Mount Airy, NC · Cert 34209
FDIC · 7 branches
Q1 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2023, the quarter ended March 31, 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.
Mount Airy, NC · Cert 34209
FDIC · 7 branches
Q1 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 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.39% | 1.16% | 1.12% | 1.26% | 1.28% | 1.42% | 1.64% | 1.92% | +65 bps | |
| Return on Equity | 12.22% | 10.29% | 9.98% | 11.52% | 11.54% | 12.79% | 14.57% | 15.81% | +429 bps | |
| Net Interest Margin | 2.90% | 2.75% | 2.71% | 2.72% | 2.71% | 2.98% | 3.30% | 4.52% | +180 bps | |
| Efficiency Ratio | 51.37% | 54.32% | 54.97% | 61.02% | 60.02% | 54.22% | 50.05% | 40.88% | -2,015 bps | |
| Non-Interest Burden | 1.08% | 1.17% | 1.21% | 1.49% | 1.44% | 1.40% | 1.43% | 1.58% | +10 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 14.45% | 11.37% | 11.48% | 5.18% | 6.71% | 5.50% | 5.50% | -2.48% | -766 bps | |
| Loan Growth (YoY) | -11.81% | -10.11% | -2.83% | -3.30% | -2.26% | -1.74% | -0.22% | 2.09% | +539 bps | |
| Deposit Growth (YoY) | 16.12% | 12.79% | 12.57% | 5.05% | 6.94% | 4.97% | 4.78% | -4.62% | -967 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.19% | 1.08% | 1.07% | 1.05% | 0.88% | 0.12% | 0.14% | 0.13% | -92 bps | |
| Net Charge-Offs / Loans | 0.01% | 0.00% | 0.00% | -0.52% | -0.29% | -0.09% | -0.07% | 0.05% | +57 bps | |
| Allowance / Loans | 2.03% | 2.06% | 2.10% | 2.00% | 1.89% | 1.75% | 1.67% | 1.37% | -63 bps | |
| Allowance Coverage of NPLs | 1.7x | 1.9x | 2.0x | 1.9x | 2.2x | 14.1x | 11.8x | 10.2x | +8.3x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 11.07% | 11.09% | 10.92% | 10.92% | 10.96% | 11.23% | 11.50% | 12.31% | +139 bps | |
| Total Risk-Based Capital | 23.87% | 23.81% | 23.19% | 23.79% | 24.65% | 25.03% | 25.56% | 26.26% | +247 bps | |
| Equity / Assets | 11.35% | 11.15% | 11.01% | 10.94% | 11.20% | 11.39% | 11.57% | 12.69% | +175 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 61.20% | 61.03% | 59.51% | 57.01% | 55.93% | 57.13% | 56.67% | 61.02% | +401 bps | |
| Liquid Assets / Assets | 35.62% | 35.80% | 37.41% | 45.44% | 46.38% | 45.64% | 45.64% | 42.40% | -304 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |