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Charterbank

West Point, GA · Cert 30720

FDIC · 23 branches

Q2 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2018, the quarter ended June 30, 2018, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Charterbank

West Point, GA · Cert 30720

FDIC · 23 branches

Q2 2018

$1.6BAssets
$1.2BLoans
$1.3BDeposits
$219.6MEquity
Loan mix
85%RE $730.1M10%C&I $89.7M4%Consumer $36.8MQ2 2017Q2 2018
Deposit mix
81%Interest-bearing $1.1B19%Noninterest $0.3BQ2 2017Q2 2018

NIM

3.35%Q2 ’163.68%Q2 ’174.10%Q2 ’18+10%+12%

Non-interest income vs. expense

3.38%Q2 ’162.79%Q2 ’172.88%Q2 ’18-23%+4%

Market Position · Atlanta-Sandy Springs-Roswell, GA · 2018 SOD (annual) · 0.4% share · #24 of 89 inst. · $0.7B of $173.1B

2.1% Cobb
23.6% Troup
5.9% Lee
8.4% Santa Rosa

Executive Summary

  • Earnings: ROA of 1.46%, up 40 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.14% of loans (-4 bps YoY), with net recoveries of 0.13%.
  • Capital: tier 1 leverage ratio of 11.29%, down 77 bps from a year ago.
  • Funding: loans stand at 86.88% of deposits as of Q2 2018.

Financial Results

Return on Assets (YTD, annualized)

1.46%+40 bps YoY

Net Interest Margin (YTD, annualized)

3.73%+40 bps YoY

Efficiency Ratio (YTD, annualized)

58.45%-326 bps YoY

Tier 1 Leverage Ratio

11.29%-77 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2017Q3 2017Q4 2017Q1 2018Q2 2018YoY ΔTrend
Earnings
Return on Assets1.06%0.96%1.05%1.44%1.46%+40 bps
Return on Equity7.87%7.26%8.00%11.26%11.24%+337 bps
Net Interest Margin3.34%3.36%3.26%3.74%3.73%+40 bps
Efficiency Ratio61.71%66.00%63.12%59.40%58.45%-326 bps
Non-Interest Burden1.59%1.78%1.60%1.72%1.66%+7 bps
Growth
Asset Growth (YoY)3.68%13.96%12.57%11.78%10.21%+653 bps
Loan Growth (YoY)3.62%15.43%15.90%14.34%11.54%+792 bps
Deposit Growth (YoY)3.30%15.38%13.23%12.34%10.30%+700 bps
Asset Quality
Nonperforming Loans / Loans0.18%0.15%0.17%0.12%0.14%-4 bps
Net Charge-Offs / Loans-0.09%-0.08%-0.07%-0.12%-0.13%-4 bps
Allowance / Loans1.03%0.95%0.95%0.95%0.99%-5 bps
Allowance Coverage of NPLs5.9x6.5x5.8x7.8x7.1x+1.3x
Capital
Tier 1 Leverage Ratio12.06%10.96%10.56%10.94%11.29%-77 bps
Total Risk-Based Capital16.67%14.45%14.61%14.98%15.70%-97 bps
Equity / Assets13.78%12.44%12.69%12.89%13.47%-30 bps
Liquidity & Funding
Loans / Deposits85.92%85.09%85.02%84.72%86.88%+96 bps
Liquid Assets / Assets6.94%8.18%8.45%9.74%9.49%+254 bps
CRE / Total Capitaln/an/an/an/an/an/an/a