Morgan Hill, CA · Cert 35300
FDIC
Q4 2002
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2002, the quarter ended December 31, 2002, 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.
Morgan Hill, CA · Cert 35300
FDIC
Q4 2002
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 | Q1 2001 | Q2 2001 | Q3 2001 | Q4 2001 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.25% | 0.05% | -0.12% | -0.11% | -0.27% | -0.19% | -0.10% | 0.04%1 | +15 bps | |
| Return on Equity | n/a | n/a | n/a | n/a | -2.74% | -1.91% | -1.01% | 0.35% | n/a | |
| Net Interest Margin | 4.84% | 4.25% | 3.70% | 3.38% | 3.40% | 3.62% | 3.67% | 3.77% | +39 bps | |
| Efficiency Ratio | 79.84% | 90.86% | 97.17% | 96.90% | 104.95% | 100.76% | 97.28% | 91.48% | -542 bps | |
| Non-Interest Burden | 3.84% | 3.85% | 3.60% | 3.27% | 3.62% | 3.70% | 3.61% | 3.48% | +21 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 86.86% | 45.21% | 42.33% | 36.53% | 34.20% | 12.22% | 11.61% | 9.36% | -2,717 bps | |
| Loan Growth (YoY) | 60.36% | 27.05% | 41.15% | 23.20% | 21.14% | 23.10% | -2.34% | 14.75% | -845 bps | |
| Deposit Growth (YoY) | 125.27% | 59.03% | 48.43% | 42.93% | 40.23% | 14.63% | 13.52% | 8.67% | -3,425 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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 1.51% | 1.54% | 1.43% | 1.45% | 1.54% | 1.58% | 1.84% | 1.60% | +15 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 | 15.31% | 14.81% | 13.31% | 13.02% | 12.52% | 12.60% | 12.97% | 11.57% | -144 bps | |
| Equity / Assets | 12.99% | 11.80% | 10.53% | 10.54% | 9.46% | 10.41% | 9.45% | 9.79% | -75 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 88.60% | 80.92% | 82.33% | 86.25% | 76.54% | 86.90% | 70.82% | 91.07% | +482 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |