Malvern, PA · Cert 34924
FDIC
Q1 2004
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2004, the quarter ended March 31, 2004, 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.
Malvern, PA · Cert 34924
FDIC
Q1 2004
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 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -1.13% | -0.77% | -0.53% | 0.13% | 0.14% | 0.16% | 0.22% | 0.66% | +53 bps | |
| Return on Equity | -12.44% | -8.67% | -6.15% | 1.66% | 1.79% | 2.01% | 2.86% | 8.12% | +645 bps | |
| Net Interest Margin | 2.55% | 2.67% | 2.59% | 2.96% | 3.00% | 2.92% | 2.85% | 3.04% | +9 bps | |
| Efficiency Ratio | 122.47% | 114.57% | 107.46% | 89.37% | 91.10% | 91.49% | 90.93% | 90.85% | +148 bps | |
| Non-Interest Burden | 3.20% | 3.11% | 2.81% | 2.61% | 2.69% | 2.61% | 2.52% | 2.64% | +3 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 16.05% | 16.84% | 19.43% | 17.41% | 3.44% | 12.67% | 5.13% | 5.85% | -1,156 bps | |
| Loan Growth (YoY) | 35.50% | 35.42% | 33.34% | 37.17% | 23.25% | 14.62% | 8.57% | 2.40% | -3,477 bps | |
| Deposit Growth (YoY) | 16.75% | 17.46% | 16.90% | 22.32% | 8.38% | 8.98% | 9.94% | 3.77% | -1,855 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 | 0.07% | 0.04% | 0.04% | 0.30% | 0.15% | 0.10% | 0.08% | 0.00% | -30 bps | |
| Allowance / Loans | 1.14% | 1.10% | 1.06% | 1.00% | 1.07% | 1.08% | 1.07% | 1.10% | +10 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 | 11.71% | 11.71% | 10.99% | 10.63% | 11.23% | 10.78% | 10.76% | 11.42% | +79 bps | |
| Equity / Assets | 8.45% | 8.37% | 7.81% | 7.79% | 8.35% | 7.56% | 7.54% | 8.65% | +86 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 85.58% | 93.54% | 100.70% | 98.30% | 97.32% | 98.38% | 99.45% | 97.01% | -130 bps | |
| Liquid Assets / Assets | 14.00% | 15.40% | 15.62% | 14.43% | 2.25% | 2.44% | 2.06% | 4.03% | -1,039 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |