Midland, TX · Cert 35028
FDIC · 17 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.
Midland, TX · Cert 35028
FDIC · 17 branches
Q1 2023
Market Position · Midland, TX · 2022 SOD (annual) · 9.1% share · #6 of 17 inst. · $0.9B of $9.6B
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 | 1.56% | 1.54% | 1.38% | 1.69% | 1.75% | 1.79% | 1.90% | 1.59% | -10 bps | |
| Return on Equity | 12.00% | 11.81% | 10.63% | 13.56% | 14.00% | 14.38% | 15.22% | 12.38% | -118 bps | |
| Net Interest Margin | 4.31% | 4.39% | 4.28% | 4.10% | 4.15% | 4.12% | 4.20% | 4.41% | +30 bps | |
| Efficiency Ratio | 53.30% | 53.46% | 58.16% | 49.75% | 49.83% | 49.32% | 47.49% | 44.88% | -487 bps | |
| Non-Interest Burden | 2.14% | 2.18% | 2.33% | 1.79% | 1.78% | 1.77% | 1.74% | 1.77% | -2 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 3.36% | 5.08% | 10.77% | 8.88% | 7.93% | 10.71% | 5.85% | 0.81% | -807 bps | |
| Loan Growth (YoY) | 4.36% | 2.37% | 5.42% | 0.96% | 3.97% | 6.28% | 7.25% | 7.03% | +607 bps | |
| Deposit Growth (YoY) | 6.53% | 9.14% | 11.02% | 9.13% | 7.98% | 11.53% | 5.06% | -4.03% | -1,316 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.83% | 0.71% | 0.58% | 0.40% | 0.86% | 0.78% | 0.69% | 1.19% | +78 bps | |
| Net Charge-Offs / Loans | 0.04% | 0.09% | 0.08% | 0.09% | 0.07% | 0.06% | 0.06% | 0.00% | -9 bps | |
| Allowance / Loans | 1.43% | 1.46% | 1.48% | 1.46% | 1.41% | 1.37% | 1.35% | 1.47% | +2 bps | |
| Allowance Coverage of NPLs | 1.7x | 2.0x | 2.5x | 3.6x | 1.6x | 1.8x | 2.0x | 1.2x | -2.4x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.33% | 10.40% | 10.28% | 10.25% | 10.52% | 10.58% | 10.63% | 10.89% | +64 bps | |
| Total Risk-Based Capital | 10.33% | 10.40% | 10.28% | 10.25% | 10.52% | 10.58% | 10.63% | 10.89% | +64 bps | |
| Equity / Assets | 13.12% | 12.95% | 12.68% | 12.31% | 12.44% | 12.33% | 12.73% | 13.03% | +73 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 92.63% | 92.60% | 89.07% | 86.22% | 89.19% | 88.24% | 90.93% | 96.16% | +994 bps | |
| Liquid Assets / Assets | 11.75% | 10.82% | 14.13% | 10.39% | 6.81% | 8.65% | 6.72% | 5.40% | -499 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |