Charleston, WV · Cert 34102
FDIC · 57 branches
Q1 2024
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2024, the quarter ended March 31, 2024, 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.
Charleston, WV · Cert 34102
FDIC · 57 branches
Q1 2024
Market Position · Charleston, WV · 2023 SOD (annual) · 4.2% share · #7 of 13 inst. · $0.3B of $7.0B
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 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.44% | 1.52% | 1.56% | 1.58% | 1.21% | 1.35% | 1.41% | 1.58% | +1 bps | |
| Return on Equity | 12.43% | 13.18% | 13.55% | 13.64% | 10.61% | 11.96% | 12.38% | 13.61% | -2 bps | |
| Net Interest Margin | 3.46% | 3.46% | 3.44% | 3.64% | 3.45% | 3.51% | 3.49% | 3.60% | -4 bps | |
| Efficiency Ratio | 46.76% | 46.20% | 45.92% | 46.91% | 51.26% | 49.58% | 49.01% | 46.81% | -11 bps | |
| Non-Interest Burden | 1.37% | 1.35% | 1.34% | 1.48% | 1.59% | 1.57% | 1.54% | 1.51% | +3 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 14.39% | 10.18% | 9.42% | 9.07% | 20.93% | 18.42% | 18.93% | 17.33% | +826 bps | |
| Loan Growth (YoY) | 22.44% | 20.35% | 11.63% | 8.74% | 19.33% | 17.03% | 19.42% | 19.26% | +1,053 bps | |
| Deposit Growth (YoY) | 9.33% | 5.41% | 7.56% | 9.51% | 25.26% | 20.59% | 17.78% | 14.16% | +464 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.37% | 0.30% | 0.25% | 0.24% | 0.32% | 0.36% | 0.34% | 0.59% | +35 bps | |
| Net Charge-Offs / Loans | 0.04% | 0.03% | 0.02% | -0.01% | 0.22% | 0.15% | 0.10% | -0.01% | 0 bps | |
| Allowance / Loans | 1.18% | 1.19% | 1.26% | 1.32% | 1.29% | 1.31% | 1.31% | 1.33% | +1 bps | |
| Allowance Coverage of NPLs | 3.2x | 4.0x | 5.0x | 5.6x | 4.0x | 3.7x | 3.9x | 2.3x | -3.3x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.45% | 10.35% | 10.40% | 10.61% | 9.99% | 10.14% | 10.23% | 10.62% | +1 bps | |
| Total Risk-Based Capital | 12.37% | 12.24% | 12.63% | 13.10% | 12.51% | 12.73% | 12.89% | 13.27% | +17 bps | |
| Equity / Assets | 11.37% | 11.20% | 11.44% | 11.65% | 11.13% | 11.09% | 11.48% | 11.78% | +13 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 99.57% | 98.51% | 96.92% | 93.65% | 94.86% | 95.60% | 98.27% | 97.84% | +419 bps | |
| Liquid Assets / Assets | 3.44% | 3.26% | 3.20% | 3.80% | 2.99% | 2.86% | 2.69% | 2.71% | -109 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |