Ponte Vedra Beach, FL · Cert 57653
FDIC
Q4 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2008, the quarter ended December 31, 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.
Ponte Vedra Beach, FL · Cert 57653
FDIC
Q4 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 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.31% | -0.73% | -0.02% | -0.09% | -1.33% | -1.03% | -0.77% | -6.22% | -612 bps | |
| Return on Equity | -2.84% | -6.57% | -0.17% | -0.70% | -7.96% | -6.11% | -4.68% | -40.51% | -3,981 bps | |
| Net Interest Margin | 2.38% | 2.41% | 0.27% | 0.77% | 2.17% | 1.98% | 1.98% | 1.89% | +111 bps | |
| Efficiency Ratio | 112.67% | 123.73% | 106.00% | 114.93% | 174.97% | 163.46% | 146.85% | 150.25% | +3,532 bps | |
| Non-Interest Burden | 2.69% | 3.00% | 0.28% | 0.90% | 3.84% | 3.29% | 2.94% | 7.06% | +616 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 28.12% | 19.43% | 17.09% | -0.04% | 34.37% | 41.12% | 61.56% | 45.60% | +4,564 bps | |
| Loan Growth (YoY) | 12.78% | 16.67% | 8.06% | 4.40% | 77.30% | 64.10% | 70.34% | 66.65% | +6,225 bps | |
| Deposit Growth (YoY) | 31.58% | 19.24% | 5.59% | -14.11% | 25.51% | 43.77% | 81.27% | 88.95% | +10,306 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% | 0.38% | +38 bps | |
| Allowance / Loans | 1.31% | 1.31% | 1.25% | 1.25% | 1.44% | 1.47% | 1.48% | 2.37% | +112 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 | 16.96% | 16.88% | 13.28% | 13.40% | 14.43% | 13.83% | 13.10% | 12.59% | -81 bps | |
| Equity / Assets | 10.54% | 11.21% | 17.20% | 16.85% | 16.54% | 17.13% | 15.28% | 11.43% | -542 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 77.32% | 93.40% | 105.83% | 111.85% | 109.24% | 106.61% | 99.45% | 98.65% | -1,320 bps | |
| Liquid Assets / Assets | 1.83% | 0.03% | 0.01% | 0.03% | 1.76% | 0.24% | 1.27% | 1.02% | +99 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |