Des Moines, IA · Cert 4448
FDIC
Q4 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2003, the quarter ended December 31, 2003, 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.
Des Moines, IA · Cert 4448
FDIC
Q4 2003
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 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.39% | 1.52% | 1.74% | 1.67% | 0.82% | 0.80% | 0.88% | 0.92% | -75 bps | |
| Return on Equity | 16.55% | 17.13% | 19.43% | 19.09% | 10.55% | 10.31% | 10.99% | 11.07% | -802 bps | |
| Net Interest Margin | 3.62% | 3.76% | 3.62% | 3.18% | 2.66% | 2.58% | 2.46% | 2.91% | -27 bps | |
| Efficiency Ratio | 74.11% | 74.13% | 73.90% | 74.02% | 82.85% | 83.79% | 83.03% | 83.45% | +943 bps | |
| Non-Interest Burden | 1.22% | 1.09% | 0.92% | 0.76% | 1.06% | 1.09% | 0.93% | 1.07% | +31 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -15.82% | -16.03% | -7.86% | 1.18% | 12.74% | 20.72% | -8.14% | -23.53% | -2,471 bps | |
| Loan Growth (YoY) | -17.39% | -28.06% | -28.46% | -25.50% | -21.19% | -9.51% | -16.02% | -20.53% | +497 bps | |
| Deposit Growth (YoY) | -1.00% | -3.00% | 13.68% | 10.50% | 29.05% | 29.47% | -6.29% | -23.77% | -3,427 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 | 0.46% | 0.50% | 0.41% | 0.35% | 0.64% | 0.46% | 0.37% | 0.31% | -4 bps | |
| Allowance / Loans | 1.30% | 1.54% | 1.64% | 1.71% | 1.70% | 1.78% | 1.92% | 2.12% | +40 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 | 12.80% | 15.71% | 15.64% | 14.47% | 14.04% | 14.52% | 16.43% | 17.58% | +311 bps | |
| Equity / Assets | 8.94% | 9.97% | 9.17% | 7.90% | 7.59% | 7.72% | 9.08% | 9.79% | +188 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 60.39% | 50.09% | 44.13% | 37.33% | 36.88% | 35.01% | 39.55% | 38.92% | +159 bps | |
| Liquid Assets / Assets | 2.00% | 2.73% | 3.11% | 13.21% | 12.53% | 14.23% | 18.15% | 21.23% | +802 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |