Spartanburg, SC · Cert 35383
FDIC
Q2 2010
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2010, the quarter ended June 30, 2010, 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.
Spartanburg, SC · Cert 35383
FDIC
Q2 2010
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 2008 | Q4 2008 | Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 | Q1 2010 | Q2 2010 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.22% | -5.55% | -0.58% | -5.06% | -5.45% | -5.33% | -3.15% | -2.57% | +249 bps | |
| Return on Equity | -1.91% | -51.80% | -7.87% | -77.74% | -93.69% | -102.32% | -140.33% | -121.71% | -4,397 bps | |
| Net Interest Margin | 2.56% | 2.52% | 2.17% | 1.79% | 1.69% | 1.81% | 1.56% | 1.85% | +6 bps | |
| Efficiency Ratio | 79.47% | 87.06% | 81.24% | 109.65% | 133.38% | 135.13% | 146.58% | 139.67% | +3,001 bps | |
| Non-Interest Burden | 1.93% | 5.60% | 1.64% | 2.03% | 2.44% | 2.62% | 2.46% | 2.74% | +71 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 48.72% | 38.20% | -2.16% | -2.99% | -8.13% | -11.61% | -18.06% | -25.88% | -2,290 bps | |
| Loan Growth (YoY) | 50.00% | 43.55% | -4.34% | -12.80% | -19.87% | -24.27% | -26.08% | -24.39% | -1,159 bps | |
| Deposit Growth (YoY) | 37.37% | 33.30% | 3.96% | 8.22% | 5.49% | -1.15% | -12.90% | -24.00% | -3,221 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 | 0.13% | 0.75% | 1.63% | 6.29% | 6.53% | 6.95% | 4.57% | 4.67% | -162 bps | |
| Allowance / Loans | 1.85% | 3.25% | 3.26% | 3.76% | 4.26% | 4.73% | 4.60% | 4.24% | +48 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 | 11.48% | 9.75% | 9.84% | 7.53% | 6.07% | 4.72% | 4.06% | 3.54% | -399 bps | |
| Equity / Assets | 12.10% | 7.52% | 7.24% | 4.78% | 3.63% | 2.45% | 2.03% | 1.82% | -297 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 110.68% | 109.03% | 97.94% | 86.38% | 84.07% | 83.53% | 83.13% | 85.93% | -45 bps | |
| Liquid Assets / Assets | 0.01% | 0.00% | 0.00% | 10.64% | 14.32% | 9.26% | 13.52% | 11.31% | +67 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |