Palm Coast, FL · Cert 35108
FDIC
Q1 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2008, the quarter ended March 31, 2008, 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.
Palm Coast, FL · Cert 35108
FDIC
Q1 2008
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 2006 | Q3 2006 | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.52% | 1.51% | 1.54% | 1.30% | 1.33% | 1.33% | 1.27% | 0.51% | -78 bps | |
| Return on Equity | 9.87% | 9.66% | 9.76% | 8.15% | 8.38% | 8.31% | 7.88% | 2.94% | -520 bps | |
| Net Interest Margin | 4.20% | 4.24% | 4.22% | 4.00% | 3.97% | 4.01% | 3.96% | 1.61% | -239 bps | |
| Efficiency Ratio | 42.74% | 42.98% | 42.14% | 45.78% | 45.75% | 45.92% | 48.04% | 52.33% | +655 bps | |
| Non-Interest Burden | 1.76% | 1.78% | 1.73% | 1.79% | 1.77% | 1.76% | 1.81% | 0.75% | -105 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -1.58% | -3.83% | 4.51% | 4.11% | -0.10% | 1.62% | -0.27% | -11.72% | -1,583 bps | |
| Loan Growth (YoY) | 2.74% | 6.41% | 9.70% | 13.60% | 14.91% | 8.72% | 2.69% | -5.01% | -1,861 bps | |
| Deposit Growth (YoY) | -3.01% | -6.75% | -3.31% | 1.09% | -0.79% | 1.96% | 6.49% | -17.30% | -1,839 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 | -0.03% | -0.02% | -0.01% | 0.00% | 0.00% | 0.00% | 0.05% | 0.72% | +72 bps | |
| Allowance / Loans | 1.33% | 1.29% | 1.22% | 1.19% | 1.22% | 1.24% | 1.25% | 0.96% | -23 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 | 12.25% | 12.13% | 11.80% | 11.62% | 12.22% | 12.49% | 12.70% | 12.75% | +113 bps | |
| Equity / Assets | 15.01% | 16.36% | 16.12% | 15.70% | 15.76% | 16.67% | 16.60% | 18.34% | +264 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 74.70% | 84.15% | 93.06% | 90.19% | 86.52% | 89.73% | 89.74% | 103.60% | +1,340 bps | |
| Liquid Assets / Assets | 5.21% | 6.30% | 5.86% | 5.39% | 5.10% | 5.08% | 4.81% | 0.04% | -535 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |