FCCO » Topics » SELECTED VALUATION AND PROFITABILITY RATIOS VS. PEERS
This excerpt taken from the FCCO 8-K filed Feb 14, 2005.
SELECTED VALUATION AND PROFITABILITY RATIOS VS. PEERS
SE Peer Median
Newly Merged Company Has Excellent Asset Quality that is Better than Peers
First Community Corporation had asset quality at the end of 2004 that overall was better than
the majority of its peers. As of December 31, 2004, the Company had NPAs (including other
real estate owned and accruing loans that were more than 90 days past due) of $225,000, or
0.05% of assets, compared to $105,000, or 0.05% of total assets, at December 31, 2003. The
allowance for loan losses at December 31, 2004 was $2,764,000, or 12.3 times NPAs, at
December 31, 2004, versus $1,705,000 at the year-ago date. As a percentage of loans held
for investment, the allowance was 1.46% at December 31, 2004. As can be seen from the
table to the left, the Companys asset quality and reserve coverage ratios compare
quite favorably to its peer group median.
Bet you've never seen portfolio analytics like these.