Wadley, AL · Cert 1744
FDIC · 5 branches
Q3 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2023, the quarter ended September 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.
Wadley, AL · Cert 1744
FDIC · 5 branches
Q3 2023
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 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.89% | 0.92% | 0.97% | 0.99% | 1.12% | 1.28% | 1.28% | 1.25% | +25 bps | |
| Return on Equity | 18.08% | 10.79% | 12.94% | 15.05% | 17.91% | 23.41% | 22.46% | 22.27% | +722 bps | |
| Net Interest Margin | 3.33% | 2.60% | 2.68% | 2.82% | 3.03% | 3.35% | 3.38% | 3.38% | +56 bps | |
| Efficiency Ratio | 57.83% | 65.27% | 63.81% | 60.67% | 58.88% | 54.09% | 55.91% | 57.60% | -307 bps | |
| Non-Interest Burden | 1.68% | 1.46% | 1.46% | 1.44% | 1.50% | 1.51% | 1.61% | 1.67% | +23 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 14.97% | 11.74% | 10.76% | 9.76% | 3.48% | 4.34% | -1.80% | -3.22% | -1,298 bps | |
| Loan Growth (YoY) | -4.53% | -16.37% | -1.12% | 18.30% | 12.70% | 22.34% | 7.22% | 15.51% | -279 bps | |
| Deposit Growth (YoY) | 16.38% | 16.01% | 17.35% | 17.48% | 9.16% | 5.76% | -2.53% | -4.52% | -2,200 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.61% | 0.60% | 0.27% | 0.39% | 0.26% | 0.24% | 0.24% | 0.20% | -19 bps | |
| Net Charge-Offs / Loans | -0.01% | -0.14% | -0.04% | 0.00% | 0.00% | 0.03% | 0.06% | 0.03% | +2 bps | |
| Allowance / Loans | 1.23% | 1.33% | 1.23% | 1.16% | 1.09% | 1.05% | 1.09% | 0.99% | -17 bps | |
| Allowance Coverage of NPLs | 2.0x | 2.2x | 4.5x | 3.0x | 4.2x | 4.4x | 4.6x | 5.0x | +2.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.48% | 8.31% | 8.59% | 8.46% | 8.85% | 9.15% | 9.61% | 9.69% | +123 bps | |
| Total Risk-Based Capital | 16.70% | 17.08% | 16.71% | 16.82% | 16.92% | 17.31% | 18.15% | 17.39% | +58 bps | |
| Equity / Assets | 9.87% | 7.23% | 5.41% | 4.14% | 4.96% | 5.97% | 6.09% | 5.36% | +122 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 29.30% | 26.60% | 26.93% | 27.31% | 30.25% | 30.77% | 29.62% | 33.04% | +573 bps | |
| Liquid Assets / Assets | 11.64% | 9.25% | 3.27% | 3.83% | 3.55% | 3.53% | 2.76% | 2.25% | -158 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |