Englewood, FL · Cert 27205
FDIC · 5 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.
Englewood, FL · Cert 27205
FDIC · 5 branches
Q2 2023
Market Position · North Port-Bradenton-Sarasota, FL · 2023 SOD (annual) · 0.8% share · #24 of 40 inst. · $0.2B of $30.1B
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 | 1.15% | 1.10% | 0.51% | 0.52% | 0.75% | 1.02% | 1.95% | 1.92% | +140 bps | |
| Return on Equity | 14.62% | 14.14% | 7.11% | 7.57% | 10.84% | 14.70% | 26.80% | 25.79% | +1,822 bps | |
| Net Interest Margin | 2.16% | 2.16% | 1.87% | 1.87% | 2.19% | 2.53% | 3.81% | 4.00% | +213 bps | |
| Efficiency Ratio | 63.09% | 71.94% | 74.11% | 73.43% | 65.76% | 58.28% | 42.38% | 44.52% | -2,891 bps | |
| Non-Interest Burden | 1.09% | 1.35% | 1.22% | 1.23% | 1.26% | 1.27% | 1.36% | 1.53% | +30 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 29.10% | 28.18% | 24.28% | 16.11% | 12.46% | 13.72% | 3.18% | -5.84% | -2,194 bps | |
| Loan Growth (YoY) | -3.29% | -5.01% | -11.20% | -7.31% | -2.73% | 2.51% | 12.91% | 5.90% | +1,321 bps | |
| Deposit Growth (YoY) | 31.10% | 29.70% | 25.73% | 17.20% | 13.42% | 14.43% | 2.03% | -7.30% | -2,450 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.21% | 0.19% | 0.12% | 0.07% | 0.07% | 0.00% | -19 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | -0.09% | -0.04% | -0.03% | -0.02% | 0.00% | 0.00% | +4 bps | |
| Allowance / Loans | 1.83% | 1.29% | 1.43% | 1.32% | 1.28% | 1.28% | 1.27% | 1.24% | -7 bps | |
| Allowance Coverage of NPLs | n/a | n/a | 6.9x | 6.9x | 10.8x | 19.3x | 19.3x | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 7.56% | 7.70% | 7.36% | 7.07% | 7.49% | 7.66% | 8.00% | 8.14% | +107 bps | |
| Total Risk-Based Capital | 20.49% | 21.35% | 23.04% | 21.90% | 23.17% | 23.59% | 25.10% | 23.50% | +160 bps | |
| Equity / Assets | 7.72% | 7.60% | 6.68% | 6.55% | 6.96% | 6.95% | 7.62% | 7.83% | +128 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 41.62% | 38.13% | 31.30% | 33.51% | 35.69% | 34.16% | 34.64% | 38.29% | +477 bps | |
| Liquid Assets / Assets | 51.23% | 54.78% | 58.24% | 56.83% | 54.19% | 57.06% | 55.04% | 51.67% | -515 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |