Kinston, NC · Cert 34934
FDIC · 15 branches
Q3 2022
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2022, the quarter ended September 30, 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.
Kinston, NC · Cert 34934
FDIC · 15 branches
Q3 2022
Market Position · Raleigh-Cary, NC · 2022 SOD (annual) · 0.4% share · #19 of 37 inst. · $0.2B of $54.9B
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 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 1.26% | 1.33% | 1.01% | 1.03% | 1.09% | -17 bps | |
| Return on Equity | 12.62% | 13.41% | 10.91% | 11.54% | 12.41% | -21 bps | |
| Net Interest Margin | 3.31% | 3.16% | 2.96% | 2.97% | 3.02% | -29 bps | |
| Efficiency Ratio | 57.19% | 58.66% | 60.13% | 60.15% | 59.07% | +188 bps | |
| Non-Interest Burden | 1.70% | 1.70% | 1.64% | 1.65% | 1.65% | -6 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 13.93% | 17.30% | 10.77% | 5.38% | 2.91% | -1,102 bps | |
| Loan Growth (YoY) | 2.96% | -1.33% | 3.03% | 2.97% | 2.74% | -23 bps | |
| Deposit Growth (YoY) | 26.03% | 31.99% | 19.46% | 12.15% | 8.16% | -1,788 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.31% | 0.02% | 0.07% | 0.10% | 0.10% | -22 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.01% | -0.07% | -0.04% | 0.00% | -1 bps | |
| Allowance / Loans | 1.45% | 1.16% | 1.15% | 1.13% | 1.13% | -32 bps | |
| Allowance Coverage of NPLs | 4.7x | 46.6x | 15.5x | 11.1x | 11.8x | +7.1x | |
| Capital | |||||||
| Tier 1 Leverage Ratio | 8.99% | 8.95% | 8.96% | 9.16% | 9.37% | +38 bps | |
| Total Risk-Based Capital | 15.54% | 15.98% | 15.73% | 15.61% | 16.17% | +63 bps | |
| Equity / Assets | 9.98% | 9.71% | 8.73% | 8.41% | 8.14% | -184 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 69.34% | 64.17% | 63.40% | 66.33% | 65.86% | -347 bps | |
| Liquid Assets / Assets | 8.82% | 14.83% | 16.11% | 13.17% | 14.37% | +555 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a |