Blakely, GA · Cert 15813
FDIC · 4 branches
Q1 2024
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2024, the quarter ended March 31, 2024, 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.
Blakely, GA · Cert 15813
FDIC · 4 branches
Q1 2024
Market Position · Macon-Bibb County, GA · 2023 SOD (annual) · 1.3% share · #14 of 21 inst. · $0.1B of $5.2B
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 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.30% | 0.45% | 0.56% | 0.71% | 0.77% | 0.66% | 0.62% | -0.95% | -167 bps | |
| Return on Equity | 2.82% | 4.32% | 5.26% | 6.24% | 6.87% | 6.04% | 5.68% | -8.80% | -1,504 bps | |
| Net Interest Margin | 3.86% | 3.73% | 3.85% | 3.96% | 3.95% | 3.74% | 3.58% | 3.47% | -49 bps | |
| Efficiency Ratio | 80.60% | 77.76% | 75.93% | 76.40% | 74.83% | 78.14% | 79.45% | 83.96% | +756 bps | |
| Non-Interest Burden | 3.04% | 2.83% | 2.85% | 2.95% | 2.88% | 2.86% | 2.79% | 2.87% | -8 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.05% | 12.91% | 13.27% | 21.30% | 20.90% | 16.16% | 15.68% | 3.67% | -1,763 bps | |
| Loan Growth (YoY) | 20.96% | 20.91% | 30.41% | 26.35% | 17.23% | 16.72% | 11.37% | 5.99% | -2,036 bps | |
| Deposit Growth (YoY) | 2.98% | 11.47% | 9.70% | 17.67% | 18.50% | 10.10% | 13.39% | 3.99% | -1,367 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.42% | 0.46% | 0.28% | 0.22% | 0.22% | 0.20% | 0.77% | 0.20% | -2 bps | |
| Net Charge-Offs / Loans | -0.01% | -0.02% | 0.03% | -0.04% | -0.10% | -0.07% | -0.06% | 1.80% | +184 bps | |
| Allowance / Loans | 1.50% | 1.54% | 1.50% | 1.50% | 1.48% | 1.45% | 1.46% | 1.45% | -5 bps | |
| Allowance Coverage of NPLs | 3.6x | 3.4x | 5.3x | 6.7x | 6.7x | 7.2x | 1.9x | 7.2x | +0.5x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.56% | 10.65% | 11.76% | 11.72% | 11.30% | 10.91% | 10.68% | 10.66% | -106 bps | |
| Total Risk-Based Capital | 13.57% | 14.49% | 15.16% | 15.22% | 14.56% | 14.68% | 14.59% | 14.79% | -43 bps | |
| Equity / Assets | 10.20% | 10.30% | 11.53% | 11.35% | 10.65% | 10.37% | 10.49% | 11.17% | -18 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 98.49% | 92.07% | 97.84% | 97.43% | 97.43% | 97.61% | 96.10% | 99.31% | +188 bps | |
| Liquid Assets / Assets | 9.18% | 14.46% | 10.70% | 11.32% | 12.07% | 14.26% | 14.64% | 10.24% | -108 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |