33 SELECTED PERFORMANCE INDICATORS  
Rural Banks
as of end of periods indicated
in billion pesos
 
Selected Ratios RURAL BANKS
  March 2005 June 2005 September 2005 December 2005
ANNUAL GROWTH RATES
   Balance Sheet
       Total Assets 13.5 13.9 15.2 14.9
          Cash and Due From Banks 2.8 2.0 11.0 9.8
          Interbank Loans Receivable 0.0 0.0 0.0 0.0
          Loans, gross (exclusive of IBL) 15.0 17.7 16.4 15.1
             Allowance for Probable Losses 13.6 17.7 16.8 14.4
          Loans, net (exclusive of IBL) 15.1 17.7 16.4 15.1
          Investments, net 12.7 0.5 0.7 7.8
          ROPOA, net 8.1 3.4 2.3 3.8
          Other Assets 58.4 63.9 69.6 42.2
       Total Liabilities 14.0 14.6 16.3 16.4
          Deposits 12.1 12.5 14.5 13.9
          Bills Payable 12.6 13.2 16.4 15.9
          Special Financing 6.3 0.2 -0.5 -13.4
          Unsecured Subordinated Debt 0.0 0.0 0.0 0.0
          Other Liabilities 39.2 45.9 39.8 50.7
          Total Capital Accounts 11.1 10.0 8.9 6.8
   Income Statement
       Total Operating Income 18.3 17.7 11.6 10.6
           Net Interest Income 17.9 16.5 12.1 11.4
           Non-Interest Income 19.3 20.7 10.7 8.7
       Operating Expenses 18.8 16.7 14.3 12.3
          Bad Debts / Provisions for Probable Losses 65.6 39.5 33.0 45.3
          Other Operating Expenses 17.2 15.9 13.5 11.0
       Net Operating Income 16.3 22.6 -1.6 0.4
       Extraordinary Credits/(Charges) -11.1 1.3 -13.1 3.0
       Net Income After Tax (NIAT) 6.6 11.1 -10.3 -4.6
SELECTED RATIOS
   LIQUIDITY
      Cash and Due from Banks to Deposits                              26.4                              26.0                              24.3                              25.2
      Liquid Assets to Deposits                              34.6                              34.2                              32.7                              33.1
      Loans, gross to Deposits                              86.9                              86.7                              88.7                              89.1
   ASSET QUALITY  
      Non-performing Loans (NPL) Ratio                              11.5                              11.9                              11.5                              11.1
      Non-performing Loans (NPL) Ratio (exclusive of IBL)                              11.5                              11.9                              11.5                              11.1
      NPL Coverage Ratio 1/                                 37.4                              37.2                              38.2                              38.1
      Non-performing Assets(NPA) to Gross Assets                              14.7                              14.7                              14.4                              14.1
      NPA Coverage Ratio   NPA Coverage Ratio 2/                              19.0                              19.6                              20.3                              19.9
      Distressed Asset Ratio                              22.5                              22.5                              22.0                              21.5
   CAPITAL ADEQUACY  
      Total Capital Accounts to Total Assets                              15.5                              15.1                              14.9                              14.6
   PROFITABILITY 5/  
      Earning Asset Yield 6/                              18.2                              18.4                              17.9                              18.4
      Funding Cost 7/                                6.2                                6.4                                6.5                                6.7
      Interest Spread /8                              12.0                              12.0                              11.4                              11.7
      Net Interest Margin 9/                              10.9                              10.9                              10.5                              10.8
      Net Interest Income to Total Operating Incom                              70.5                              70.2                              70.7                              71.1
      Cost to Income Ratio 10/                              81.6                              81.2                              82.7                              82.2
      Return on Assets                                1.7                                1.7                                1.4                                1.5
      Return on Equity                              10.8                              11.2                                9.4                                9.9
 
1/ Ratio of Loan Loss Reserves to NPL
2/ Ratio of valuation reserves (for loans and ROPOA) to NPAs
3/  Ratio of NPL + ROPOA, gross + Restructured Loans, current to TLP, gross + ROPOA, gross. Effective 31 July 2004,
   Restructured Loans, performing was used in lieu of Restructured Loans, current.
4/ Based on the new framework provided for under Circular No. 280 dated 29 March 2001 which was formally adopted
    starting 1 July 2001
5/ Income and Expenses accounts annualized
6/ Refers to the ratio of Interest Income to Average Earning Assets
7/ Refers to the ratio of Interest Expenses to Average Interest-Bearing Liabilities
8/ Refers to the difference between Earning Asset Yield and Funding Cost
9/ Refers to the ratio of Net Interest Income to Average Earning Assets
10/ Refers to the ratio of Operating Expense (composed of Non-interest Operating Expense exclusive Bad Debts and Provisions)
      to Total Operating Income (composed of Net Interest Income and non-interest operating income)
Source: Supervisory Data Center, Supervision and Examination Sector