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 (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.67% | 1.10% | 1.41% | 1.04% | -1.09% | -176 bps | |
| Return on Equity | 8.04% | 12.87% | 16.86% | 12.53% | -13.28% | -2,131 bps | |
| Net Interest Margin | 3.16% | 3.63% | 3.56% | 3.20% | 2.89% | -26 bps | |
| Efficiency Ratio | 66.09% | 60.03% | 53.24% | 62.47% | 143.33% | +7,724 bps | |
| Non-Interest Burden | 1.86% | 1.83% | 1.48% | 1.82% | 4.30% | +244 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 36.16% | 30.41% | 43.48% | 8.99% | 10.11% | -2,605 bps | |
| Loan Growth (YoY) | 46.25% | 33.46% | 42.45% | -6.24% | -13.53% | -5,978 bps | |
| Deposit Growth (YoY) | 38.45% | 32.56% | 58.15% | 23.05% | 21.20% | -1,725 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 1.36% | 1.03% | 0.91% | 0.18% | 0.00% | -136 bps | |
| Net Charge-Offs / Loans | 0.11% | 0.21% | 0.16% | 0.00% | 3.68% | +357 bps | |
| Allowance / Loans | 0.89% | 0.96% | 0.92% | 1.01% | 0.14% | -75 bps | |
| Allowance Coverage of NPLs | 0.7x | 0.9x | 1.0x | 5.6x | n/a | n/a | |
| Capital | |||||||
| Tier 1 Leverage Ratio | 9.14% | 9.06% | 9.02% | 8.83% | 8.16% | -98 bps | |
| Total Risk-Based Capital | 14.64% | 14.36% | 14.06% | 14.35% | 12.74% | -190 bps | |
| Equity / Assets | 8.36% | 8.70% | 8.06% | 8.58% | 7.88% | -47 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 106.19% | 99.42% | 90.54% | 81.72% | 75.76% | -3,043 bps | |
| Liquid Assets / Assets | 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 |