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 (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.02% | 1.08% | 1.56% | 1.56% | 1.60% | 1.62% | 1.68% | 1.16% | -40 bps | |
| Return on Equity | 13.77% | 14.45% | 19.02% | 18.82% | 19.11% | 19.24% | 18.82% | 13.55% | -528 bps | |
| Net Interest Margin | 3.66% | 3.93% | 4.60% | 4.61% | 4.51% | 4.39% | 4.36% | 4.71% | +10 bps | |
| Efficiency Ratio | 66.95% | 64.51% | 58.45% | 58.06% | 55.92% | 54.99% | 52.76% | 49.02% | -904 bps | |
| Non-Interest Burden | 2.39% | 2.47% | 2.60% | 2.60% | 2.44% | 2.33% | 2.20% | 2.18% | -41 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 | -0.09% | -0.07% | 0.00% | -0.04% | -0.02% | -0.03% | 0.00% | -0.02% | +2 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 |