South Miami, FL · Cert 17093
FDIC · 3 branches
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.
South Miami, FL · Cert 17093
FDIC · 3 branches
Q2 2023
Market Position · Miami-Fort Lauderdale-West Palm Beach, FL · 2023 SOD (annual) · 0.3% share · #37 of 85 inst. · $0.9B of $334.1B
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 | 0.37% | 0.41% | 0.25% | 0.41% | 0.37% | 0.48% | 0.57% | 0.18% | -24 bps | |
| Return on Equity | 4.12% | 4.76% | 3.19% | 5.42% | 4.94% | 6.42% | 7.36% | 2.34% | -308 bps | |
| Net Interest Margin | 2.47% | 2.28% | 2.07% | 2.30% | 2.48% | 2.66% | 2.84% | 2.72% | +42 bps | |
| Efficiency Ratio | 82.21% | 82.20% | 86.47% | 79.74% | 76.57% | 73.14% | 71.44% | 82.20% | +245 bps | |
| Non-Interest Burden | 1.96% | 1.81% | 1.74% | 1.75% | 1.81% | 1.84% | 1.90% | 2.16% | +40 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 21.48% | 25.75% | 15.44% | 8.07% | -0.58% | -7.36% | -10.78% | -3.25% | -1,131 bps | |
| Loan Growth (YoY) | -9.23% | -10.90% | -16.19% | -8.42% | -1.61% | 8.72% | 16.79% | 14.79% | +2,321 bps | |
| Deposit Growth (YoY) | 25.08% | 28.76% | 17.58% | 7.52% | 0.01% | -7.09% | -12.34% | -2.41% | -993 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.22% | 0.55% | 0.57% | 0.61% | 0.36% | 0.71% | 0.49% | 0.36% | -26 bps | |
| Net Charge-Offs / Loans | 0.00% | -0.04% | 0.00% | -0.02% | -0.01% | -0.01% | 0.00% | 0.15% | +17 bps | |
| Allowance / Loans | 1.43% | 1.45% | 1.51% | 1.47% | 1.47% | 1.47% | 1.53% | 1.60% | +14 bps | |
| Allowance Coverage of NPLs | 1.2x | 2.7x | 2.6x | 2.4x | 4.1x | 2.1x | 3.1x | 4.5x | +2.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.60% | 8.23% | 7.98% | 8.21% | 8.37% | 8.80% | 9.25% | 9.29% | +108 bps | |
| Total Risk-Based Capital | 17.09% | 17.59% | 17.43% | 16.71% | 15.84% | 15.68% | 15.40% | 14.41% | -230 bps | |
| Equity / Assets | 8.24% | 7.99% | 7.51% | 7.42% | 6.92% | 7.33% | 8.07% | 7.06% | -37 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 63.34% | 58.60% | 55.30% | 59.55% | 62.31% | 68.58% | 73.68% | 70.04% | +1,049 bps | |
| Liquid Assets / Assets | 35.96% | 37.38% | 34.36% | 26.74% | 20.54% | 14.61% | 10.32% | 16.06% | -1,068 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |