Port Richey, FL · Cert 35344
FDIC
Q1 2014
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2014, the quarter ended March 31, 2014, 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.
Port Richey, FL · Cert 35344
FDIC
Q1 2014
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 2012 | Q3 2012 | Q4 2012 | Q1 2013 | Q2 2013 | Q3 2013 | Q4 2013 | Q1 2014 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.22% | -0.70% | -0.48% | 1.10% | 0.67% | 0.50% | 0.50% | 0.46% | -64 bps | |
| Return on Equity | -0.96% | -3.14% | -2.16% | 5.01% | 3.06% | 2.30% | 2.28% | 2.07% | -294 bps | |
| Net Interest Margin | 3.62% | 3.66% | 3.64% | 3.45% | 3.48% | 3.59% | 3.53% | 3.21% | -24 bps | |
| Efficiency Ratio | 85.59% | 85.80% | 86.51% | 73.63% | 81.60% | 80.40% | 80.08% | 77.61% | +398 bps | |
| Non-Interest Burden | 3.08% | 3.12% | 3.11% | 2.21% | 2.67% | 2.74% | 2.68% | 2.29% | +7 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -3.07% | -1.58% | -0.88% | 2.94% | 2.43% | 0.68% | 1.41% | -1.28% | -423 bps | |
| Loan Growth (YoY) | 15.94% | 7.79% | 1.61% | -1.47% | -3.69% | 3.04% | 5.87% | 6.72% | +818 bps | |
| Deposit Growth (YoY) | -5.10% | -1.67% | -0.48% | 3.83% | 4.26% | 0.39% | 1.37% | -2.23% | -606 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 | 0.55% | 0.36% | 0.98% | 0.10% | 0.37% | 0.39% | 0.43% | 0.33% | +23 bps | |
| Allowance / Loans | 2.49% | 3.60% | 3.07% | 2.91% | 2.73% | 2.68% | 2.55% | 2.53% | -37 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 | 18.24% | 17.94% | 18.02% | 18.31% | 18.68% | 18.30% | 18.69% | 18.49% | +18 bps | |
| Equity / Assets | 22.40% | 21.82% | 22.60% | 21.21% | 21.80% | 22.03% | 22.72% | 21.77% | +56 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 98.89% | 95.18% | 96.29% | 87.40% | 91.35% | 97.70% | 100.57% | 95.40% | +800 bps | |
| Liquid Assets / Assets | 0.12% | 0.46% | 0.11% | 0.66% | 1.22% | 1.62% | 0.29% | 0.49% | -17 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |