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Peoples Bank and Trust Company of Pointe Coupee Parish

New Roads, LA · Cert 23090

FDIC · 4 branches

Q2 2023

$319.7MAssets
$254.3MLoans
$251.7MDeposits
$62.3MEquity
Loan mix
90%RE $217.2M8%C&I $18.2M2%Consumer $4.7MQ2 2022Q2 2023
Deposit mix
69%Interest-bearing $173.5M31%Noninterest $78.2MQ2 2022Q2 2023

NIM

4.77%Q2 ’214.31%Q2 ’225.85%Q2 ’23-1%+28%

Non-interest income vs. expense

1.88%Q2 ’211.85%Q2 ’221.97%Q2 ’23-1%+6%

Market Position · Baton Rouge, LA · 2023 SOD (annual) · 1.0% share · #13 of 36 inst. · $0.3B of $26.5B

32.3% Pointe Coupee
0.3% East Baton Rouge

Executive Summary

  • Earnings: ROA of 1.95%, up 17 bps year over year; NIM at 4.96%.
  • Asset quality: problem loans at 4.66% of loans (+298 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 19.36%, up 397 bps from a year ago.
  • Funding: loans stand at 101.03% of deposits as of Q2 2023.

Financial Results

Return on Assets (quarter, annualized)

1.95%+17 bps YoY

Net Interest Margin (quarter, annualized)

4.96%+109 bps YoY

Efficiency Ratio (quarter, annualized)

37.83%-726 bps YoY

Tier 1 Leverage Ratio

19.36%+397 bps YoY

Discrete quarter, annualized.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets1.78%2.10%2.55%1.83%1.95%+17 bps
Return on Equity11.88%13.05%14.95%10.14%10.24%-164 bps
Net Interest Margin3.87%4.50%4.95%4.82%4.96%+109 bps
Efficiency Ratio45.09%43.70%40.12%36.16%37.83%-726 bps
Non-Interest Burden1.62%1.79%1.84%1.57%1.72%+10 bps
Growth
Asset Growth (YoY)-2.75%-7.99%-12.06%-14.53%-11.52%-877 bps
Loan Growth (YoY)-8.75%-6.82%-7.85%-6.75%-4.60%+416 bps
Deposit Growth (YoY)-3.63%-11.32%-14.59%-17.87%-14.62%-1,099 bps
Asset Quality
Nonperforming Loans / Loans1.68%0.72%1.42%2.88%4.66%+298 bps
Net Charge-Offs / Loans0.01%0.00%0.01%0.00%0.00%-1 bps
Allowance / Loans0.71%0.71%0.74%1.03%1.27%+56 bps
Allowance Coverage of NPLs0.4x1.0x0.5x0.4x0.3x-0.2x
Capital
Tier 1 Leverage Ratio15.38%16.78%17.45%18.64%19.36%+397 bps
Total Risk-Based Capital15.38%16.78%17.45%18.64%19.36%+397 bps
Equity / Assets15.60%16.54%17.57%18.59%19.48%+388 bps
Liquidity & Funding
Loans / Deposits90.41%94.92%93.98%98.30%101.03%+1,061 bps
Liquid Assets / Assets16.05%14.87%13.42%12.20%10.24%-581 bps
CRE / Total Capitaln/an/an/an/an/an/an/a