Greenville, SC · Cert 35082
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.
Greenville, SC · Cert 35082
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 | 0.05%1 | 0.08%1 | 0.12%1 | 0.18% | 0.21% | -0.32% | -0.48% | 0.28% | +10 bps | |
| Return on Equity | 0.41% | 0.69% | 1.11% | 2.09% | 2.41% | -3.76% | -5.70% | 3.49% | +140 bps | |
| Net Interest Margin | 3.13% | 3.03% | 2.90% | 3.23% | 3.15% | 3.11% | 3.20% | 3.75% | +51 bps | |
| Efficiency Ratio | 95.14% | 91.81% | 89.81% | 84.25% | 85.59% | 80.32% | 88.92% | 85.48% | +123 bps | |
| Non-Interest Burden | 2.94% | 2.73% | 2.54% | 2.63% | 2.61% | 2.39% | 2.79% | 3.14% | +51 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 30.82% | 27.90% | 34.97% | 46.76% | 34.37% | 26.27% | 14.42% | 9.18% | -3,759 bps | |
| Loan Growth (YoY) | 48.26% | 50.41% | 51.04% | 43.17% | 31.62% | 23.52% | 17.79% | 15.44% | -2,773 bps | |
| Deposit Growth (YoY) | 45.39% | 38.85% | 45.84% | 59.59% | 34.44% | 24.77% | 11.59% | 3.52% | -5,607 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 | 0.01% | 0.01% | 0.07% | 0.76% | 0.35% | 1.82% | 1.30% | -0.02% | -78 bps | |
| Allowance / Loans | 1.25% | 1.25% | 1.25% | 1.10% | 1.11% | 1.02% | 1.33% | 1.35% | +25 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 | 13.29% | 12.33% | 11.56% | 11.31% | 12.45% | 11.55% | 11.10% | 10.95% | -36 bps | |
| Equity / Assets | 10.66% | 9.63% | 8.59% | 8.24% | 8.70% | 8.55% | 8.06% | 7.83% | -41 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 84.20% | 83.87% | 79.86% | 79.20% | 82.44% | 83.02% | 84.29% | 88.32% | +912 bps | |
| Liquid Assets / Assets | 5.98% | 1.16% | 0.69% | 0.63% | 0.28% | 2.80% | 0.19% | 0.22% | -41 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |