Frederick, MD · Cert 5878
FDIC
Q3 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2003, the quarter ended September 30, 2003, 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.
Frederick, MD · Cert 5878
FDIC
Q3 2003
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 2001 | Q1 2002 | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.89% | 1.73% | 1.76% | 1.76% | 1.78% | 1.57% | 1.61% | 1.49% | -27 bps | |
| Return on Equity | n/a | 13.39% | 13.64% | 13.62% | 13.77% | 12.31% | 12.73% | 13.12% | -50 bps | |
| Net Interest Margin | 4.59% | 4.62% | 4.55% | 4.52% | 4.47% | 4.36% | 4.27% | 3.77% | -75 bps | |
| Efficiency Ratio | 47.89% | 50.38% | 50.07% | 49.79% | 49.47% | 51.77% | 51.02% | 51.97% | +219 bps | |
| Non-Interest Burden | 1.77% | 1.96% | 1.92% | 1.89% | 1.86% | 1.94% | 1.85% | 1.65% | -24 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 15.80% | 15.78% | 13.78% | 11.07% | 7.68% | 8.52% | 9.66% | 21.86% | +1,079 bps | |
| Loan Growth (YoY) | 4.37% | 3.95% | 9.50% | 17.91% | 17.10% | 13.10% | 9.31% | 7.36% | -1,055 bps | |
| Deposit Growth (YoY) | 16.73% | 18.56% | 14.90% | 12.50% | 8.42% | 7.80% | 7.19% | 10.40% | -210 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 | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0 bps | |
| Allowance / Loans | 2.26% | 2.25% | 2.09% | 1.99% | 1.97% | 2.02% | 1.95% | 1.88% | -11 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 | 20.11% | 20.03% | 18.48% | 17.92% | 17.98% | 18.12% | 17.65% | 18.14% | +23 bps | |
| Equity / Assets | 13.10% | 12.74% | 12.81% | 13.04% | 12.95% | 12.64% | 12.32% | 8.13% | -491 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 78.50% | 77.66% | 82.04% | 85.52% | 84.78% | 81.48% | 83.66% | 83.17% | -235 bps | |
| Liquid Assets / Assets | 0.22% | 0.26% | 0.25% | 0.25% | 0.24% | 0.24% | 0.11% | 0.06% | -18 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |