Versailles, KY · Cert 34256
FDIC · 5 branches
Q4 2022
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2022, the quarter ended December 31, 2022, 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.
Versailles, KY · Cert 34256
FDIC · 5 branches
Q4 2022
Market Position · Lexington-Fayette, KY · 2022 SOD (annual) · 1.7% share · #14 of 39 inst. · $0.3B of $16.2B
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 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.91% | 1.86% | 1.68% | 1.48% | 0.87% | 0.92% | 0.94% | 1.01% | -47 bps | |
| Return on Equity | 9.37% | 18.64% | 16.60% | 14.49% | 8.50% | 9.13% | 9.55% | 10.32% | -417 bps | |
| Net Interest Margin | 3.26% | 4.51% | 4.30% | 4.01% | 3.16% | 3.22% | 3.17% | 3.25% | -76 bps | |
| Efficiency Ratio | 67.69% | 51.56% | 54.11% | 57.11% | 67.55% | 66.37% | 65.77% | 64.41% | +730 bps | |
| Non-Interest Burden | 1.97% | 1.98% | 2.01% | 2.00% | 1.95% | 1.95% | 1.91% | 1.92% | -8 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 15.31% | 4.75% | 7.33% | 4.93% | 4.20% | 9.16% | 12.73% | 7.09% | +217 bps | |
| Loan Growth (YoY) | 13.37% | -2.96% | -0.74% | 9.07% | 3.32% | 15.19% | 13.68% | 12.68% | +361 bps | |
| Deposit Growth (YoY) | 20.11% | 7.58% | 9.60% | 3.95% | 3.75% | 8.84% | 16.08% | 9.57% | +562 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.35% | 0.34% | 0.39% | 0.19% | 0.08% | 0.19% | 0.17% | 0.76% | +57 bps | |
| Net Charge-Offs / Loans | -0.01% | 0.00% | -0.03% | -0.03% | -0.02% | -0.14% | -0.09% | -0.07% | -4 bps | |
| Allowance / Loans | 1.15% | 1.22% | 1.21% | 1.21% | 1.23% | 1.23% | 1.21% | 1.19% | -2 bps | |
| Allowance Coverage of NPLs | 3.3x | 3.6x | 3.1x | 6.4x | 15.1x | 6.4x | 7.2x | 1.6x | -4.9x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.55% | 10.25% | 10.54% | 10.63% | 10.54% | 10.58% | 10.34% | 10.48% | -15 bps | |
| Total Risk-Based Capital | 9.55% | 10.25% | 10.54% | 10.63% | 10.54% | 10.58% | 10.34% | 10.48% | -15 bps | |
| Equity / Assets | 9.50% | 10.44% | 10.53% | 10.49% | 9.94% | 9.70% | 9.31% | 9.54% | -95 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 83.69% | 82.24% | 83.98% | 85.83% | 83.34% | 87.04% | 82.24% | 88.27% | +244 bps | |
| Liquid Assets / Assets | 6.84% | 8.97% | 6.91% | 6.03% | 13.68% | 15.75% | 17.13% | 11.54% | +551 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |