Shelby, NC · Cert 57733
FDIC · 4 branches
Q2 2024
Market Position · Charlotte-Concord-Gastonia, NC-SC · 2024 SOD (annual) · 0.0% share · #36 of 50 inst. · $0.1B of $457.3B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.44% | 1.27% | 1.56% | 1.59% | 1.67% | 1.68% | 1.68% | 0.67% | -92 bps | |
| Return on Equity | 19.02% | 16.37% | 19.02% | 18.67% | 19.68% | 19.66% | 18.82% | 7.78% | -1,089 bps | |
| Net Interest Margin | 4.23% | 4.59% | 4.60% | 4.62% | 4.66% | 4.54% | 4.36% | 5.13% | +50 bps | |
| Efficiency Ratio | 58.92% | 58.56% | 58.45% | 57.68% | 51.83% | 52.33% | 52.76% | 45.93% | -1,175 bps | |
| Non-Interest Burden | 2.41% | 2.61% | 2.60% | 2.58% | 2.33% | 2.28% | 2.20% | 2.19% | -39 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.80% | 5.56% | -0.98% | 1.73% | 4.35% | 8.40% | 10.09% | 10.01% | +828 bps | |
| Loan Growth (YoY) | 17.47% | 23.16% | 25.85% | 19.33% | 18.31% | 13.89% | 10.93% | 7.84% | -1,149 bps | |
| Deposit Growth (YoY) | 5.55% | 4.16% | -2.25% | 0.53% | 3.38% | 7.35% | 8.97% | 10.59% | +1,007 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.44% | 0.40% | 0.53% | 0.36% | 0.31% | 0.29% | 0.28% | 0.23% | -13 bps | |
| Net Charge-Offs / Loans | -0.03% | -0.02% | 0.00% | -0.08% | 0.00% | -0.06% | 0.00% | -0.03% | +5 bps | |
| Allowance / Loans | 1.06% | 1.10% | 1.25% | 1.24% | 1.25% | 1.25% | 1.22% | 1.90% | +67 bps | |
| Allowance Coverage of NPLs | 2.4x | 2.8x | 2.4x | 3.5x | 4.1x | 4.3x | 4.4x | 8.4x | +4.9x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.01% | 8.38% | 8.63% | 9.01% | 9.06% | 9.06% | 9.40% | 8.37% | -64 bps | |
| Total Risk-Based Capital | 12.45% | 12.23% | 12.35% | 12.39% | 12.19% | 12.09% | 12.82% | 11.62% | -77 bps | |
| Equity / Assets | 7.61% | 7.92% | 8.54% | 8.47% | 8.52% | 8.61% | 9.25% | 7.94% | -53 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 77.20% | 82.71% | 90.19% | 87.99% | 88.35% | 87.75% | 91.82% | 85.80% | -219 bps | |
| Liquid Assets / Assets | 20.87% | 16.15% | 9.99% | 12.43% | 12.91% | 13.86% | 10.89% | 16.01% | +358 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |