Somerset, OH · Cert 2289
FDIC · 3 branches
Q3 2024
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2024, the quarter ended September 30, 2024, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
Banks under $1B in assets operating in a single state (n=831 to 839). Each measure ranks only the institutions that reported it, so n varies by measure.
Peer groups below the disclosure floor are suppressed.
Capital
22
Asset Quality
22
Profitability
10
Liquidity
47
Efficiency
7
Growth
No peer data yet
Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.
Somerset, OH · Cert 2289
FDIC · 3 branches
Q3 2024
Market Position · Columbus, OH · 2024 SOD (annual) · 0.1% share · #39 of 54 inst. · $0.1B of $105.0B
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 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.04% | -0.02% | -0.27% | -0.32% | -0.83% | 0.07% | 0.12% | -0.31% | +1 bps | |
| Return on Equity | 0.80% | -0.44% | -5.54% | -6.86% | -17.69% | 1.68% | 2.57% | -6.66% | +21 bps | |
| Net Interest Margin | 2.76% | 2.92% | 2.84% | 2.83% | 2.87% | 2.70% | 2.57% | 2.60% | -23 bps | |
| Efficiency Ratio | 99.27% | 99.61% | 109.11% | 112.38% | 111.82% | 97.26% | 96.18% | 101.24% | -1,115 bps | |
| Non-Interest Burden | 2.72% | 2.89% | 3.11% | 3.22% | 3.26% | 2.61% | 2.45% | 2.64% | -58 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -1.23% | -6.34% | -5.42% | -11.37% | -3.84% | 2.18% | 1.98% | -1.65% | +972 bps | |
| Loan Growth (YoY) | 3.18% | 3.84% | 7.20% | 7.09% | 6.78% | -1.64% | -5.29% | -5.36% | -1,245 bps | |
| Deposit Growth (YoY) | 1.90% | -5.64% | -8.94% | -11.60% | -4.64% | 3.41% | 6.39% | -2.54% | +906 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 3.44% | 3.19% | 3.01% | 2.15% | 2.59% | 1.96% | 2.18% | 2.23% | +9 bps | |
| Net Charge-Offs / Loans | -0.08% | 0.09% | 0.04% | 0.14% | 0.11% | 0.05% | 0.06% | 0.04% | -10 bps | |
| Allowance / Loans | 0.88% | 0.83% | 0.81% | 0.75% | 0.75% | 0.75% | 0.76% | 0.73% | -2 bps | |
| Allowance Coverage of NPLs | 0.3x | 0.3x | 0.3x | 0.4x | 0.3x | 0.4x | 0.3x | 0.3x | 0.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 6.41% | 6.81% | 6.68% | 6.56% | 6.63% | 6.77% | 6.45% | 6.31% | -24 bps | |
| Total Risk-Based Capital | 13.90% | 13.14% | 12.80% | 12.42% | 12.57% | 12.66% | 12.56% | 12.82% | +41 bps | |
| Equity / Assets | 4.82% | 5.00% | 4.67% | 4.35% | 4.61% | 4.31% | 4.52% | 5.10% | +75 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 56.54% | 61.91% | 64.08% | 61.07% | 63.30% | 58.89% | 57.05% | 59.30% | -177 bps | |
| Liquid Assets / Assets | 4.78% | 0.05% | 0.38% | 0.42% | 0.39% | 0.95% | 1.02% | 0.08% | -34 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
Somerset, OH · Cert 2289 · Peer group: banks under $1B in assets operating in a single state (n=831-839)
FDIC · 3 branches
Q3 2024
Return on Assets
-0.32%
Rank 804 of 839
Net Interest Margin
2.60%
Rank 654 of 839
Efficiency Ratio
101.24%
Rank 785 of 839
Equity / Assets
5.10%
Rank 824 of 839
| Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | -0.32% | 0.43% | 0.82% | 1.23% | Beats 4% | 804 / 839 | ||
| Return on Equity | -6.19% | 4.40% | 8.26% | 11.89% | Beats 3% | 815 / 838 | ||
| Net Interest Margin | 2.60% | 2.65% | 3.21% | 3.75% | Beats 22% | 654 / 839 | ||
| Efficiency Ratio | 101.24% | 59.79% | 70.74% | 82.35% | Beats 7% | 785 / 839 | ||
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 2.23% | 0.06% | 0.34% | 0.94% | Beats 6% | 780 / 831 | ||
| Net Charge-Offs / Loans | 0.03% | 0.00% | 0.02% | 0.07% | Beats 38% | 513 / 831 | ||
| Capital | ||||||||
| Tier 1 Capital Ratio | 12.05% | 11.54% | 13.98% | 17.81% | Beats 30% | 588 / 839 | ||
| Total Risk-Based Capital Ratio | 12.82% | 11.86% | 14.62% | 18.85% | Beats 33% | 566 / 839 | ||
| Equity / Assets | 5.10% | 8.28% | 9.86% | 12.27% | Beats 2% | 824 / 839 | ||
| Liquidity & Funding | ||||||||
| Loans / Deposits | 59.30% | 60.71% | 77.12% | 90.27% | 24th pctl | 637 / 839 | ||
| Loans / Assets | 55.53% | 52.08% | 65.62% | 75.95% | 30th pctl | 581 / 831 | ||
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||