Providence, RI · Cert 58032
FDIC
Q1 2013
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2013, the quarter ended March 31, 2013, 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.
Providence, RI · Cert 58032
FDIC
Q1 2013
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 2011 | Q3 2011 | Q4 2011 | Q1 2012 | Q2 2012 | Q3 2012 | Q4 2012 | Q1 2013 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.01% | 1.09% | 1.11% | 0.79% | 0.93% | 0.96% | 1.00% | 0.94% | +14 bps | |
| Return on Equity | 9.29% | 9.81% | 9.74% | 6.39% | 7.61% | 7.89% | 8.65% | 9.72% | +332 bps | |
| Net Interest Margin | 3.65% | 3.47% | 3.51% | 2.99% | 2.83% | 2.63% | 2.56% | 2.10% | -90 bps | |
| Efficiency Ratio | 11.21% | 11.27% | 11.82% | 35.29% | 26.54% | 23.24% | 21.96% | 17.12% | -1,817 bps | |
| Non-Interest Burden | 0.34% | 0.33% | 0.37% | 0.98% | 0.71% | 0.57% | 0.54% | 0.38% | -61 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -15.40% | -13.13% | -11.84% | -3.99% | 8.97% | 5.82% | 14.76% | 10.66% | +1,464 bps | |
| Loan Growth (YoY) | -28.79% | -28.40% | -24.86% | -16.69% | -8.49% | -11.45% | -21.55% | -21.88% | -519 bps | |
| Deposit Growth (YoY) | 6.90% | 1.38% | 0.57% | 3.52% | 5.95% | 9.85% | 20.13% | 14.81% | +1,130 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 | 2.18% | 2.10% | 1.83% | 1.64% | 1.36% | 1.36% | 1.38% | 0.73% | -91 bps | |
| Allowance / Loans | 1.70% | 1.67% | 1.69% | 1.72% | 1.58% | 1.74% | 1.68% | 1.80% | +8 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 | 27.84% | 28.88% | 28.54% | 30.08% | 29.66% | 33.46% | 31.79% | 34.96% | +489 bps | |
| Equity / Assets | 11.73% | 11.88% | 12.37% | 12.49% | 11.76% | 12.20% | 9.37% | 9.89% | -259 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 94.20% | 87.87% | 86.74% | 78.67% | 81.36% | 70.83% | 56.65% | 53.53% | -2,514 bps | |
| Liquid Assets / Assets | 16.39% | 21.88% | 17.93% | 25.83% | 29.89% | 34.71% | 42.67% | 46.23% | +2,040 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |