Wake Forest, NC · Cert 27704
FDIC · 1 branch
Q4 2023
Market Position · Raleigh-Cary, NC · 2023 SOD (annual) · 0.1% share · #23 of 36 inst. · $0.1B of $81.6B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.07% | 1.29% | 1.40% | 1.70% | 1.71% | 1.68% | 2.23% | -2.32% | -402 bps | |
| Return on Equity | 4.64% | 5.81% | 6.27% | 7.40% | 7.45% | 7.55% | 9.92% | -10.47% | -1,787 bps | |
| Net Interest Margin | 2.81% | 3.03% | 3.54% | 3.97% | 4.02% | 4.03% | 3.95% | 3.84% | -13 bps | |
| Efficiency Ratio | 53.03% | 52.80% | 46.84% | 46.69% | 48.23% | 48.14% | 41.01% | 174.11% | +12,742 bps | |
| Non-Interest Burden | 1.45% | 1.38% | 1.62% | 1.80% | 1.89% | 1.88% | 0.92% | 6.76% | +496 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 1.61% | 1.59% | 3.41% | 0.97% | 4.92% | 4.38% | 6.08% | 11.84% | +1,087 bps | |
| Loan Growth (YoY) | -2.12% | 0.04% | -2.78% | 3.98% | 5.23% | 5.02% | 6.59% | 9.62% | +564 bps | |
| Deposit Growth (YoY) | 1.30% | 2.25% | 4.69% | 1.26% | 5.94% | 3.91% | 6.26% | 14.44% | +1,318 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.14% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 2.16% | 2.09% | 2.12% | 2.12% | 2.05% | 1.99% | 1.99% | 1.27% | -85 bps | |
| Allowance Coverage of NPLs | n/a | 15.3x | 15.3x | n/a | n/a | n/a | n/a | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 22.42% | 22.19% | 22.64% | 23.12% | 23.38% | 22.37% | 23.10% | 21.81% | -131 bps | |
| Total Risk-Based Capital | 22.42% | 22.19% | 22.64% | 23.12% | 23.38% | 22.37% | 23.10% | 21.81% | -131 bps | |
| Equity / Assets | 22.26% | 22.23% | 22.31% | 23.65% | 22.27% | 22.38% | 22.48% | 21.88% | -177 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 78.00% | 78.83% | 77.33% | 82.22% | 77.48% | 79.67% | 77.57% | 78.76% | -346 bps | |
| Liquid Assets / Assets | 31.91% | 33.91% | 32.95% | 30.08% | 32.97% | 32.55% | 32.54% | 33.37% | +329 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |