Ehrhardt, SC · Cert 11539 · Varn Financial Corp.
State charter, non-member · FDIC · 12 branches
Q2 2026
Market Position · Charleston-North Charleston, SC · 2026 SOD (annual) · 0.2% share · #28 of 37 inst. · $0.1B of $25.6B
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 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.53% | 0.53% | 0.67% | 0.78% | 0.80% | 2.30% | 8.55% | 6.21% | +543 bps | |
| Return on Equity | 19.37% | 18.70% | 20.49% | 22.48% | 21.97% | 55.88% | 123.01% | 80.70% | +5,822 bps | |
| Net Interest Margin | 2.99% | 2.88% | 3.07% | 3.23% | 3.29% | 3.42% | 3.46% | 3.48% | +25 bps | |
| Efficiency Ratio | 79.48% | 79.13% | 75.32% | 73.69% | 73.41% | 70.92% | 23.19% | 36.69% | -3,700 bps | |
| Non-Interest Burden | 2.28% | 2.19% | 2.21% | 2.26% | 2.30% | 2.26% | -5.58% | -1.39% | -366 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -3.78% | 7.55% | 10.88% | 6.03% | 6.60% | -0.50% | 3.27% | 9.41% | +337 bps | |
| Loan Growth (YoY) | -2.37% | -1.32% | 0.68% | 3.11% | 9.35% | 7.80% | 9.61% | 11.23% | +812 bps | |
| Deposit Growth (YoY) | -3.01% | 6.69% | 9.89% | 5.07% | 5.42% | -3.57% | -4.14% | 0.84% | -422 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 3.49% | 4.77% | 3.89% | 4.16% | 4.06% | 3.78% | 3.70% | 3.64% | -52 bps | |
| Net Charge-Offs / Loans | 0.14% | 0.31% | 0.46% | 0.37% | 0.27% | 0.41% | 0.10% | 0.11% | -26 bps | |
| Allowance / Loans | 0.85% | 0.71% | 0.68% | 0.68% | 0.70% | 0.70% | 0.74% | 0.71% | +3 bps | |
| Allowance Coverage of NPLs | 0.2x | 0.1x | 0.2x | 0.2x | 0.2x | 0.2x | 0.2x | 0.2x | 0.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 7.00% | 6.88% | 6.78% | 6.94% | 7.22% | 7.57% | 9.53% | 9.26% | +232 bps | |
| Total Risk-Based Capital | 13.50% | 13.19% | 13.35% | 13.53% | 13.38% | 13.39% | 16.43% | 16.13% | +260 bps | |
| Equity / Assets | 3.16% | 3.12% | 3.38% | 3.86% | 4.23% | 6.05% | 7.80% | 9.10% | +524 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 57.12% | 54.23% | 53.52% | 56.42% | 59.24% | 60.62% | 61.20% | 62.23% | +581 bps | |
| Liquid Assets / Assets | 39.72% | 40.99% | 41.07% | 36.92% | 33.50% | 31.13% | 31.72% | 29.05% | -787 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 243% | 235% | 222% | n/a | n/a | |