Southern Pines, NC · Cert 35283
FDIC
Q2 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2003, the quarter ended June 30, 2003, 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.
Southern Pines, NC · Cert 35283
FDIC
Q2 2003
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 | Q3 2001 | Q4 2001 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -2.38% | -1.94% | 0.20% | -0.13% | -0.18% | 0.25% | 0.56% | 0.68% | +81 bps | |
| Return on Equity | n/a | n/a | 2.16% | -1.39% | -1.98% | 2.76% | 6.08% | 7.55% | +894 bps | |
| Net Interest Margin | 2.20% | 2.42% | 3.72% | 3.74% | 3.64% | 3.77% | 4.01% | 3.91% | +17 bps | |
| Efficiency Ratio | 163.93% | 140.91% | 87.28% | 90.92% | 86.26% | 81.21% | 82.03% | 78.15% | -1,277 bps | |
| Non-Interest Burden | 3.83% | 3.60% | 3.15% | 3.35% | 3.05% | 2.90% | 3.10% | 2.82% | -52 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 104.75% | 81.00% | 49.04% | 25.96% | 27.56% | 10.17% | 3.09% | 9.34% | -1,662 bps | |
| Loan Growth (YoY) | 88.51% | 79.62% | 92.34% | 70.04% | 45.44% | 17.31% | 10.67% | 8.70% | -6,134 bps | |
| Deposit Growth (YoY) | 209% | 104.10% | 52.11% | 32.24% | 32.85% | 18.50% | 3.08% | 10.67% | -2,156 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 | 0.00% | 0.00% | 0.07% | 0.03% | 0.52% | 0.64% | 0.00% | 0.21% | +18 bps | |
| Allowance / Loans | 1.42% | 1.39% | 1.36% | 1.47% | 1.46% | 1.30% | 1.36% | 1.31% | -16 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 | 16.91% | 13.80% | 12.99% | 11.96% | 11.32% | 12.20% | 11.96% | 11.41% | -55 bps | |
| Equity / Assets | 11.24% | 9.80% | 9.15% | 8.81% | 8.43% | 9.17% | 9.32% | 8.60% | -21 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 90.47% | 104.15% | 99.16% | 103.72% | 99.04% | 103.10% | 106.46% | 101.88% | -185 bps | |
| Liquid Assets / Assets | 0.05% | 0.00% | 0.05% | 0.09% | 0.05% | 0.02% | 0.22% | 0.05% | -4 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |