Miami, FL · Cert 35599
FDIC · 5 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.
Miami, FL · Cert 35599
FDIC · 5 branches
Q3 2022
Market Position · Miami-Fort Lauderdale-Pompano Beach, FL · 2022 SOD (annual) · 0.3% share · #35 of 83 inst. · $0.9B of $351.1B
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 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.70% | 0.72% | 1.01% | 0.97% | 0.91% | 0.91% | 1.02% | 1.04% | +7 bps | |
| Return on Equity | 7.07% | 6.88% | 9.78% | 9.45% | 9.10% | 10.20% | 11.79% | 12.12% | +267 bps | |
| Net Interest Margin | 2.64% | 2.73% | 2.75% | 2.69% | 2.64% | 3.09% | 3.12% | 3.27% | +59 bps | |
| Efficiency Ratio | 68.72% | 67.77% | 64.09% | 63.77% | 63.49% | 66.38% | 60.66% | 61.26% | -251 bps | |
| Non-Interest Burden | 1.73% | 1.77% | 1.68% | 1.63% | 1.59% | 1.94% | 1.77% | 1.89% | +26 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 14.03% | 22.14% | 16.36% | 17.29% | 22.86% | 18.05% | 12.22% | 4.72% | -1,258 bps | |
| Loan Growth (YoY) | 1.96% | 4.11% | 3.07% | 9.12% | 27.73% | 33.09% | 35.65% | 21.43% | +1,231 bps | |
| Deposit Growth (YoY) | 13.06% | 22.76% | 15.98% | 16.94% | 25.40% | 19.17% | 11.74% | -0.34% | -1,728 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 2.29% | 1.74% | 0.91% | 0.30% | 0.45% | 0.12% | 0.20% | 0.08% | -23 bps | |
| Net Charge-Offs / Loans | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 1.35% | 1.38% | 1.18% | 1.08% | 1.04% | 1.04% | 1.03% | 1.06% | -2 bps | |
| Allowance Coverage of NPLs | 0.6x | 0.8x | 1.3x | 3.6x | 2.3x | 8.5x | 5.0x | 14.0x | +10.4x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.33% | 10.41% | 9.97% | 9.75% | 9.51% | 9.40% | 9.61% | 10.02% | +27 bps | |
| Total Risk-Based Capital | 15.98% | 15.83% | 15.38% | 14.44% | 13.31% | 13.21% | 13.10% | 13.66% | -79 bps | |
| Equity / Assets | 10.85% | 10.11% | 10.09% | 9.91% | 9.40% | 8.50% | 8.17% | 8.25% | -166 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 70.35% | 66.63% | 65.16% | 68.14% | 71.66% | 74.41% | 79.10% | 83.02% | +1,488 bps | |
| Liquid Assets / Assets | 7.24% | 12.78% | 8.40% | 5.79% | 6.68% | 6.06% | 3.45% | 3.17% | -262 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |