Franklin, NC · Cert 31445
FDIC · 18 branches
Q3 2019
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2019, the quarter ended September 30, 2019, 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.
Franklin, NC · Cert 31445
FDIC · 18 branches
Q3 2019
Market Position · Asheville, NC · 2019 SOD (annual) · 2.2% share · #11 of 19 inst. · $0.2B of $8.1B
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 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.22% | 0.93% | 0.87% | 0.88% | 0.90% | 0.98% | 0.77% | 0.85% | -4 bps | |
| Return on Equity | 2.09% | 8.93% | 8.35% | 8.49% | 8.60% | 8.90% | 6.99% | 7.60% | -89 bps | |
| Net Interest Margin | 2.80% | 3.24% | 3.16% | 3.10% | 3.12% | 2.99% | 2.95% | 2.93% | -17 bps | |
| Efficiency Ratio | 70.27% | 64.08% | 64.60% | 64.96% | 63.86% | 68.34% | 72.58% | 69.15% | +419 bps | |
| Non-Interest Burden | 1.81% | 1.92% | 1.89% | 1.86% | 1.83% | 1.78% | 1.97% | 1.85% | -1 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 22.32% | 17.42% | 15.50% | 17.58% | 3.47% | 2.70% | 2.18% | 2.05% | -1,553 bps | |
| Loan Growth (YoY) | 34.72% | 36.54% | 32.43% | 30.59% | 7.40% | 4.75% | 3.93% | 1.47% | -2,913 bps | |
| Deposit Growth (YoY) | 39.88% | 22.04% | 20.36% | 24.36% | 5.17% | 3.41% | 2.18% | 1.95% | -2,241 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.47% | 0.42% | 0.43% | 0.40% | 0.45% | 0.45% | 0.31% | 0.39% | -1 bps | |
| Net Charge-Offs / Loans | 0.03% | 0.03% | 0.02% | 0.02% | 0.01% | 0.02% | 0.01% | -0.01% | -3 bps | |
| Allowance / Loans | 1.08% | 1.07% | 1.09% | 1.10% | 1.11% | 1.11% | 1.11% | 1.13% | +4 bps | |
| Allowance Coverage of NPLs | 2.3x | 2.6x | 2.5x | 2.7x | 2.5x | 2.5x | 3.6x | 2.9x | +0.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.79% | 8.99% | 9.05% | 9.14% | 9.42% | 9.67% | 9.50% | 9.71% | +57 bps | |
| Total Risk-Based Capital | 12.88% | 13.49% | 13.49% | 13.64% | 13.95% | 14.35% | 14.19% | 14.74% | +111 bps | |
| Equity / Assets | 10.58% | 10.30% | 10.44% | 10.28% | 10.87% | 11.14% | 11.23% | 11.30% | +102 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 86.58% | 85.96% | 86.36% | 85.08% | 88.42% | 87.07% | 87.84% | 84.68% | -40 bps | |
| Liquid Assets / Assets | 5.97% | 7.16% | 6.06% | 6.25% | 3.31% | 4.99% | 4.46% | 7.45% | +119 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |