PackageTrendsPeer
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Gates Banking and Trust Company

Gates, TN · Cert 10306

FDIC · 1 branch

Q2 2023

$41.2MAssets
$13.4MLoans
$36.4MDeposits
$4.3MEquity
Loan mix
77%RE $9.3M22%C&I $2.7M2%Consumer $0.2MQ3 2021Q2 2023
Deposit mix
81%Interest-bearing $29.5M19%Noninterest $6.9MQ3 2021Q2 2023

Executive Summary

  • Earnings: ROA of 0.12%, down 49 bps year over year; NIM at 1.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.68%, up 192 bps from a year ago.
  • Funding: loans stand at 36.75% of deposits as of Q2 2023.

Return on Assets (quarter, annualized)

0.12%-49 bps YoY

Net Interest Margin (quarter, annualized)

1.73%-36 bps YoY

Efficiency Ratio (quarter, annualized)

98.67%+2,502 bps YoY

Tier 1 Leverage Ratio

11.68%+192 bps YoY

NIM

2.43%Q2 ’212.44%Q2 ’222.92%Q2 ’23-6%-17%

Non-interest income vs. expense

1.68%Q2 ’211.63%Q2 ’221.85%Q2 ’23-6%+13%

Discrete quarter, annualized.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets0.71%0.69%0.65%0.61%0.64%0.09%0.31%0.12%-49 bps
Return on Equity6.01%5.83%6.13%7.48%9.24%1.20%3.75%1.28%-619 bps
Net Interest Margin2.22%2.07%2.24%2.09%2.03%1.65%1.83%1.73%-36 bps
Efficiency Ratio70.45%79.58%75.57%73.65%72.20%91.02%90.44%98.67%+2,502 bps
Non-Interest Burden1.53%1.64%1.66%1.50%1.42%1.50%1.64%1.70%+20 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 / Loans0.10%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans2.29%2.60%1.98%1.76%1.78%2.14%2.10%2.29%+53 bps
Allowance Coverage of NPLs23.5xn/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.56%9.82%10.60%9.77%9.88%9.26%10.92%11.68%+192 bps
Total Risk-Based Capital21.56%17.91%19.06%17.21%17.90%20.43%20.21%22.30%+508 bps
Equity / Assets11.82%11.83%9.51%7.01%6.87%7.82%8.99%10.56%+354 bps
Liquidity & Funding
Loans / Deposits28.85%25.66%32.69%31.37%33.22%29.37%33.32%36.75%+539 bps
Liquid Assets / Assets0.08%0.09%0.10%0.09%0.18%0.20%0.35%0.42%+33 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a