New Smyrna Beach, FL · Cert 35376
FDIC · 3 branches
Q3 2019
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2019, the quarter ended September 30, 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.
New Smyrna Beach, FL · Cert 35376
FDIC · 3 branches
Q3 2019
Market Position · Deltona-Daytona Beach-Ormond Beach, FL · 2019 SOD (annual) · 0.7% share · #18 of 22 inst. · $0.1B of $12.2B
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 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.67% | 0.45% | 0.71% | 1.01% | 1.26% | 1.10% | 0.66% | 0.52% | -49 bps | |
| Return on Equity | 7.64% | 4.72% | 7.40% | 10.47% | 12.75% | 10.16% | 6.03% | 4.76% | -570 bps | |
| Net Interest Margin | 3.87% | 3.66% | 3.70% | 3.72% | 3.77% | 3.70% | 3.69% | 3.66% | -6 bps | |
| Efficiency Ratio | 93.50% | 88.02% | 81.84% | 82.89% | 83.06% | 88.37% | 91.41% | 152.83% | +6,995 bps | |
| Non-Interest Burden | 3.60% | 3.17% | 2.97% | 3.03% | 3.06% | 3.21% | 3.32% | 5.58% | +255 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -2.44% | -8.75% | 0.75% | -1.11% | -1.26% | 0.77% | -0.61% | 0.32% | +143 bps | |
| Loan Growth (YoY) | 4.25% | 4.76% | 1.52% | 1.95% | 3.68% | 4.00% | -0.70% | -2.36% | -432 bps | |
| Deposit Growth (YoY) | -3.48% | -10.27% | 0.00% | -2.36% | -2.71% | -0.61% | -2.05% | -1.60% | +76 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.37% | 0.35% | 0.35% | 0.34% | 0.11% | 0.00% | 0.00% | 0.00% | -34 bps | |
| Net Charge-Offs / Loans | -0.62% | -0.01% | -0.01% | -0.03% | -0.17% | -0.38% | -0.20% | -0.13% | -11 bps | |
| Allowance / Loans | 2.24% | 2.17% | 2.19% | 1.85% | 1.99% | 1.80% | 1.90% | 1.93% | +8 bps | |
| Allowance Coverage of NPLs | 6.0x | 6.2x | 6.3x | 5.4x | 18.3x | n/a | n/a | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.04% | 9.32% | 9.24% | 9.64% | 9.81% | 10.14% | 10.23% | 8.50% | -114 bps | |
| Total Risk-Based Capital | 15.42% | 15.00% | 15.36% | 15.96% | 16.18% | 15.97% | 16.99% | 14.48% | -148 bps | |
| Equity / Assets | 9.51% | 9.57% | 9.59% | 9.95% | 10.83% | 10.87% | 10.96% | 10.88% | +94 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 80.23% | 82.80% | 81.16% | 81.49% | 85.50% | 86.64% | 82.27% | 80.86% | -63 bps | |
| Liquid Assets / Assets | 18.61% | 16.76% | 18.10% | 18.06% | 14.89% | 14.01% | 18.06% | 18.59% | +53 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |