Raleigh, NC · Cert 58386
FDIC
Q1 2014
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2014, the quarter ended March 31, 2014, 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.
Raleigh, NC · Cert 58386
FDIC
Q1 2014
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 2012 | Q3 2012 | Q4 2012 | Q1 2013 | Q2 2013 | Q3 2013 | Q4 2013 | Q1 2014 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.83% | 0.90% | 0.84% | 6.97% | 3.93% | 3.06% | 2.51% | 0.20% | -677 bps | |
| Return on Equity | 6.57% | 7.10% | 6.66% | 58.38% | 33.39% | 25.98% | 21.35% | 1.70% | -5,668 bps | |
| Net Interest Margin | 3.69% | 3.71% | 3.73% | 4.04% | 3.75% | 3.85% | 3.88% | 3.78% | -27 bps | |
| Efficiency Ratio | 57.07% | 56.80% | 59.36% | 30.28% | 37.85% | 41.03% | 43.78% | 82.58% | +5,230 bps | |
| Non-Interest Burden | 2.09% | 2.08% | 2.21% | -3.09% | -0.30% | 0.47% | 0.91% | 3.11% | +620 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 17.23% | 5.66% | 10.24% | 64.36% | 58.39% | 60.87% | 60.21% | 2.90% | -6,147 bps | |
| Loan Growth (YoY) | 20.38% | 15.33% | 16.54% | 84.85% | 79.28% | 76.20% | 73.45% | 4.16% | -8,069 bps | |
| Deposit Growth (YoY) | 29.25% | 15.22% | 15.88% | 78.03% | 59.04% | 59.51% | 59.35% | -4.48% | -8,251 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 | 0.98% | 0.81% | 0.72% | -0.04% | 0.23% | 0.19% | 0.21% | -0.01% | +3 bps | |
| Allowance / Loans | 2.44% | 2.35% | 2.16% | 1.35% | 1.24% | 1.21% | 1.12% | 1.12% | -23 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 | 18.05% | 18.15% | 17.56% | 14.76% | 14.55% | 15.01% | 15.27% | 15.49% | +73 bps | |
| Equity / Assets | 12.27% | 12.74% | 12.62% | 11.50% | 11.47% | 11.75% | 11.82% | 11.87% | +37 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 93.35% | 94.02% | 97.97% | 100.38% | 105.23% | 103.85% | 106.64% | 109.46% | +908 bps | |
| Liquid Assets / Assets | 7.49% | 7.80% | 7.94% | 5.31% | 5.03% | 5.25% | 4.93% | 4.73% | -58 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |