Meridian, MS · Cert 35352
FDIC
Q2 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2008, the quarter ended June 30, 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.
Meridian, MS · Cert 35352
FDIC
Q2 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 | Q3 2006 | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.73% | 0.76% | 0.73% | 0.77% | 0.74% | 0.75% | 0.50% | 0.57% | -19 bps | |
| Return on Equity | 10.18% | 10.40% | 9.77% | 10.38% | 9.96% | 9.99% | 6.52% | 7.60% | -278 bps | |
| Net Interest Margin | 3.31% | 3.41% | 3.40% | 3.40% | 3.40% | 3.36% | 3.13% | 3.16% | -24 bps | |
| Efficiency Ratio | 65.59% | 64.33% | 61.97% | 63.36% | 66.11% | 66.65% | 77.25% | 75.26% | +1,190 bps | |
| Non-Interest Burden | 2.06% | 2.06% | 1.85% | 1.95% | 2.07% | 2.08% | 2.33% | 2.27% | +32 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -1.95% | -2.64% | -2.91% | -1.94% | 1.68% | 2.41% | -0.09% | 3.33% | +527 bps | |
| Loan Growth (YoY) | 6.50% | 9.69% | 10.68% | 7.46% | 2.44% | -2.75% | -7.60% | 4.76% | -270 bps | |
| Deposit Growth (YoY) | -1.69% | -3.49% | -0.22% | -2.62% | 1.49% | 3.93% | 0.46% | 4.94% | +755 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 | 0.17% | 0.28% | 0.00% | 0.01% | 0.17% | 0.13% | -0.03% | -0.01% | -2 bps | |
| Allowance / Loans | 1.06% | 0.93% | 1.04% | 1.07% | 1.00% | 1.02% | 1.05% | 0.92% | -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 | 12.47% | 12.19% | 11.30% | 11.23% | 11.67% | 12.07% | 11.49% | 10.52% | -71 bps | |
| Equity / Assets | 7.65% | 7.84% | 7.02% | 7.36% | 7.57% | 7.70% | 7.68% | 7.31% | -5 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 79.45% | 81.50% | 81.34% | 84.34% | 80.19% | 76.26% | 74.81% | 84.20% | -14 bps | |
| Liquid Assets / Assets | 0.11% | 0.10% | 0.11% | 0.11% | 0.12% | 0.29% | 0.12% | 0.12% | +1 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |