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 (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.07% | 0.98% | 0.51% | 0.53% | 1.18% | 1.81% | 1.95% | 1.87% | +133 bps | |
| Return on Equity | 14.10% | 12.75% | 7.11% | 8.07% | 17.49% | 25.99% | 26.80% | 24.18% | +1,611 bps | |
| Net Interest Margin | 2.22% | 2.22% | 1.87% | 1.99% | 2.81% | 3.59% | 3.81% | 4.00% | +201 bps | |
| Efficiency Ratio | 62.96% | 97.86% | 74.11% | 72.79% | 54.40% | 43.27% | 42.38% | 46.67% | -2,613 bps | |
| Non-Interest Burden | 1.14% | 2.16% | 1.22% | 1.31% | 1.31% | 1.31% | 1.36% | 1.62% | +31 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 | 0.02% | -0.01% | -0.09% | -0.01% | 0.01% | 0.00% | 0.00% | 0.00% | +1 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 |