Home > The Bank of Currituck > Performance and Condition Ratios
The Bank of Currituck, Performance and Condition Ratios
| 2010-09-30 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 4.9545% | 5,018 |
| Cost of funding earning assets | 1.6107% | 2,328 |
| Net interest margin | 3.3438% | 5,868 |
| Noninterest income to average assets | 0.3720% | 5,177 |
| Noninterest expense to average assets | 3.6094% | 1,770 |
| Loan and lease loss provision to assets | 0.0000% | 6,977 |
| Net operating income to assets | -0.3663% | 6,483 |
| Return on assets (ROA) | -0.3663% | 6,530 |
| Pretax return on assets | -0.3663% | 6,460 |
| Return on Equity (ROE) | -6.3070% | 6,744 |
| Retained earnings to average equity (ytd only) | -6.3070% | 6,664 |
| Net charge-offs to loans | 2.3873% | 727 |
| Credit loss provision to net charge-offs | 0.0000% | 6,367 |
| Earnings coverage of net charge-offs (x) | -0.2345% | 6,199 |
| Efficiency ratio | 111.2935% | 502 |
| Assets per employee ($millions) | 3.1380% | 5,833 |
| Cash dividends to net income (ytd only)* | 0.0000% | 3,526 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 3.2477% | 671 |
| Loan loss allowance to noncurrent loans | 25.8904% | 6,579 |
| Noncurrent assets plus other real estate owned to assets | 13.5570% | 208 |
| Noncurrent loans to loans | 12.5441% | 258 |
| Net loans and leases to total assets | 61.4839% | 4,633 |
| Net loans and leases to deposits | 66.5365% | 5,602 |
| Net loans and leases to core deposits | 69.6178% | 5,784 |
| Total domestic deposits to total assets | 92.4063% | 136 |
| Equity capital to assets | 6.0311% | 7,486 |
| Core capital (leverage) ratio | 5.5181% | 7,495 |
| Tier 1 risk-based capital ratio | 8.5422% | 7,429 |
| Total risk-based capital ratio | 9.8147% | 7,438 |
| Memoranda: | ||
| Average total assets | $185,289,500 | 3,341 |
| Average earning assets | $159,098,500 | 3,515 |
| Average equity | $10,760,250 | 4,985 |
| Average total loans | $121,250,500 | 3,345 |
| 2010-06-30 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 4.9844% | 5,013 |
| Cost of funding earning assets | 1.6334% | 2,460 |
| Net interest margin | 3.3510% | 5,831 |
| Noninterest income to average assets | 0.5414% | 3,779 |
| Noninterest expense to average assets | 3.2154% | 2,851 |
| Loan and lease loss provision to assets | 0.0000% | 6,857 |
| Net operating income to assets | 0.2206% | 5,494 |
| Return on assets (ROA) | 0.2206% | 5,626 |
| Pretax return on assets | 0.2206% | 5,724 |
| Return on Equity (ROE) | 3.8429% | 4,851 |
| Retained earnings to average equity (ytd only) | 3.8429% | 3,643 |
| Net charge-offs to loans | 1.2933% | 1,473 |
| Credit loss provision to net charge-offs | 0.0000% | 6,004 |
| Earnings coverage of net charge-offs (x) | 0.2583% | 5,468 |
| Efficiency ratio | 93.5811% | 1,087 |
| Assets per employee ($millions) | 3.3564% | 5,297 |
| Cash dividends to net income (ytd only)* | 0.0000% | 3,319 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 4.0375% | 364 |
| Loan loss allowance to noncurrent loans | 43.0081% | 5,452 |
| Noncurrent assets plus other real estate owned to assets | 10.2647% | 383 |
| Noncurrent loans to loans | 9.3878% | 489 |
| Net loans and leases to total assets | 64.5719% | 4,141 |
| Net loans and leases to deposits | 69.8482% | 5,302 |
| Net loans and leases to core deposits | 73.0902% | 5,544 |
| Total domestic deposits to total assets | 92.4461% | 155 |
| Equity capital to assets | 6.1514% | 7,516 |
| Core capital (leverage) ratio | 5.7547% | 7,519 |
| Tier 1 risk-based capital ratio | 8.2563% | 7,505 |
| Total risk-based capital ratio | 9.5390% | 7,514 |
| Memoranda: | ||
| Average total assets | $189,522,670 | 3,311 |
| Average earning assets | $163,711,000 | 3,451 |
| Average equity | $10,877,330 | 4,947 |
| Average total loans | $125,108,330 | 3,306 |
| 2010-03-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 4.6900% | 6,279 |
| Cost of funding earning assets | 1.7658% | 2,033 |
| Net interest margin | 2.9241% | 6,978 |
| Noninterest income to average assets | 0.4730% | 4,266 |
| Noninterest expense to average assets | 3.0218% | 3,593 |
| Loan and lease loss provision to assets | 0.0000% | 6,552 |
| Net operating income to assets | 0.0062% | 6,271 |
| Return on assets (ROA) | 0.0062% | 6,382 |
| Pretax return on assets | 0.0062% | 6,339 |
| Return on Equity (ROE) | 0.1117% | 6,372 |
| Retained earnings to average equity (ytd only) | 0.1117% | 5,776 |
| Net charge-offs to loans | -0.8430% | 7,843 |
| Credit loss provision to net charge-offs | 0.0000% | 5,126 |
| Earnings coverage of net charge-offs (x) | NA | NA |
| Efficiency ratio | 99.7954% | 846 |
| Assets per employee ($millions) | 3.6136% | 4,790 |
| Cash dividends to net income (ytd only)* | 0.0000% | 2,528 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 4.7748% | 208 |
| Loan loss allowance to noncurrent loans | 45.4580% | 5,320 |
| Noncurrent assets plus other real estate owned to assets | 9.6851% | 420 |
| Noncurrent loans to loans | 10.5038% | 390 |
| Net loans and leases to total assets | 61.3215% | 4,893 |
| Net loans and leases to deposits | 65.7702% | 5,848 |
| Net loans and leases to core deposits | 70.3537% | 5,886 |
| Total domestic deposits to total assets | 93.2359% | 110 |
| Equity capital to assets | 5.5254% | 7,675 |
| Core capital (leverage) ratio | 5.2749% | 7,679 |
| Tier 1 risk-based capital ratio | 8.0597% | 7,604 |
| Total risk-based capital ratio | 9.3523% | 7,607 |
| Memoranda: | ||
| Average total assets | $193,662,500 | 3,309 |
| Average earning assets | $169,212,500 | 3,414 |
| Average equity | $10,741,500 | 5,038 |
| Average total loans | $126,684,500 | 3,334 |
| 2009-12-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 5.8230% | 2,561 |
| Cost of funding earning assets | 2.2880% | 1,704 |
| Net interest margin | 3.5350% | 4,799 |
| Noninterest income to average assets | -1.0567% | 7,992 |
| Noninterest expense to average assets | 3.2154% | 3,327 |
| Loan and lease loss provision to assets | 5.1351% | 178 |
| Net operating income to assets | -6.4015% | 7,857 |
| Return on assets (ROA) | -6.4015% | 7,849 |
| Pretax return on assets | -6.4015% | 7,832 |
| Return on Equity (ROE) | -70.8467% | 7,815 |
| Retained earnings to average equity (ytd only) | -71.7853% | 7,816 |
| Net charge-offs to loans | 4.5563% | 314 |
| Credit loss provision to net charge-offs | 163.8137% | 2,672 |
| Earnings coverage of net charge-offs (x) | -0.4040% | 6,631 |
| Efficiency ratio | 164.9789% | 236 |
| Assets per employee ($millions) | 3.6262% | 4,712 |
| Cash dividends to net income (ytd only)* | -1.3248% | 7,406 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 4.4891% | 254 |
| Loan loss allowance to noncurrent loans | 72.0679% | 3,805 |
| Noncurrent assets plus other real estate owned to assets | 7.8911% | 582 |
| Noncurrent loans to loans | 6.2290% | 990 |
| Net loans and leases to total assets | 63.4666% | 4,709 |
| Net loans and leases to deposits | 68.9818% | 5,729 |
| Net loans and leases to core deposits | 87.5109% | 5,381 |
| Total domestic deposits to total assets | 92.0048% | 266 |
| Equity capital to assets | 5.5679% | 7,726 |
| Core capital (leverage) ratio | 5.2893% | 7,736 |
| Tier 1 risk-based capital ratio | 7.8032% | 7,673 |
| Total risk-based capital ratio | 9.0914% | 7,677 |
| Memoranda: | ||
| Average total assets | $194,563,200 | 3,241 |
| Average earning assets | $165,430,000 | 3,413 |
| Average equity | $17,580,200 | 3,572 |
| Average total loans | $133,859,600 | 3,193 |
| 2009-09-30 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 5.8763% | 2,551 |
| Cost of funding earning assets | 2.4250% | 1,546 |
| Net interest margin | 3.4513% | 5,070 |
| Noninterest income to average assets | 0.6388% | 3,433 |
| Noninterest expense to average assets | 3.2698% | 3,030 |
| Loan and lease loss provision to assets | 2.4001% | 703 |
| Net operating income to assets | -2.1131% | 7,362 |
| Return on assets (ROA) | -2.1131% | 7,358 |
| Pretax return on assets | -2.1131% | 7,224 |
| Return on Equity (ROE) | -21.3674% | 7,422 |
| Retained earnings to average equity (ytd only) | -22.1618% | 7,416 |
| Net charge-offs to loans | 2.0443% | 957 |
| Credit loss provision to net charge-offs | 169.2197% | 2,762 |
| Earnings coverage of net charge-offs (x) | 0.2023% | 5,821 |
| Efficiency ratio | 91.9324% | 1,548 |
| Assets per employee ($millions) | 3.7426% | 4,331 |
| Cash dividends to net income (ytd only)* | -3.7181% | 7,679 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 2.4942% | 1,066 |
| Loan loss allowance to noncurrent loans | 22.4030% | 6,945 |
| Noncurrent assets plus other real estate owned to assets | 12.3996% | 207 |
| Noncurrent loans to loans | 11.1333% | 320 |
| Net loans and leases to total assets | 63.4073% | 4,992 |
| Net loans and leases to deposits | 72.3260% | 5,596 |
| Net loans and leases to core deposits | 84.4774% | 6,005 |
| Total domestic deposits to total assets | 87.6687% | 1,819 |
| Equity capital to assets | 9.7218% | 4,470 |
| Core capital (leverage) ratio | 9.3962% | 4,051 |
| Tier 1 risk-based capital ratio | 13.3820% | 3,941 |
| Total risk-based capital ratio | 14.6402% | 3,871 |
| Memoranda: | ||
| Average total assets | $195,156,250 | 3,252 |
| Average earning assets | $164,997,000 | 3,462 |
| Average equity | $19,300,000 | 3,342 |
| Average total loans | $135,397,000 | 3,201 |
| 2009-06-30 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 5.1458% | 6,269 |
| Cost of funding earning assets | 2.4557% | 1,763 |
| Net interest margin | 2.6901% | 7,223 |
| Noninterest income to average assets | 0.5953% | 3,738 |
| Noninterest expense to average assets | 4.1340% | 1,151 |
| Loan and lease loss provision to assets | 5.4688% | 162 |
| Net operating income to assets | -6.7216% | 8,034 |
| Return on assets (ROA) | -6.7216% | 8,027 |
| Pretax return on assets | -6.7216% | 8,005 |
| Return on Equity (ROE) | -67.5667% | 8,011 |
| Retained earnings to average equity (ytd only) | -68.1922% | 8,007 |
| Net charge-offs to loans | 3.0924% | 532 |
| Credit loss provision to net charge-offs | 249.4324% | 1,873 |
| Earnings coverage of net charge-offs (x) | -0.5714% | 6,112 |
| Efficiency ratio | 143.4845% | 403 |
| Assets per employee ($millions) | 3.4111% | 5,039 |
| Cash dividends to net income (ytd only)* | -0.9258% | 7,747 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 3.6702% | 330 |
| Loan loss allowance to noncurrent loans | 24.7721% | 6,858 |
| Noncurrent assets plus other real estate owned to assets | 13.6359% | 131 |
| Noncurrent loans to loans | 14.8159% | 140 |
| Net loans and leases to total assets | 67.4940% | 4,250 |
| Net loans and leases to deposits | 76.2968% | 5,118 |
| Net loans and leases to core deposits | 94.9979% | 5,006 |
| Total domestic deposits to total assets | 88.4625% | 1,546 |
| Equity capital to assets | 8.2845% | 6,362 |
| Core capital (leverage) ratio | 7.9155% | 6,465 |
| Tier 1 risk-based capital ratio | 11.1043% | 5,770 |
| Total risk-based capital ratio | 12.3820% | 5,654 |
| Memoranda: | ||
| Average total assets | $192,840,670 | 3,308 |
| Average earning assets | $163,861,000 | 3,489 |
| Average equity | $19,184,000 | 3,367 |
| Average total loans | $136,720,670 | 3,211 |
| 2009-03-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 6.4024% | 1,060 |
| Cost of funding earning assets | 2.4361% | 2,150 |
| Net interest margin | 3.9663% | 2,793 |
| Noninterest income to average assets | 0.5582% | 3,855 |
| Noninterest expense to average assets | 3.1597% | 3,152 |
| Loan and lease loss provision to assets | 0.5207% | 2,385 |
| Net operating income to assets | 0.1666% | 5,768 |
| Return on assets (ROA) | 0.1666% | 5,934 |
| Pretax return on assets | 0.2520% | 5,817 |
| Return on Equity (ROE) | 1.5443% | 5,943 |
| Retained earnings to average equity (ytd only) | 1.5443% | 4,985 |
| Net charge-offs to loans | 0.2336% | 3,237 |
| Credit loss provision to net charge-offs | 312.5000% | 1,563 |
| Earnings coverage of net charge-offs (x) | 4.6375% | 2,840 |
| Efficiency ratio | 80.3496% | 2,768 |
| Assets per employee ($millions) | 3.2581% | 5,430 |
| Cash dividends to net income (ytd only)* | 0.0000% | 2,832 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 1.4706% | 3,136 |
| Loan loss allowance to noncurrent loans | 14.2705% | 7,425 |
| Noncurrent assets plus other real estate owned to assets | 8.3818% | 332 |
| Noncurrent loans to loans | 10.3049% | 276 |
| Net loans and leases to total assets | 68.9262% | 3,932 |
| Net loans and leases to deposits | 83.0789% | 4,120 |
| Net loans and leases to core deposits | 109.4247% | 3,507 |
| Total domestic deposits to total assets | 82.9648% | 4,167 |
| Equity capital to assets | 11.6757% | 2,464 |
| Core capital (leverage) ratio | 11.6972% | 2,044 |
| Tier 1 risk-based capital ratio | 17.1523% | 2,293 |
| Total risk-based capital ratio | 18.4063% | 2,232 |
| Memoranda: | ||
| Average total assets | $192,043,500 | 3,332 |
| Average earning assets | $163,377,000 | 3,519 |
| Average equity | $20,722,000 | 3,147 |
| Average total loans | $136,965,000 | 3,227 |
| 2008-12-31 | Rank | |
| Percentage of unprofitable institutions | NA | NA |
| Percentage of insitutions with earnings gains | NA | NA |
| Performance Ratios (%, annualized) | ||
| Yield on earning assets | 7.5419% | 382 |
| Cost of funding earning assets | 2.8103% | 2,660 |
| Net interest margin | 4.7315% | 905 |
| Noninterest income to average assets | 0.5822% | 3,989 |
| Noninterest expense to average assets | 3.6884% | 1,973 |
| Loan and lease loss provision to assets | 0.4195% | 3,187 |
| Net operating income to assets | 0.3839% | 5,214 |
| Return on assets (ROA) | 0.3839% | 5,028 |
| Pretax return on assets | 0.5332% | 4,899 |
| Return on Equity (ROE) | 3.6988% | 4,947 |
| Retained earnings to average equity (ytd only) | 1.5139% | 4,322 |
| Net charge-offs to loans | 0.3858% | 2,894 |
| Credit loss provision to net charge-offs | 146.4981% | 3,601 |
| Earnings coverage of net charge-offs (x) | 3.3268% | 4,421 |
| Efficiency ratio | 79.4718% | 2,676 |
| Assets per employee ($millions) | 2.6943% | 6,802 |
| Cash dividends to net income (ytd only)* | 59.0711% | 2,711 |
| Condition Ratios (%) | ||
| Loss allowance to loans | 1.3420% | 3,523 |
| Loan loss allowance to noncurrent loans | 27.4203% | 6,869 |
| Noncurrent assets plus other real estate owned to assets | 4.7756% | 758 |
| Noncurrent loans to loans | 4.8943% | 917 |
| Net loans and leases to total assets | 71.7583% | 3,640 |
| Net loans and leases to deposits | 89.3746% | 3,556 |
| Net loans and leases to core deposits | 116.0393% | 3,118 |
| Total domestic deposits to total assets | 80.2894% | 4,915 |
| Equity capital to assets | 9.8725% | 4,191 |
| Core capital (leverage) ratio | 9.8186% | 3,627 |
| Tier 1 risk-based capital ratio | 13.7493% | 3,670 |
| Total risk-based capital ratio | 15.0030% | 3,588 |
| Memoranda: | ||
| Average total assets | $179,481,000 | 3,411 |
| Average earning assets | $153,967,400 | 3,583 |
| Average equity | $18,627,800 | 3,455 |
| Average total loans | $133,232,600 | 3,216 |