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 (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.10% | 0.54% | 0.25% | 0.58% | 0.28% | 0.82% | 0.57% | -0.21% | -79 bps | |
| Return on Equity | 1.23% | 6.65% | 3.19% | 7.79% | 3.84% | 11.48% | 7.36% | -2.77% | -1,056 bps | |
| Net Interest Margin | 2.24% | 2.14% | 2.07% | 2.50% | 2.80% | 3.07% | 2.84% | 2.49% | -1 bps | |
| Efficiency Ratio | 89.63% | 82.17% | 86.47% | 73.92% | 71.19% | 64.44% | 71.44% | 94.92% | +2,100 bps | |
| Non-Interest Burden | 1.97% | 1.69% | 1.74% | 1.75% | 1.88% | 1.85% | 1.90% | 2.34% | +59 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 | 0.01% | -0.16% | 0.00% | -0.05% | 0.01% | 0.00% | 0.00% | 0.30% | +34 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 |