56   SELECTED PERFORMANCE RATIOS  
             Rural Banking System  
             for the periods indicated  
             in percent  
2006
March June Sept Dec
     
Annual Growth Rates     
   Balance Sheet  
       Total Assets  9.8 11.9 13.0 16.0
          Cash and Due From Banks 3.6 10.1 12.7 19.7
          Loans, gross  12.8 12.6 13.0 12.9
             Allowance for Probable Losses 8.8 3.3 3.4 1.7
          Loans, net  13.0 13.1 13.5 13.5
          Investments, net 7.9 4.0 0.7 5.2
          ROPA, net 1.9 10.1 14.9 31.9
          Other Assets 1/ 10.0 14.0 16.3 19.4
       Total Liabilities 11.5 13.5 13.6 16.1
          Deposits 11.8 13.2 14.0 16.1
          Bills Payable 10.4 12.4 3.9 9.0
          Special Financing 1.8 (1.8) (4.4) (7.8)
          Other Liabilities 9.5 18.5 19.8 24.4
       Total Capital Accounts 0.9 2.7 9.7 15.6
 
   Income Statement   
       Total Operating Income 6.2 8.1 20.1 18.2
           Net Interest Income 7.1 9.5 21.1 17.3
           Non-Interest Income 4.3 4.7 17.8 20.6
       Operating Expenses 6.6 9.0 10.0 9.9
          Bad Debts / Provisions for Probable Losses 6.1 16.0 14.7 (15.7)
          Other Operating Expenses 6.7 8.6 9.8 11.3
       Net Operating Income 4.3 3.8 77.5 71.9
       Extraordinary Credits/(Charges) (23.2) (24.6) 25.5 2.8
       Net Income After Tax (NIAT) (7.7) (6.7) 69.2 57.5
 
Key Financial Ratios  
     NPL Ratio  12.1 12.2 11.6 11.1
     NPA to Gross Assets  14.1 14.3 13.8 12.5
     Cash and Due from Banks to Deposits 24.5 25.3 24.0 25.9
     Liquid Assets to Deposits 32.4 32.9 31.6 33.2
     Loans, gross to Deposits 87.7 86.2 87.9 86.6
     Earning Asset Yield * 2/ 18.0 18.0 18.4 18.3
     Funding Cost * 3/ 6.6 6.5 6.5 6.4
     Interest Spread * 4/ 11.5 11.5 11.9 11.9
     Net Interest Margin * 5/ 10.5 10.4 10.9 10.8
     Net Interest Income to Total Operating Income  71.2 71.5 71.3 70.6
     Cost to Income Ratio * 6/ 82.3 82.3 76.8 77.4
     Return on Assets  1.4 1.3 2.1 2.0
     Return on Equity  9.3 9.1 14.0 13.6
     Capital Adequacy Ratio (CAR) 7/  
            Solo Basis 15.8 15.3 16.4 14.8
            Consolidated Basis 15.8 15.3 16.4 14.8
     Total Capital Accounts to Total Assets 14.3 13.8 14.5 14.6
         
     
* Annualized
1/ Inclusive of Fixed Assets
2/ Refers to the ratio of Interest Income to Average Earning Assets
3/ Refers to the ratio of Interest Expenses to Average Interest-Bearing Liabilities
4/ Refers to the difference between Earning Asset Yield and Funding Cost
5/ Refers to the ratio of Net Interest Income to Average Earning Assets
5/ Refers to the ratio of Operating Expenses (exclusive of Bad Debts and Provisions) to Total Operating Income  
6/ Refers to the ratio of Operating Expenses (exclusive of Bad Debts and Provisions) to Total Operating Income
7/ Based on the new framework provided for under Circular No. 280 dated 29 March 2001 which was formally adopted starting 1 July 2001
Note: Details may not add up to totals due to rounding-off
Source: Supervisory Data Center, Supervision and Examination Sector
Updated as of 1April 2008