Spartanburg, SC · Cert 34222
FDIC · 4 branches
Q1 2019
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2019, the quarter ended March 31, 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.
Spartanburg, SC · Cert 34222
FDIC · 4 branches
Q1 2019
Market Position · Spartanburg, SC · 2018 SOD (annual) · 2.7% share · #13 of 19 inst. · $0.1B of $5.4B
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 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -1.39% | -0.68% | -0.40% | 0.82% | 2.46% | 1.92% | 1.89% | 0.73% | -9 bps | |
| Return on Equity | -25.83% | -10.86% | -5.88% | 9.02% | 25.98% | 19.91% | 19.14% | 6.67% | -235 bps | |
| Net Interest Margin | 2.84% | 2.95% | 3.01% | 3.30% | 3.40% | 3.42% | 3.59% | 3.39% | +9 bps | |
| Efficiency Ratio | 169.65% | 127.22% | 116.38% | 80.45% | 78.82% | 76.54% | 71.99% | 80.43% | -3 bps | |
| Non-Interest Burden | 4.27% | 3.63% | 3.45% | 2.59% | 2.57% | 2.52% | 2.48% | 2.64% | +5 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 1.59% | -1.27% | 1.38% | -2.13% | -4.30% | -0.38% | 0.19% | 2.86% | +499 bps | |
| Loan Growth (YoY) | -0.66% | -1.77% | -2.60% | -1.53% | 9.07% | 8.60% | 10.65% | 12.30% | +1,382 bps | |
| Deposit Growth (YoY) | -3.38% | -6.29% | -4.76% | -8.59% | -6.42% | 0.04% | 5.47% | 8.77% | +1,736 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 4.30% | 2.49% | 2.38% | 2.38% | 2.22% | 1.70% | 1.80% | 2.22% | -16 bps | |
| Net Charge-Offs / Loans | 0.01% | -0.11% | -0.16% | -0.09% | -0.12% | -0.10% | -0.09% | -0.04% | +5 bps | |
| Allowance / Loans | 1.25% | 1.34% | 1.33% | 1.35% | 1.31% | 1.33% | 1.27% | 1.26% | -9 bps | |
| Allowance Coverage of NPLs | 0.3x | 0.5x | 0.6x | 0.6x | 0.6x | 0.8x | 0.7x | 0.6x | 0.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.14% | 9.06% | 9.21% | 9.52% | 9.97% | 10.04% | 10.22% | 10.51% | +99 bps | |
| Total Risk-Based Capital | 13.00% | 12.93% | 13.02% | 13.25% | 12.94% | 13.32% | 13.48% | 13.73% | +48 bps | |
| Equity / Assets | 8.77% | 8.96% | 8.94% | 9.26% | 10.24% | 10.20% | 10.71% | 11.17% | +191 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 78.80% | 79.70% | 81.76% | 85.27% | 91.84% | 86.52% | 85.78% | 88.03% | +276 bps | |
| Liquid Assets / Assets | 12.18% | 10.24% | 9.22% | 6.33% | 1.17% | 4.45% | 2.73% | 0.35% | -599 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |