PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Standard Bank, Pasb

Murrysville, PA · Cert 27757

FDIC · 18 branches

Q2 2022

$996.3MAssets
$625.1MLoans
$791.6MDeposits
$151.8MEquity
Loan mix
94%RE $483.0M5%C&I $27.9M0%Consumer $0.4MQ3 2020Q2 2022
Deposit mix
72%Interest-bearing $570.9M28%Noninterest $220.7MQ3 2020Q2 2022

Market Position · Pittsburgh, PA · 2022 SOD (annual) · 0.3% share · #18 of 52 inst. · $0.7B of $224.7B

0.2% Allegheny
2.4% Westmoreland
11.3% Allegany
3.0% Bedford

Executive Summary

  • Earnings: ROA of 0.64%, up 56 bps year over year; NIM at 2.84%.
  • Asset quality: problem loans at 0.65% of loans (+12 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 13.29%, up 182 bps from a year ago.
  • Funding: loans stand at 78.97% of deposits as of Q2 2022.

Return on Assets (YTD, annualized)

0.64%+56 bps YoY

Net Interest Margin (YTD, annualized)

2.84%+245 bps YoY

Efficiency Ratio (YTD, annualized)

71.40%-771 bps YoY

Tier 1 Leverage Ratio

13.29%+182 bps YoY

NIM

3.43%Q2 ’200.46%Q2 ’212.90%Q2 ’22-85%+618%

Non-interest income vs. expense

2.06%Q2 ’200.36%Q2 ’212.31%Q2 ’22-81%+557%

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
Earnings
Return on Assets0.64%0.66%0.78%0.07%0.35%0.63%0.49%0.64%+56 bps
Return on Equity4.66%4.79%5.75%0.53%2.51%4.41%3.16%4.15%+363 bps
Net Interest Margin2.69%2.71%2.83%0.40%1.24%1.67%2.63%2.84%+245 bps
Efficiency Ratio63.94%64.73%65.08%79.11%66.07%62.83%75.92%71.40%-771 bps
Non-Interest Burden1.51%1.55%1.68%0.29%0.73%0.93%1.88%1.89%+160 bps
Growth
Asset Growth (YoY)7.62%6.90%7.32%2.19%-2.26%-1.44%-4.44%-8.12%-1,031 bps
Loan Growth (YoY)3.30%3.43%0.67%-6.96%-9.59%-12.19%-11.86%-10.39%-343 bps
Deposit Growth (YoY)9.41%9.89%14.12%7.48%0.07%0.05%-4.50%-6.99%-1,447 bps
Asset Quality
Nonperforming Loans / Loans0.50%0.67%0.64%0.54%0.80%0.80%0.79%0.65%+12 bps
Net Charge-Offs / Loans0.02%0.02%0.01%0.00%0.00%0.00%0.00%0.01%+1 bps
Allowance / Loans0.98%1.06%1.11%0.00%0.02%0.05%0.08%0.11%+11 bps
Allowance Coverage of NPLs2.0x1.6x1.7x0.0x0.0x0.1x0.1x0.2x+0.2x
Capital
Tier 1 Leverage Ratio11.03%11.18%11.35%11.47%12.17%12.68%12.94%13.29%+182 bps
Total Risk-Based Capital17.88%18.20%18.57%17.94%19.08%20.29%20.89%21.56%+362 bps
Equity / Assets13.37%13.73%13.43%14.30%15.05%15.52%15.19%15.24%+93 bps
Liquidity & Funding
Loans / Deposits93.07%91.70%86.39%81.95%84.08%80.49%79.73%78.97%-299 bps
Liquid Assets / Assets5.31%3.90%7.74%8.92%8.69%12.34%11.90%10.59%+167 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a