.51% | 1.55% | 1.74% | 2.13% | 2.56% | +106 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 | 12.15% | 12.79% | 11.42% | 11.23% | 11.16% | 10.55% | 10.95% | 10.52% | -71 bps | |
| Equity / Assets | 10.59% | 11.26% | 10.43% | 10.36% | 10.18% | 9.43% | 10.09% | 9.76% | -60 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 91.12% | 92.77% | 96.09% | 96.58% | 97.58% | 96.40% | 98.54% | 98.10% | +152 bps | |
| Liquid Assets / Assets | 0.38% | 0.53% | 0.54% | 0.47% | 0.48% | 0.47% | 0.50% | 0.55% | +8 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |