Myrtle Beach, SC · Cert 57135
FDIC · 61 branches
Q1 2020
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2020, the quarter ended March 31, 2020, 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.
Myrtle Beach, SC · Cert 57135
FDIC · 61 branches
Q1 2020
Market Position · Charleston-North Charleston, SC · 2019 SOD (annual) · 5.0% share · #6 of 33 inst. · $0.7B of $14.7B
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 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | Q1 2020 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.12% | 1.32% | 1.42% | 1.59% | 1.61% | 1.66% | 1.61% | 1.18% | -41 bps | |
| Return on Equity | 7.63% | 8.82% | 9.38% | 10.03% | 10.07% | 10.31% | 9.92% | 7.18% | -286 bps | |
| Net Interest Margin | 3.81% | 3.83% | 3.84% | 3.71% | 3.71% | 3.78% | 3.77% | 3.73% | +1 bps | |
| Efficiency Ratio | 67.07% | 61.09% | 59.01% | 55.03% | 55.38% | 54.13% | 53.14% | 59.01% | +398 bps | |
| Non-Interest Burden | 2.17% | 1.91% | 1.82% | 1.60% | 1.62% | 1.59% | 1.50% | 1.79% | +18 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 68.65% | 64.92% | 7.72% | 7.94% | 5.27% | 6.97% | 24.25% | 25.01% | +1,707 bps | |
| Loan Growth (YoY) | 67.66% | 64.31% | 7.93% | 8.73% | 8.62% | 11.14% | 28.26% | 23.49% | +1,476 bps | |
| Deposit Growth (YoY) | 62.99% | 61.47% | 4.59% | 5.42% | 3.72% | 3.01% | 25.33% | 26.25% | +2,083 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.40% | 0.46% | 0.49% | 0.46% | 0.54% | 0.73% | 0.83% | 0.86% | +40 bps | |
| Net Charge-Offs / Loans | -0.08% | -0.04% | -0.04% | 0.02% | 0.00% | 0.02% | 0.02% | 0.00% | -2 bps | |
| Allowance / Loans | 0.53% | 0.55% | 0.57% | 0.57% | 0.59% | 0.58% | 0.51% | 0.60% | +3 bps | |
| Allowance Coverage of NPLs | 1.3x | 1.2x | 1.2x | 1.3x | 1.1x | 0.8x | 0.6x | 0.7x | -0.6x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 12.37% | 12.71% | 12.76% | 12.63% | 12.91% | 13.26% | 15.42% | 13.17% | +53 bps | |
| Total Risk-Based Capital | 16.13% | 16.62% | 16.51% | 16.32% | 16.64% | 17.41% | 16.87% | 17.23% | +90 bps | |
| Equity / Assets | 15.58% | 15.84% | 15.77% | 15.95% | 16.25% | 16.26% | 16.76% | 16.24% | +29 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 90.33% | 89.33% | 92.92% | 92.07% | 94.59% | 96.38% | 95.09% | 90.05% | -202 bps | |
| Liquid Assets / Assets | 0.70% | 0.41% | 0.37% | 0.36% | 0.23% | 0.75% | 1.54% | 4.80% | +444 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |