Raleigh, NC · Cert 58550
FDIC
Q4 2009
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2009, the quarter ended December 31, 2009, 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 58550
FDIC
Q4 2009
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 2008 | Q2 2008 | Q3 2008 | Q4 2008 | Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -12.55% | -18.57% | -19.02% | -19.94% | -12.59% | -10.07% | -8.52% | -10.76% | +919 bps | |
| Return on Equity | -16.10% | -25.55% | -28.00% | -30.57% | -23.78% | -19.64% | -16.78% | -21.55% | +902 bps | |
| Net Interest Margin | 4.03% | 3.47% | 3.37% | 3.58% | 4.10% | 3.99% | 4.30% | 4.33% | +75 bps | |
| Efficiency Ratio | 387% | 419% | 389% | 414% | 279% | 266% | 236% | 235% | -17,896 bps | |
| Non-Interest Burden | 17.55% | 16.71% | 15.18% | 16.03% | 12.38% | 11.72% | 11.12% | 11.13% | -490 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | n/a | n/a | 45.28% | 17.00% | 3.84% | 1.39% | -8.30% | -8.21% | -2,520 bps | |
| Loan Growth (YoY) | n/a | n/a | 7489% | 392% | 121.55% | 29.67% | -2.98% | -6.88% | -39,862 bps | |
| Deposit Growth (YoY) | n/a | n/a | 2434% | 274% | 78.75% | 42.85% | 4.19% | 8.84% | -26,499 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% | 0.31% | 2.44% | 6.30% | 5.38% | 3.73% | 2.66% | 6.60% | +30 bps | |
| Allowance / Loans | 1.16% | 5.10% | 5.99% | 6.91% | 6.50% | 5.97% | 6.36% | 9.99% | +308 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 | 161.50% | 119.91% | 98.24% | 99.27% | 86.26% | 82.94% | 85.69% | 90.96% | -831 bps | |
| Equity / Assets | 71.77% | 63.18% | 55.42% | 54.66% | 51.25% | 48.02% | 49.23% | 46.16% | -850 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 97.38% | 122.48% | 120.54% | 113.68% | 120.70% | 111.18% | 112.24% | 97.27% | -1,642 bps | |
| Liquid Assets / Assets | 27.91% | 22.51% | 8.76% | 18.94% | 12.76% | 19.61% | 13.10% | 2.64% | -1,630 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |