Profitability Ratio

ROE
ROA
Net Interest Margin
Net Noninterest Margin
Net Bank Operating Margin
Earning Spread
Earnings Per Share
Net Profit Margin
Asset Utilization
Equity Multiplier
Tax Management Efficiency
Expense Control Efficiency
Operating Efficiency Ratio
Risk Ratios
1- Credit Risk
Nonperforming loans/Total loans
Nonperforming loans/Equity Capital
Net Charge-Offs/Total Loans
Provision for Loan Losses/Total
Loans
Provision for Loan Losses/Equity
Capital
2- Liquidity Risk
Purchased Funds/Total Assets
Net Loans/Total Assets
Cash and Due from Banks/Total
Assets

2010
16.131%
1.634%
2.763%
-0.541%
1.87%
2.83%
2.737
22.82%
7.16%
9.87
87.34%
26.12%
77.18%

2009
16.881%
2.118%
2.852%
-0.240%
2.32%
2.88%
2.708
26.55%
7.98%
7.97
91.29%
29.08%
72.83%

2008
21.182%
2.514%
2.923%
-0.110%
2.51%
3.03%
3.052
29.57%
8.50%
8.43
100.00%
29.57%
69.74%

2007
18.882%
2.480%
3.129%
-0.060%
2.48%
2.72%
2.393
29.59%
8.38%
7.61
100.00%
29.59%
64.02%

2006
0.030%
0.005%
3.241%
-3.236%
0.00%
1.96%
0.003
0.05%
9.31%
6.02
100.00%
0.05%
99.95%

4.74%
26.59%
-0.26%

3.49%
16.68%
0.63%

3.04%
14.88%
-0.35%

3.88%
13.40%
15.00%

35.46%
88.21%
0.00%

0.62%

0.40%

0.41%

0.12%

0.00%

3.47%

1.93%

2.02%

0.41%

0.00%

Profitability Ratios

Return On Equity (ROE)

Return On Equity (ROE) 2010

164.2/1017.9 = 16.131%
Return On Equity (ROE) 2009
162.5/962.6 = 16.881%
Return On Equity (ROE) 2008
183.1/864.4= 21.182%
Return On Equity (ROE) 2007
143.6/760.5= 18.882%
Return On Equity (ROE) 2006
0.2/669.8=0.030%

ROE

25.00%
20.00%
15.00%

21.18%

18.88%

16.88%

16.13%

10.00%

ROE

5.00%
0.03%

0.00%
2010

2009

2008

2007

2006

Return On Asset (ROA)

Return On Asset (ROA) 2010

164.2/10050.8= 1.634%
Return On Asset (ROA) 2009
162.5/7671.1= 2.118%
Return On Asset (ROA) 2008
183.1/7282.8=2.514%
Return On Asset (ROA) 2007
143.6/5790.9= 2.480%
Return On Asset (ROA) 2006
0.2/4029.2= 0.005%

ROA
3.000%
2.480%

2.514%

2.000%
1.634%

2.118%
ROA

1.000%
0.005%

0.000%
2010

2009

2008

2007

2006

Net Interest Margin

Net interest margin 2010

277.7//10050.8= 2.763%
Net interest margin 2009
218.8/7671.1= 2.852%
Net interest margin 2008
212.9/7282.8= 2.923%
Net interest margin 2007
181.2/5790.9= 3.129%
Net interest margin 2006
130.6/4029.2= 3.241%

Net Interest Margin

3.400%

3.241%

3.200%
3.129%

3.000%
2.923%

2.800%
2.600%

2.852%

2.763%

Net Interest Margin

2.400%
2010

2009

2008

2007

2006

Net Non Interest Margin

Net non interest margin 2010

(108.6- 163)/ 10050.8 = -0.541%
Net non interest margin 2009
(136.5- 154.9)/ 7671.1= -0.240%
Net non interest margin 2008
(136.5-144.5)/ 7,282.8= -0.110%
Net non interest margin 2007
(101.2-104.7)/ 5790.9= -0.060%
Net non interest margin 2006
(71- 201.4)/ 4,029.2= -3.236%

0.000%
-1.000%
-2.000%
-3.000%
-4.000%

-0.541%
2010

-0.240%

-0.110%

-0.060%

2009

2008

2007

Net Non Interest Margin

2006

-3.236%
Net Non Interest Margin

Net Bank Operating Margin

Net Bank Operating Margin 2010

188.0/10050.8 = 1.87%
Net Bank Operating Margin 2009
178/7671.1= 2.32%
Net Bank Operating Margin 2008
183.1/ 7,282.8= 2.51%
Net Bank Operating Margin 2007
143.6/5790.9= 2.48%
Net Bank Operating Margin 2006
0.2/4,029.2= 0%

Net Bank Operating Margin

3.000%
2.500%

2.480%

2.510%

2.320%

2.000%
1.870%

1.500%

Net Bank Operating Margin

1.000%
0.500%
0.000%

2010

2009

2008

2007

0.000%
2006

Earning Spread

Earning Spread 2010

(611.1/9236.9)- (333.4/8804.9)= 2.83%
Earning Spread 2009
(475.6/6930.9)- (256.8/ 6456.2)= 2.88%
Earning Spread 2008
(482.8/6485.1)- (269.9/ 6109.3)= 3.03%
Earning Spread 2007
(384.1/5423.9)-( 202.9/ 4648.9)= 2.72%
Earning Spread 2006
(304/3882.7)- (173.4/ 2954.9)= 1.96%

Earning Spread
3.50%

3.03%
3.00%
2.50%

2.83%

2.72%

2.88%

2.00%
1.96%
Earning Spread

1.50%
1.00%
0.50%
0.00%
2010

2009

2008

2007

2006

Earnings Per Share (EPS)

Earnings Per Share (EPS)2010

164.2/ 60= 2.737
Earnings Per Share (EPS)2009
162.5/60 =2.708
Earnings Per Share (EPS)2008
183.1/60= 3.052
Earnings Per Share (EPS)2007
143.6/60= 2.393
Earnings Per Share (EPS)2006
0.2/60= 0.003

Earnings Per Share (EPS)

3.500
3.052

3.000
2.500

2.737

2.708
2.393

2.000
Earnings Per Share (EPS)

1.500
1.000
0.500
0.003

0.000
2010

2009

2008

2007

2006

Net Profit Margin

Net Profit Margin 2010

164.2/ (611.1+108.6)= 22.82%
Net Profit Margin 2009
162.5/( 475.6+136.5)= 26.55%
Net Profit Margin 2008
183.1/(482.8+136.5)= 29.57%
Net Profit Margin 2007
143.6/(384.1+101.2)= 29.59%
Net Profit Margin 2006
0.2/(304+71)= 0.05%

Net Profit Margin

35.00%

29.57%

30.00%

29.59%

26.55%

25.00%
22.82%
20.00%

Net Profit Margin

15.00%
10.00%
5.00%
0.05%

0.00%
2010

2009

2008

2007

2006

Asset Utilization

Asset Utilization 2010

(611.1+108.6)/ 10050.8= 7.16%
Asset Utilization 2009
(475.6+136.5)/ 7671.1= 7.98%
Asset Utilization 2008
(482.8+136.5)/ 7282.8= 8.50%
Asset Utilization 2007
(384.1+101.2)/ 5790.9= 8.38%
Asset Utilization 2006
(304+71)/ 4029.2= 9.31%

Asset Utilization
10.00%
9.00%

9.31%

8.50%
8.38%

8.00%

7.98%

7.00%

7.16%

6.00%
5.00%

Asset Utilization

4.00%
3.00%
2.00%

1.00%
0.00%
2010

2009

2008

2007

2006

Equity Multiplier

Equity Multiplier 2010

10050.8/1017.9 = 9.87
Equity Multiplier 2009
7671.1/962.6 =7.97
Equity Multiplier 2008
7282.8/864.4=8.43
Equity Multiplier 2007
5790.9/760.5=7.61
Equity Multiplier 2006
4029.2/669.8= 6.02

Equity Multiplier
12
10

9.87
8.43

7.61

7.97
6

6.02
4

2
0
2010

2009

2008

2007

2006

Equity Multiplier

Tax Management Efficiency

Tax Management Efficiency 2010

164.2/188= 87.34%
Tax Management Efficiency 2009
162.5/178= 91.29%
Tax Management Efficiency 2008
183.1/183.1= 100.00%
Tax Management Efficiency 2007
143.6/ 143.6= 100.00%
Tax Management Efficiency 2006
0.2/0.2= 100.00%

Tax Management Efficiency

102.00%
100.00%
100%

98.00%

100%

100%

96.00%
94.00%
92.00%
88.00%
86.00%

Tax Management
Efficiency

91.29%

90.00%
87.34%

84.00%
82.00%
80.00%

2010

2009

2008

2007

2006

Expense Control Efficiency

Expense Control Efficiency 2010

188/(611.1+108.6) = 26.12%
Expense Control Efficiency 2009
178/( 475.6+136.5)= 29.08%
Expense Control Efficiency 2008
183.1/ (482.8+136.5)= 29.57%
Expense Control Efficiency 2007
143.6/(384.1+101.2)= 29.59%
Expense Control Efficiency 2006
0.2/(304+71)= 0.05%

Expense Control Efficiency

35.00%
30.00%
26.12%

25.00%

29.08%

29.57%

29.59%

20.00%
Expense Control
Efficiency

15.00%

10.00%
5.00%
0.05%

0.00%
2010

2009

2008

2007

2006

Operating Efficiency Ratio

Operating Efficiency Ratio 2010

(333.4+163+35.3+23.8+35.3) / ( 611.1+ 108.6) = 77.18%
Operating Efficiency Ratio 2009
(256.8+154.9+18.6+15.5+18.6) / ( 475.6+136.5) = 72.83%
Operating Efficiency Ratio 2008
(269.9+144.5+17.5+0+17.5) / ( 482.8+136.5) = 69.74%
Operating Efficiency Ratio 2007
(202.9+104.7+3.1+0+3.1) / ( 384.1+101.2) = 64.02%
Operating Efficiency Ratio 2006
(173+201.4+0+0+0) / ( 304+71) = 99.95%

Operating Efficiency Ratio

120.00%
100.00%

99.95%

80.00%

77.18%
60.00%

64.02%

72.83%
69.74%

40.00%
20.00%
0.00%
2010

2009

2008

2007

2006

Operating Efficiency
Ratio

Risk Ratios
1- Credit Ratios
Nonperforming loans/Total loans
Nonperforming loans/Total loans 2010
270.7/ 5712.6=4.74%
Nonperforming loans/Total loans 2009
160.6/ 4607.8=3.49%
Nonperforming loans/Total loans 2008
128.6/ 4234= 3.04%
Nonperforming loans/Total loans 2007
101.9/ 2623.1= 3.88%
Nonperforming loans/Total loans 2006
590.8/ 1666.1= 35.46%

Nonperforming loans/Total loans

40.00%
35.46%
30.00%
20.00%
10.00%

4.74%

3.49%

3.04%

0.00%
2010

2009

2008

Nonperforming loans/Total
loans
3.88%
2007

2006

Nonperforming loans/Equity Capital

Nonperforming loans/Equity Capital 2010
270.7/ 1017.9= 26.59%
Nonperforming loans/Equity Capital 2009
160.6/ 962.6 = 16.68%
Nonperforming loans/Equity Capital 2008
128.6/ 864.4= 14.88%
Nonperforming loans/Equity Capital 2007
101.9/ 760.5= 13.40%
Nonperforming loans/Equity Capital 2006
590.8/ 669.8= 88.21%

Nonperforming loans/Equity Capital

100.00%

88.21%

80.00%
60.00%
40.00%

26.59%

20.00%
16.68%

0.00%
2010

2009

14.88%
2008

13.40%
2007

Nonperforming loans/Equity
Capital
2006

Net Charge-Offs/Total Loans

Net Charge-Offs/Total Loans 2010
-14.6/ 5712.6= -0.26%
Net Charge-Offs/Total Loans 2009
28.8/ 4607.8 = 0.63%
Net Charge-Offs/Total Loans 2008
-14.9/ 4234= -0.35%
Net Charge-Offs/Total Loans 2007
393.4/ 2623.1= 15%
Net Charge-Offs/Total Loans 2006
0/ 1666.1= 0%

Net Charge-Offs/Total Loans

20.00%
15.00%

15%
Net Charge-Offs/Total Loans

10.00%
5.00%

-0.26%

0.63%

2010

2009

0.00%
-5.00%

0%
2008-0.35%

2007

2006

Provision for Loan Losses/Total Loans

Provision for Loan Losses/Total Loans 2010
35.3 / 5712.6= 0.62%
Provision for Loan Losses/Total Loans 2009
18.6 / 4607.8 = 0.40%
Provision for Loan Losses/Total Loans 2008
17.5/ 4234= 0.41%
Provision for Loan Losses/Total Loans 2007
3.1/ 2623.1= 0.12%
Provision for Loan Losses/Total Loans 2006
0/ 1666.1= 0%
0.80%
0.60%

Provision for Loan Losses/Total Loans

0.62%

0.40%
0.40%

0.41%

Provision for Loan Losses/Total

Loans

0.20%
0.12%
0.00%
2010

2009

2008

2007

0%
2006

Provision for Loan Losses/Equity Capital

Provision for Loan Losses/Equity Capital 2010
35.3 / 1017.9= 3.47%
Provision for Loan Losses/Equity Capital 2009
18.6 / 962.6= 1.93%
Provision for Loan Losses/Equity Capital 2008
17.5/ 864.4= 2.02%
Provision for Loan Losses/Equity Capital 2007
3.1/ 760.5=0.41%
Provision for Loan Losses/Equity Capital 2006
0/ 669.8= 0%
4.00%

Provision for Loan Losses/Equity Capital

3.00%

3.47%

2.00%
1.93%

Provision for Loan

Losses/Equity

2.02%

1.00%
0.41%
0.00%
2010

2009

2008

2007

0%
2006

2- Liquidity Risk

Purchased Funds/Total Assets

Purchased Funds/Total Assets2010
Purchased Funds/Total Assets 2009
Purchased Funds/Total Assets2008
Purchased Funds/Total Assets2007
Purchased Funds/Total Assets2006

4.00%
3.00%

Purchased Funds/Total Assets

3.47%

2.00%

1.93%

Purchased Funds/Total Assets

2.02%

1.00%
0.41%

0.00%

2010

2009

2008

2007

0%
2006

Net Loans/Total Assets

Net Loans/Total Assets 2010
Net Loans/Total Assets 2009
Net Loans/Total Assets 2008
Net Loans/Total Assets 2007
Net Loans/Total Assets 2006

4.00%
3.47%

Net Loans/Total Assets

3.00%
2.00%

1.93%

2.02%
Net Loans/Total Assets

1.00%
0.41%
0.00%
2010

2009

2008

2007

0%
2006

Cash and Due from Banks/Total Assets

Cash and Due from Banks/Total Assets2010
Cash and Due from Banks/Total Assets 2009
Cash and Due from Banks/Total Assets 2008
Cash and Due from Banks/Total Assets 2007
Cash and Due from Banks/Total Assets 2006

4.00%
3.47%

Cash and Due from Banks/Total Assets

3.00%
2.00%

1.93%

2.02%
Cash and Due from
Banks/Total Assets

1.00%
0.41%
0.00%
2010

2009

2008

2007

0%
2006

Temporary investments ratio

Temporary investments ratio 2010
Temporary investments ratio 2009
Temporary investments ratio 2008
Temporary investments ratio 2007
Temporary investments ratio 2006

4.00%
3.47%

Cash and Due from Banks/Total Assets

3.00%
2.00%

1.93%

2.02%
Cash and Due from
Banks/Total Assets

1.00%
0.41%
0.00%
2010

2009

2008

2007

0%
2006

Volatile liability dependency ratio

Volatile liability dependency ratio 2010
Volatile liability dependency ratio 2009
Volatile liability dependency ratio 2008
Volatile liability dependency ratio 2007
Volatile liability dependency ratio 2006

4.00%
3.47%

Cash and Due from Banks/Total Assets

3.00%
2.00%

1.93%

2.02%
Cash and Due from
Banks/Total Assets

1.00%
0.41%
0.00%
2010

2009

2008

2007

0%
2006

3- Market Risk
Book-Value of Assets/ Market Value of Assets
Book-Value of Assets/ Market Value of Assets
2010
Book-Value of Assets/ Market Value of Assets
2009
Book-Value of Assets/ Market Value of Assets
2008
Book-Value of Assets/ Market Value of Assets
2007
Book-Value of Assets/ Market Value of Assets
2006

4.00%
3.47%

Cash and Due from Banks/Total Assets

3.00%
2.00%

1.93%

2.02%

Cash and Due from

Banks/Total Assets

1.00%
0.41%
0.00%
2010

2009

2008

2007

0%
2006

Book-Value of Equity/ Market Value of Equity

Book-Value of Equity/ Market Value of Equity
2010
Book-Value of Equity/ Market Value of Equity
2009
Book-Value of Equity/ Market Value of Equity
2008
Book-Value of Equity/ Market Value of Equity
2007
Book-Value of Equity/ Market Value of Equity
2006

4.00%
3.47%

Cash and Due from Banks/Total Assets

3.00%
2.00%

1.93%

2.02%
Cash and Due from
Banks/Total Assets

1.00%

0.41%
0.00%
2010

2009

2008

2007

0%
2006

Book-Value of Bonds/Market Value of Bonds

Book-Value of Bonds/Market Value of Bonds
2010
Book-Value of Bonds/Market Value of Bonds
2009
Book-Value of Bonds/Market Value of Bonds
2008
Book-Value of Bonds/Market Value of Bonds
2007
Book-Value of Bonds/Market Value of Bonds
2006

4.00%
3.47%

Cash and Due from Banks/Total Assets

3.00%
2.00%

1.93%

2.02%
Cash and Due from
Banks/Total Assets

1.00%

0.41%
0.00%
2010

2009

2008

2007

0%
2006