Gates, TN · Cert 10306
FDIC · 1 branch
Q2 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2023, the quarter ended June 30, 2023, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Gates, TN · Cert 10306
FDIC · 1 branch
Q2 2023
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.79% | 0.77% | 0.65% | 0.63% | 0.64% | 0.50% | 0.31% | 0.23% | -40 bps | |
| Return on Equity | 6.88% | 6.62% | 6.13% | 6.69% | 7.33% | 5.91% | 3.75% | 2.51% | -418 bps | |
| Net Interest Margin | 2.27% | 2.15% | 2.24% | 2.06% | 2.04% | 1.87% | 1.83% | 1.84% | -22 bps | |
| Efficiency Ratio | 71.72% | 73.58% | 75.57% | 74.60% | 73.80% | 77.50% | 90.44% | 94.34% | +1,974 bps | |
| Non-Interest Burden | 1.60% | 1.56% | 1.66% | 1.50% | 1.47% | 1.42% | 1.64% | 1.73% | +23 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 4.39% | -4.98% | -3.30% | 10.17% | 5.75% | 1.20% | -7.43% | -31.20% | -4,137 bps | |
| Loan Growth (YoY) | -13.80% | -15.79% | 8.08% | 23.29% | 28.93% | 21.25% | -5.72% | -23.04% | -4,633 bps | |
| Deposit Growth (YoY) | 7.82% | -3.31% | -1.15% | 16.61% | 11.98% | 5.95% | -7.51% | -34.32% | -5,093 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 2.29% | 2.60% | 1.98% | 1.76% | 1.78% | 2.14% | 2.10% | 2.29% | +53 bps | |
| Allowance Coverage of NPLs | 23.5x | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.56% | 9.82% | 10.60% | 9.77% | 9.88% | 9.26% | 10.92% | 11.68% | +192 bps | |
| Total Risk-Based Capital | 21.56% | 17.91% | 19.06% | 17.21% | 17.90% | 20.43% | 20.21% | 22.30% | +508 bps | |
| Equity / Assets | 11.82% | 11.83% | 9.51% | 7.01% | 6.87% | 7.82% | 8.99% | 10.56% | +354 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 28.85% | 25.66% | 32.69% | 31.37% | 33.22% | 29.37% | 33.32% | 36.75% | +539 bps | |
| Liquid Assets / Assets | 0.08% | 0.09% | 0.10% | 0.09% | 0.18% | 0.20% | 0.35% | 0.42% | +33 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |