Lakeville, CT · Cert 18467
FDIC · 13 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.
Lakeville, CT · Cert 18467
FDIC · 13 branches
Q2 2023
Market Position · Kiryas Joel-Poughkeepsie-Newburgh, NY · 2023 SOD (annual) · 2.8% share · #11 of 27 inst. · $0.5B of $18.7B
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 | 1.26% | 1.24% | 1.02% | 1.07% | 1.13% | 1.16% | 0.93% | 0.98% | -9 bps | |
| Return on Equity | 12.24% | 12.07% | 10.09% | 10.76% | 11.48% | 11.86% | 9.73% | 10.18% | -58 bps | |
| Net Interest Margin | 2.81% | 2.81% | 2.86% | 2.97% | 2.95% | 2.99% | 2.91% | 2.68% | -29 bps | |
| Efficiency Ratio | 58.07% | 58.78% | 63.15% | 59.83% | 58.47% | 57.89% | 60.59% | 62.91% | +308 bps | |
| Non-Interest Burden | 1.31% | 1.34% | 1.51% | 1.43% | 1.40% | 1.41% | 1.49% | 1.42% | -2 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 14.29% | 18.18% | 4.39% | 4.12% | 2.34% | 0.84% | 6.87% | 4.18% | +6 bps | |
| Loan Growth (YoY) | 2.28% | 3.66% | 2.16% | 9.95% | 11.16% | 13.50% | 15.78% | 9.01% | -93 bps | |
| Deposit Growth (YoY) | 18.12% | 18.71% | 5.59% | 5.79% | 2.68% | 1.58% | 0.12% | 3.28% | -251 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.47% | 0.39% | 0.25% | 0.37% | 0.16% | 0.22% | 0.18% | 0.11% | -26 bps | |
| Net Charge-Offs / Loans | 0.01% | 0.01% | 0.15% | 0.13% | 0.09% | 0.07% | 0.01% | 0.01% | -11 bps | |
| Allowance / Loans | 1.23% | 1.20% | 1.20% | 1.19% | 1.20% | 1.21% | 1.28% | 1.24% | +5 bps | |
| Allowance Coverage of NPLs | 2.6x | 3.1x | 4.7x | 3.2x | 7.7x | 5.6x | 7.1x | 11.8x | +8.5x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.31% | 9.42% | 9.66% | 10.04% | 9.83% | 9.99% | 9.98% | 10.15% | +12 bps | |
| Total Risk-Based Capital | 14.20% | 14.08% | 13.98% | 13.28% | 13.24% | 13.43% | 13.41% | 13.66% | +38 bps | |
| Equity / Assets | 10.23% | 10.09% | 10.10% | 9.71% | 9.34% | 9.52% | 9.64% | 9.73% | +2 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 82.64% | 80.62% | 83.30% | 86.93% | 89.47% | 90.08% | 96.33% | 91.76% | +482 bps | |
| Liquid Assets / Assets | 10.72% | 11.05% | 6.42% | 4.21% | 3.31% | 2.90% | 2.80% | 2.97% | -124 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |