Spring City, TN · Cert 10693
FDIC · 13 branches
Q2 2024
Market Position · Chattanooga, TN-GA · 2024 SOD (annual) · 1.0% share · #18 of 29 inst. · $0.2B of $15.1B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.74% | 0.88% | 0.91% | 2.41% | 0.49% | 0.86% | 0.89% | -7.32% | -972 bps | |
| Return on Equity | 9.54% | 10.90% | 10.55% | 27.47% | 5.93% | 10.33% | 10.14% | -91.85% | -11,933 bps | |
| Net Interest Margin | 4.21% | 4.39% | 4.20% | 4.61% | 3.91% | 3.93% | 3.78% | 3.79% | -82 bps | |
| Efficiency Ratio | 76.03% | 73.82% | 74.95% | 58.05% | 85.29% | 76.10% | 74.11% | 257% | +19,859 bps | |
| Non-Interest Burden | 3.02% | 3.03% | 2.94% | 2.33% | 3.25% | 2.81% | 2.62% | 10.87% | +854 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -3.74% | -4.29% | -4.57% | -3.29% | 1.62% | 0.95% | 2.30% | -2.32% | +97 bps | |
| Loan Growth (YoY) | 10.07% | 8.52% | 0.96% | -0.83% | -2.16% | -4.55% | -3.59% | -9.71% | -888 bps | |
| Deposit Growth (YoY) | -2.33% | -6.49% | -7.20% | -7.21% | -1.28% | 3.04% | 4.37% | 1.36% | +857 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.75% | 0.90% | 0.98% | 1.03% | 1.07% | 0.77% | 0.76% | 0.76% | -27 bps | |
| Net Charge-Offs / Loans | -0.16% | -0.06% | 0.08% | -1.33% | 0.11% | 0.03% | 0.05% | 0.05% | +139 bps | |
| Allowance / Loans | 1.19% | 1.27% | 1.19% | 1.26% | 1.27% | 1.29% | 1.31% | 1.39% | +13 bps | |
| Allowance Coverage of NPLs | 1.6x | 1.4x | 1.2x | 1.2x | 1.2x | 1.7x | 1.7x | 1.8x | +0.6x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.52% | 9.88% | 10.11% | 10.30% | 9.80% | 9.98% | 10.21% | 8.34% | -196 bps | |
| Total Risk-Based Capital | 9.52% | 9.88% | 10.11% | 10.30% | 9.80% | 9.98% | 10.21% | 8.34% | -196 bps | |
| Equity / Assets | 7.82% | 8.34% | 8.82% | 8.72% | 7.90% | 8.81% | 8.80% | 7.10% | -162 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 85.69% | 89.43% | 86.70% | 87.27% | 84.92% | 82.85% | 80.09% | 77.74% | -953 bps | |
| Liquid Assets / Assets | 3.49% | 3.20% | 5.89% | 6.34% | 9.01% | 9.22% | 12.08% | 13.46% | +712 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |