Rome, GA · Cert 34138
FDIC · 4 branches
Q3 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2023, the quarter ended September 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.
Rome, GA · Cert 34138
FDIC · 4 branches
Q3 2023
Market Position · Rome, GA · 2023 SOD (annual) · 10.1% share · #4 of 9 inst. · $0.2B of $2.3B
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 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.55% | 0.95% | 1.01% | 1.15% | 1.12% | 0.90% | 0.94% | -1.04% | -219 bps | |
| Return on Equity | 15.86% | 9.91% | 10.65% | 12.15% | 11.65% | 8.63% | 9.49% | -11.30% | -2,345 bps | |
| Net Interest Margin | 3.27% | 3.36% | 3.52% | 3.82% | 4.17% | 4.55% | 4.30% | 3.94% | +12 bps | |
| Efficiency Ratio | 69.01% | 71.54% | 70.70% | 68.06% | 69.76% | 77.10% | 74.19% | 106.37% | +3,830 bps | |
| Non-Interest Burden | 1.90% | 2.15% | 2.25% | 2.34% | 2.67% | 3.35% | 3.04% | 4.24% | +190 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 14.15% | 15.73% | 6.10% | 0.88% | -7.05% | -9.19% | 9.61% | 0.09% | -79 bps | |
| Loan Growth (YoY) | -5.75% | -2.26% | 5.32% | 2.98% | 8.22% | 8.10% | 5.37% | 12.79% | +981 bps | |
| Deposit Growth (YoY) | 21.73% | 20.55% | 11.08% | 4.56% | -9.33% | -18.69% | -3.84% | -7.24% | -1,180 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.06% | 0.14% | 0.06% | 0.04% | 0.03% | 0.10% | 0.06% | 0.39% | +35 bps | |
| Net Charge-Offs / Loans | 0.08% | -0.03% | 0.02% | 0.02% | 0.03% | 0.03% | 0.13% | 0.09% | +6 bps | |
| Allowance / Loans | 1.66% | 1.60% | 1.49% | 1.52% | 1.50% | 1.44% | 1.32% | 1.99% | +47 bps | |
| Allowance Coverage of NPLs | 26.4x | 11.8x | 25.6x | 36.8x | 58.2x | 13.9x | 21.0x | 5.1x | -31.7x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.11% | 9.53% | 9.81% | 10.51% | 11.43% | 11.45% | 11.51% | 7.83% | -268 bps | |
| Total Risk-Based Capital | 16.00% | 14.91% | 14.49% | 15.24% | 15.69% | 15.01% | 15.12% | 11.56% | -368 bps | |
| Equity / Assets | 10.07% | 9.04% | 9.36% | 9.48% | 10.41% | 10.39% | 8.99% | 7.15% | -232 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 68.61% | 68.18% | 75.37% | 73.88% | 81.90% | 90.64% | 82.58% | 89.83% | +1,595 bps | |
| Liquid Assets / Assets | 27.07% | 25.60% | 6.78% | 6.33% | 0.31% | 0.48% | 14.99% | 6.01% | -33 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |