Wheeling, WV · Cert 57162
FDIC · 5 branches
Q1 2024
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2024, the quarter ended March 31, 2024, 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.
Wheeling, WV · Cert 57162
FDIC · 5 branches
Q1 2024
Market Position · Wheeling, WV-OH · 2023 SOD (annual) · 7.2% share · #3 of 14 inst. · $0.4B of $5.5B
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 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.83% | 0.89% | 0.96% | 1.28% | 1.22% | 0.94% | 0.98% | 0.97% | -31 bps | |
| Return on Equity | 9.59% | 10.46% | 11.27% | 14.80% | 13.82% | 10.49% | 10.78% | 10.08% | -472 bps | |
| Net Interest Margin | 3.02% | 3.10% | 3.25% | 3.77% | 3.57% | 3.48% | 3.37% | 3.31% | -46 bps | |
| Efficiency Ratio | 61.55% | 60.25% | 58.92% | 53.65% | 53.99% | 60.41% | 61.14% | 61.31% | +766 bps | |
| Non-Interest Burden | 1.82% | 1.83% | 1.85% | 1.98% | 1.88% | 2.18% | 2.09% | 1.96% | -2 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.40% | 6.97% | -0.43% | 3.41% | 1.28% | -2.44% | -0.08% | -1.93% | -534 bps | |
| Loan Growth (YoY) | -0.64% | 1.20% | 1.27% | 2.38% | 4.16% | 3.18% | 4.79% | 5.94% | +356 bps | |
| Deposit Growth (YoY) | 7.57% | 6.92% | -0.27% | 0.76% | -3.98% | -8.50% | -7.79% | -8.60% | -937 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 3.01% | 2.57% | 2.31% | 2.10% | 2.18% | 1.49% | 1.47% | 1.36% | -74 bps | |
| Net Charge-Offs / Loans | 0.05% | 0.12% | 0.18% | -0.04% | 0.19% | 0.12% | 0.12% | -0.07% | -3 bps | |
| Allowance / Loans | 1.60% | 1.56% | 1.59% | 1.62% | 1.53% | 1.54% | 1.42% | 1.43% | -19 bps | |
| Allowance Coverage of NPLs | 0.5x | 0.6x | 0.7x | 0.8x | 0.7x | 1.0x | 1.0x | 1.1x | +0.3x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.30% | 9.38% | 9.62% | 9.84% | 9.96% | 10.16% | 10.26% | 10.36% | +52 bps | |
| Total Risk-Based Capital | 9.30% | 9.38% | 9.62% | 9.84% | 9.96% | 10.16% | 10.26% | 10.36% | +52 bps | |
| Equity / Assets | 8.54% | 8.28% | 8.53% | 8.78% | 9.16% | 9.30% | 9.49% | 9.68% | +91 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 78.19% | 77.60% | 78.36% | 78.93% | 84.82% | 87.51% | 89.06% | 91.49% | +1,256 bps | |
| Liquid Assets / Assets | 18.79% | 20.45% | 19.21% | 20.31% | 16.57% | 15.89% | 15.64% | 14.71% | -560 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |