Elberton, GA · Cert 29065
FDIC · 1 branch
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.
Elberton, GA · Cert 29065
FDIC · 1 branch
Q2 2023
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 | -0.10% | -0.51% | -0.54% | -0.48% | -0.31% | -0.38% | -1.08% | -0.94% | -46 bps | |
| Return on Equity | -0.54% | -2.81% | -3.16% | -2.74% | -1.78% | -2.19% | -6.26% | -5.41% | -267 bps | |
| Net Interest Margin | 2.73% | 2.79% | 2.69% | 2.75% | 2.91% | 2.96% | 2.67% | 2.70% | -5 bps | |
| Efficiency Ratio | 99.66% | 115.39% | 119.69% | 116.14% | 110.22% | 112.48% | 141.67% | 135.77% | +1,964 bps | |
| Non-Interest Burden | 2.73% | 3.22% | 3.22% | 3.19% | 3.20% | 3.33% | 3.79% | 3.67% | +48 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.61% | 4.94% | 2.05% | -6.79% | -6.27% | -1.49% | -7.59% | -2.73% | +407 bps | |
| Loan Growth (YoY) | 11.50% | 8.36% | 3.34% | 2.87% | 1.93% | 3.53% | 2.49% | -1.12% | -399 bps | |
| Deposit Growth (YoY) | 20.64% | 18.83% | 13.84% | 5.81% | -2.03% | -3.32% | -14.78% | -13.17% | -1,898 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.86% | 2.16% | 0.66% | 0.91% | 0.58% | 0.77% | 1.78% | 0.44% | -47 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 | 0.18% | 0.18% | 0.18% | 0.18% | 0.18% | 0.18% | 0.18% | 0.18% | 0 bps | |
| Allowance Coverage of NPLs | 0.1x | 0.1x | 0.3x | 0.2x | 0.3x | 0.2x | 0.1x | 0.4x | +0.2x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 17.93% | 17.58% | 17.07% | 17.67% | 18.06% | 18.02% | 17.81% | 17.95% | +28 bps | |
| Total Risk-Based Capital | 17.93% | 17.58% | 17.07% | 17.67% | 18.06% | 18.02% | 17.81% | 17.95% | +28 bps | |
| Equity / Assets | 18.19% | 17.60% | 16.83% | 17.58% | 18.10% | 17.07% | 17.52% | 17.41% | -18 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 106.65% | 105.57% | 101.62% | 105.44% | 110.96% | 113.04% | 122.23% | 120.07% | +1,463 bps | |
| Liquid Assets / Assets | 2.10% | 2.31% | 2.71% | 3.07% | 1.30% | 5.58% | 4.52% | 1.26% | -181 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |