Heber City, UT · Cert 35484
FDIC
Q3 2005
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2005, the quarter ended September 30, 2005, 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.
Heber City, UT · Cert 35484
FDIC
Q3 2005
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 | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | Q4 2004 | Q1 2005 | Q2 2005 | Q3 2005 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.72% | 1.05% | 0.87% | 0.79% | 0.85% | 1.28% | 1.10% | 0.82% | +2 bps | |
| Return on Equity | 7.36% | 11.50% | 9.48% | 8.75% | 9.62% | 15.51% | 13.23% | 10.18% | +142 bps | |
| Net Interest Margin | 4.43% | 4.91% | 4.65% | 4.46% | 4.25% | 4.80% | 5.03% | 4.56% | +10 bps | |
| Efficiency Ratio | 71.68% | 68.13% | 71.34% | 72.70% | 71.21% | 60.32% | 65.89% | 73.25% | +55 bps | |
| Non-Interest Burden | 2.96% | 3.12% | 3.13% | 3.10% | 2.89% | 2.78% | 3.22% | 3.28% | +18 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 24.95% | 22.65% | 13.33% | 15.85% | 24.13% | 22.01% | 19.18% | 36.03% | +2,017 bps | |
| Loan Growth (YoY) | 19.07% | 12.30% | -1.36% | -3.29% | 21.57% | 17.69% | 11.49% | 19.93% | +2,322 bps | |
| Deposit Growth (YoY) | 38.60% | 24.44% | 11.32% | 16.16% | 13.01% | 23.43% | 22.37% | 31.20% | +1,504 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% | 0.01% | 0.05% | 0.04% | 0.00% | 0.00% | 0.00% | -5 bps | |
| Allowance / Loans | 1.91% | 1.86% | 2.01% | 2.06% | 1.79% | 1.76% | 1.96% | 1.86% | -20 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 | 13.92% | 13.56% | 13.68% | 13.32% | 11.46% | 11.46% | 12.45% | 11.90% | -142 bps | |
| Equity / Assets | 9.26% | 9.08% | 9.05% | 8.87% | 8.21% | 8.28% | 8.52% | 7.26% | -161 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 80.05% | 79.13% | 76.46% | 72.33% | 86.11% | 75.45% | 69.66% | 66.12% | -621 bps | |
| Liquid Assets / Assets | 27.37% | 26.02% | 28.30% | 31.34% | 28.52% | 28.19% | 24.95% | 36.07% | +473 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |