Jacksonville, FL · Cert 58356
FDIC
Q3 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2008, the quarter ended September 30, 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.
Jacksonville, FL · Cert 58356
FDIC
Q3 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 | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.48% | -3.41% | -4.15% | -3.67% | -3.47% | -2.17% | -2.18% | -2.20% | +146 bps | |
| Return on Equity | n/a | -7.31% | -9.06% | -8.37% | -8.69% | -5.14% | -4.66% | -4.73% | +364 bps | |
| Net Interest Margin | 0.46% | 2.36% | 2.81% | 2.75% | 2.66% | 2.93% | 3.12% | 2.63% | -12 bps | |
| Efficiency Ratio | 430% | 320% | 298% | 264% | 240% | 207% | 224% | 207% | -5,727 bps | |
| Non-Interest Burden | 1.99% | 7.57% | 8.46% | 7.32% | 6.42% | 6.07% | 6.91% | 5.40% | -192 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | n/a | n/a | n/a | n/a | 45.27% | -43.60% | -31.60% | -20.31% | n/a | |
| Loan Growth (YoY) | n/a | n/a | n/a | n/a | 3957% | 125.58% | -46.71% | -17.83% | n/a | |
| Deposit Growth (YoY) | n/a | n/a | n/a | n/a | 90.43% | -78.64% | -51.60% | -37.96% | n/a | |
| 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 | 1.28% | 1.24% | 1.25% | 1.24% | 1.25% | 1.25% | 1.41% | 1.32% | +9 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 | 172.34% | 132.75% | 54.23% | 43.20% | 26.71% | 129.68% | 100.64% | 58.26% | +1,506 bps | |
| Equity / Assets | 45.73% | 47.44% | 44.29% | 38.51% | 29.02% | 77.91% | 60.80% | 45.69% | +717 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 5.71% | 17.35% | 90.75% | 96.61% | 121.70% | 183.25% | 99.92% | 127.96% | +3,135 bps | |
| Liquid Assets / Assets | 66.30% | 62.12% | 21.77% | 19.48% | 2.01% | 0.40% | 0.33% | 11.00% | -848 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |