Wilmington, DE · Cert 34877
FDIC
Q1 2005
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2005, the quarter ended March 31, 2005, 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.
Wilmington, DE · Cert 34877
FDIC
Q1 2005
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 2003 | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | Q4 2004 | Q1 2005 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.31% | 0.26% | 0.46% | 1.04% | 1.21% | 1.04% | 1.07% | 0.85% | -19 bps | |
| Return on Equity | 4.25% | 3.66% | 6.51% | 15.84% | 19.74% | 18.58% | 18.90% | 14.58% | -126 bps | |
| Net Interest Margin | 3.04% | 2.83% | 2.85% | 3.77% | 3.65% | 3.35% | 3.33% | 3.57% | -20 bps | |
| Efficiency Ratio | 84.98% | 86.38% | 79.92% | 63.22% | 58.98% | 61.49% | 61.59% | 68.23% | +502 bps | |
| Non-Interest Burden | 2.41% | 2.29% | 2.04% | 1.91% | 1.63% | 1.57% | 1.56% | 2.05% | +14 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 36.70% | 33.32% | 31.03% | 39.78% | 26.18% | 72.56% | 29.01% | 17.97% | -2,181 bps | |
| Loan Growth (YoY) | 15.55% | 17.32% | 29.94% | 21.06% | 38.85% | 39.34% | 29.73% | 47.16% | +2,610 bps | |
| Deposit Growth (YoY) | 39.51% | 36.46% | 33.60% | 33.89% | 27.11% | 78.30% | 31.24% | 27.39% | -650 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 | 0.72% | 0.55% | 0.37% | 0.09% | 0.06% | 0.07% | 0.05% | 0.39% | +30 bps | |
| Allowance / Loans | 1.50% | 1.40% | 1.29% | 1.46% | 1.33% | 1.28% | 1.27% | 1.17% | -30 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 | 11.95% | 14.25% | 13.81% | 13.70% | 13.11% | 11.12% | 12.63% | 12.24% | -146 bps | |
| Equity / Assets | 5.38% | 6.65% | 6.97% | 6.17% | 5.45% | 4.43% | 6.03% | 5.62% | -55 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 28.80% | 30.31% | 34.32% | 29.44% | 31.46% | 23.69% | 33.93% | 34.01% | +457 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 20.62% | 18.85% | +1,885 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |