Cedar City, UT · Cert 57962
FDIC
Q3 2010
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2010, the quarter ended September 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.
Cedar City, UT · Cert 57962
FDIC
Q3 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 | Q4 2008 | Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 | Q1 2010 | Q2 2010 | Q3 2010 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.14% | 0.62% | 0.51% | 0.54% | 0.53% | 0.39% | 0.45% | 0.50% | -3 bps | |
| Return on Equity | 0.90% | 3.91% | 3.30% | 3.66% | 3.69% | 2.84% | 3.12% | 3.39% | -27 bps | |
| Net Interest Margin | 5.49% | 6.21% | 5.26% | 5.07% | 5.40% | 4.59% | 4.87% | 5.15% | +9 bps | |
| Efficiency Ratio | 94.99% | 83.72% | 84.65% | 82.79% | 83.23% | 85.31% | 85.33% | 83.98% | +119 bps | |
| Non-Interest Burden | 5.20% | 5.16% | 4.43% | 4.18% | 4.47% | 3.89% | 4.14% | 4.30% | +13 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.08% | 10.75% | 11.50% | 0.89% | 12.36% | -3.60% | -17.92% | -23.09% | -2,398 bps | |
| Loan Growth (YoY) | 13.75% | 15.16% | 14.58% | -7.53% | -10.06% | -21.87% | -22.89% | -14.27% | -674 bps | |
| Deposit Growth (YoY) | 9.69% | 11.59% | 11.96% | 1.68% | 17.27% | -2.05% | -19.02% | -26.69% | -2,837 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 | 0.03% | 0.05% | 0.11% | 0.21% | 0.25% | 0.14% | 0.08% | 0.07% | -14 bps | |
| Allowance / Loans | 0.21% | 0.19% | 0.19% | 0.21% | 0.21% | 0.24% | 0.19% | 0.19% | -2 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 | 22.94% | 21.85% | 20.69% | 19.46% | 21.21% | 23.01% | 25.66% | 24.64% | +519 bps | |
| Equity / Assets | 17.32% | 14.83% | 14.37% | 12.54% | 13.76% | 13.69% | 15.62% | 16.89% | +435 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 79.94% | 67.31% | 69.00% | 60.50% | 61.31% | 53.69% | 65.70% | 70.75% | +1,025 bps | |
| Liquid Assets / Assets | 27.93% | 32.19% | 27.97% | 33.46% | 35.84% | 41.63% | 35.88% | 5.94% | -2,752 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |