Providence, RI · Cert 90641
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.
Providence, RI · Cert 90641
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 | -2.01% | -0.70% | -3.18% | -7.56% | -9.64% | -19.99% | -19.13% | -10.37% | -281 bps | |
| Return on Equity | -2.01% | -0.70% | -3.18% | -7.71% | -9.87% | -20.43% | -19.42% | -10.77% | -305 bps | |
| Net Interest Margin | 3.78% | 0.00% | 3.39% | 2.41% | 1.75% | 0.00% | 0.00% | 6.43% | +402 bps | |
| Efficiency Ratio | 101.23% | 120.83% | 154.12% | 247% | 303% | 1183% | 791% | 214% | -3,300 bps | |
| Non-Interest Burden | 3.95% | 1.17% | 8.76% | 15.95% | 18.37% | 34.28% | 34.65% | 29.47% | +1,352 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -1.95% | -3.23% | -4.10% | 0.29% | -6.02% | -13.60% | -16.59% | -9.32% | -961 bps | |
| Loan Growth (YoY) | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Deposit Growth (YoY) | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| 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 | 458% | 456% | 248% | 283% | 343% | 408% | 222% | 242% | -4,118 bps | |
| Equity / Assets | 99.94% | 100.00% | 100.00% | 92.22% | 96.20% | 99.66% | 100.00% | 90.09% | -213 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Liquid Assets / Assets | 0.88% | 0.88% | 0.89% | 0.86% | 0.93% | 1.02% | 1.07% | 0.95% | +9 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |