Lincolnton, NC · Cert 57026
FDIC · 11 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.
Lincolnton, NC · Cert 57026
FDIC · 11 branches
Q3 2019
Market Position · Charlotte-Concord-Gastonia, NC-SC · 2019 SOD (annual) · 0.2% share · #14 of 41 inst. · $0.4B of $206.3B
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 | 0.30% | 0.75% | 0.80% | 0.89% | 0.95% | 0.50% | 0.98% | 1.11% | +22 bps | |
| Return on Equity | 3.06% | 8.13% | 8.36% | 9.02% | 9.42% | 4.47% | 8.43% | 9.39% | +38 bps | |
| Net Interest Margin | 3.64% | 3.68% | 3.56% | 3.61% | 3.67% | 3.91% | 3.92% | 3.91% | +30 bps | |
| Efficiency Ratio | 75.49% | 71.01% | 70.78% | 69.14% | 67.58% | 84.53% | 71.37% | 66.59% | -254 bps | |
| Non-Interest Burden | 2.68% | 2.52% | 2.46% | 2.42% | 2.40% | 3.29% | 2.73% | 2.51% | +9 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.45% | 16.77% | 20.61% | 16.12% | 16.81% | 38.99% | 31.22% | 33.94% | +1,782 bps | |
| Loan Growth (YoY) | 13.03% | 17.79% | 15.32% | 11.97% | 12.79% | 29.21% | 29.79% | 26.90% | +1,493 bps | |
| Deposit Growth (YoY) | 6.72% | 15.40% | 21.53% | 17.06% | 18.43% | 41.14% | 29.05% | 31.18% | +1,412 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.79% | 0.31% | 0.30% | 0.28% | 0.27% | 0.46% | 0.39% | 0.48% | +20 bps | |
| Net Charge-Offs / Loans | 0.14% | 0.08% | 0.05% | 0.03% | 0.01% | -0.01% | -0.01% | 0.03% | 0 bps | |
| Allowance / Loans | 1.03% | 1.03% | 1.03% | 1.03% | 1.01% | 0.86% | 0.85% | 0.82% | -21 bps | |
| Allowance Coverage of NPLs | 1.3x | 3.4x | 3.5x | 3.7x | 3.8x | 1.9x | 2.2x | 1.7x | -2.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.22% | 9.49% | 10.45% | 10.56% | 10.85% | 10.64% | 10.88% | 11.22% | +66 bps | |
| Total Risk-Based Capital | 11.08% | 11.41% | 13.14% | 13.19% | 13.34% | 13.25% | 13.47% | 13.86% | +67 bps | |
| Equity / Assets | 9.35% | 9.20% | 10.23% | 10.58% | 10.70% | 11.70% | 12.22% | 12.46% | +188 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 102.28% | 98.23% | 92.92% | 96.22% | 97.41% | 89.93% | 93.44% | 93.08% | -314 bps | |
| Liquid Assets / Assets | 1.27% | 4.31% | 7.88% | 6.01% | 4.74% | 5.09% | 3.14% | 4.89% | -111 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |