Wilmington, NC · Cert 57350
FDIC
Q1 2007
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2007, the quarter ended March 31, 2007, 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.
Wilmington, NC · Cert 57350
FDIC
Q1 2007
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 2005 | Q3 2005 | Q4 2005 | Q1 2006 | Q2 2006 | Q3 2006 | Q4 2006 | Q1 2007 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.67% | 1.64% | 1.45% | 1.28% | 1.40% | 0.47% | 0.67% | 1.24% | -4 bps | |
| Return on Equity | 21.53% | 20.00% | 17.35% | 15.11% | 16.74% | 3.88% | 4.71% | 5.83% | -928 bps | |
| Net Interest Margin | 3.40% | 3.38% | 3.50% | 4.06% | 4.08% | 3.92% | 3.54% | 3.51% | -55 bps | |
| Efficiency Ratio | 47.02% | 44.59% | 47.09% | 35.19% | 38.83% | 76.23% | 66.99% | 36.38% | +119 bps | |
| Non-Interest Burden | 1.57% | 1.47% | 1.61% | 1.39% | 1.55% | 2.97% | 2.37% | 1.28% | -11 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 42.62% | 34.01% | 40.57% | 39.75% | 30.82% | 42.97% | 32.64% | 28.90% | -1,085 bps | |
| Loan Growth (YoY) | 37.49% | 32.99% | 41.12% | 39.70% | 34.74% | 26.20% | 17.58% | 19.70% | -2,000 bps | |
| Deposit Growth (YoY) | 44.42% | 32.42% | 39.83% | 38.81% | 29.67% | 23.97% | 12.48% | 11.20% | -2,762 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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 1.33% | 1.32% | 1.29% | 1.29% | 1.30% | 1.29% | 1.28% | 1.26% | -3 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 | 10.95% | 13.12% | 12.09% | 11.39% | 11.40% | 10.06% | 10.69% | 10.51% | -88 bps | |
| Equity / Assets | 7.33% | 9.39% | 8.94% | 8.08% | 8.08% | 21.13% | 22.12% | 20.47% | +1,239 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 80.47% | 86.05% | 91.45% | 84.91% | 83.62% | 87.60% | 95.59% | 91.41% | +649 bps | |
| Liquid Assets / Assets | 0.19% | 0.19% | 0.18% | 0.11% | 0.11% | 0.10% | 0.10% | 0.07% | -4 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |