West Palm Beach, FL · Cert 35218
FDIC · 4 branches
Q3 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2023, the quarter ended September 30, 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.
West Palm Beach, FL · Cert 35218
FDIC · 4 branches
Q3 2023
Market Position · Miami-Fort Lauderdale-West Palm Beach, FL · 2023 SOD (annual) · 0.1% share · #44 of 85 inst. · $0.4B of $334.1B
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 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 1.63% | 1.54% | 1.29% | 1.02% | 0.94% | -69 bps | |
| Return on Equity | 18.69% | 17.73% | 14.67% | 11.67% | 10.81% | -787 bps | |
| Net Interest Margin | 3.34% | 3.30% | 2.93% | 2.59% | 2.51% | -83 bps | |
| Efficiency Ratio | 39.33% | 42.59% | 49.91% | 50.37% | 52.72% | +1,339 bps | |
| Non-Interest Burden | 1.13% | 1.23% | 1.33% | 1.17% | 1.20% | +7 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 0.49% | -2.96% | -1.46% | 7.84% | 4.98% | +449 bps | |
| Loan Growth (YoY) | 16.15% | 18.13% | 26.78% | 19.35% | 7.48% | -867 bps | |
| Deposit Growth (YoY) | -0.71% | -9.43% | -8.21% | 3.69% | -4.52% | -381 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.23% | 0.23% | 0.20% | 0.00% | 0.00% | -23 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.14% | -0.02% | -0.02% | -0.02% | -1 bps | |
| Allowance / Loans | 1.17% | 1.07% | 1.07% | 0.99% | 1.01% | -16 bps | |
| Allowance Coverage of NPLs | 5.0x | 4.8x | 5.3x | 302.0x | n/a | n/a | |
| Capital | |||||||
| Tier 1 Leverage Ratio | 10.55% | 10.58% | 10.55% | 10.49% | 11.07% | +52 bps | |
| Total Risk-Based Capital | 13.39% | 13.90% | 13.90% | 13.35% | 14.45% | +106 bps | |
| Equity / Assets | 8.18% | 8.70% | 8.83% | 8.59% | 8.66% | +48 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 90.91% | 96.93% | 94.97% | 93.34% | 102.33% | +1,143 bps | |
| Liquid Assets / Assets | 0.86% | 0.23% | 2.04% | 1.20% | 0.56% | -30 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a |