PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Alliance Bank & Trust Company

Shelby, NC · Cert 57733

FDIC · 4 branches

Q2 2024

$269.0MAssets
$211.7MLoans
$246.7MDeposits
$21.4MEquity
Loan mix
72%RE $128.9M28%C&I $50.0M0%Consumer $0.6MQ2 2023Q2 2024
Deposit mix
69%Interest-bearing $169.3M31%Noninterest $77.4MQ2 2023Q2 2024

NIM

3.61%Q2 ’225.40%Q2 ’236.37%Q2 ’24+33%+2%

Non-interest income vs. expense

2.63%Q2 ’222.80%Q2 ’232.43%Q2 ’24+6%-16%

Market Position · Charlotte-Concord-Gastonia, NC-SC · 2024 SOD (annual) · 0.0% share · #36 of 50 inst. · $0.1B of $457.3B

10.8% Cleveland
2.7% Gaston

Executive Summary

  • Earnings: ROA of 1.16%, down 40 bps year over year; NIM at 4.71%.
  • Asset quality: problem loans at 0.23% of loans (-13 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 8.37%, down 64 bps from a year ago.
  • Funding: loans stand at 85.80% of deposits as of Q2 2024.

Financial Results

Return on Assets (YTD, annualized)

1.16%-40 bps YoY

Net Interest Margin (YTD, annualized)

4.71%+10 bps YoY

Efficiency Ratio (YTD, annualized)

49.02%-904 bps YoY

Tier 1 Leverage Ratio

8.37%-64 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets1.56%1.60%1.62%1.68%1.16%-40 bps
Return on Equity18.82%19.11%19.24%18.82%13.55%-528 bps
Net Interest Margin4.61%4.51%4.39%4.36%4.71%+10 bps
Efficiency Ratio58.06%55.92%54.99%52.76%49.02%-904 bps
Non-Interest Burden2.60%2.44%2.33%2.20%2.18%-41 bps
Growth
Asset Growth (YoY)1.73%4.35%8.40%10.09%10.01%+828 bps
Loan Growth (YoY)19.33%18.31%13.89%10.93%7.84%-1,149 bps
Deposit Growth (YoY)0.53%3.38%7.35%8.97%10.59%+1,007 bps
Asset Quality
Nonperforming Loans / Loans0.36%0.31%0.29%0.28%0.23%-13 bps
Net Charge-Offs / Loans-0.04%-0.02%-0.03%0.00%-0.02%+2 bps
Allowance / Loans1.24%1.25%1.25%1.22%1.90%+67 bps
Allowance Coverage of NPLs3.5x4.1x4.3x4.4x8.4x+4.9x
Capital
Tier 1 Leverage Ratio9.01%9.06%9.06%9.40%8.37%-64 bps
Total Risk-Based Capital12.39%12.19%12.09%12.82%11.62%-77 bps
Equity / Assets8.47%8.52%8.61%9.25%7.94%-53 bps
Liquidity & Funding
Loans / Deposits87.99%88.35%87.75%91.82%85.80%-219 bps
Liquid Assets / Assets12.43%12.91%13.86%10.89%16.01%+358 bps
CRE / Total Capitaln/an/an/an/an/an/an/a