Cornelius, NC · Cert 58296
FDIC · 9 branches
Q3 2021
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2021, the quarter ended September 30, 2021, 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.
Cornelius, NC · Cert 58296
FDIC · 9 branches
Q3 2021
Market Position · Charlotte-Concord-Gastonia, NC-SC · 2021 SOD (annual) · 0.2% share · #13 of 47 inst. · $0.6B of $315.8B
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 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.91% | 0.69% | 0.81% | 0.77% | 0.87% | 1.41% | 1.23% | 0.44% | -33 bps | |
| Return on Equity | 9.25% | 6.70% | 8.58% | 8.40% | 9.55% | 16.86% | 14.64% | 5.34% | -306 bps | |
| Net Interest Margin | 3.28% | 3.34% | 2.89% | 2.90% | 3.00% | 3.56% | 3.29% | 3.11% | +20 bps | |
| Efficiency Ratio | 69.89% | 69.85% | 60.33% | 62.38% | 61.64% | 53.24% | 57.55% | 83.47% | +2,110 bps | |
| Non-Interest Burden | 2.12% | 2.18% | 1.53% | 1.58% | 1.61% | 1.48% | 1.63% | 2.51% | +94 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 13.83% | 10.68% | 42.62% | 36.16% | 30.41% | 43.48% | 8.99% | 10.11% | -2,605 bps | |
| Loan Growth (YoY) | 13.03% | 6.69% | 47.75% | 46.25% | 33.46% | 42.45% | -6.24% | -13.53% | -5,978 bps | |
| Deposit Growth (YoY) | 31.50% | 10.93% | 38.70% | 38.45% | 32.56% | 58.15% | 23.05% | 21.20% | -1,725 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.29% | 2.03% | 1.89% | 1.36% | 1.03% | 0.91% | 0.18% | 0.00% | -136 bps | |
| Net Charge-Offs / Loans | -0.01% | 0.06% | 0.02% | 0.05% | 0.09% | 0.16% | 0.09% | 1.29% | +124 bps | |
| Allowance / Loans | 0.93% | 1.02% | 0.89% | 0.89% | 0.96% | 0.92% | 1.01% | 0.14% | -75 bps | |
| Allowance Coverage of NPLs | 3.2x | 0.5x | 0.5x | 0.7x | 0.9x | 1.0x | 5.6x | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.71% | 10.84% | 9.31% | 9.14% | 9.06% | 9.02% | 8.83% | 8.16% | -98 bps | |
| Total Risk-Based Capital | 14.60% | 14.66% | 14.51% | 14.64% | 14.36% | 14.06% | 14.35% | 12.74% | -190 bps | |
| Equity / Assets | 10.15% | 10.41% | 8.28% | 8.36% | 8.70% | 8.06% | 8.58% | 7.88% | -47 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 98.75% | 100.52% | 107.25% | 106.19% | 99.42% | 90.54% | 81.72% | 75.76% | -3,043 bps | |
| Liquid Assets / Assets | 1.45% | 0.76% | 0.72% | 0.85% | 5.25% | 8.59% | 14.54% | 19.99% | +1,915 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |