Spartanburg, SC · Cert 58432
FDIC · 7 branches
Q1 2019
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2019, the quarter ended March 31, 2019, 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.
Spartanburg, SC · Cert 58432
FDIC · 7 branches
Q1 2019
Market Position · Spartanburg, SC · 2018 SOD (annual) · 6.7% share · #6 of 19 inst. · $0.4B of $5.4B
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 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.63% | 0.60% | 0.71% | 0.69% | 0.71% | 0.79% | 0.72% | 0.30% | -39 bps | |
| Return on Equity | 5.71% | 5.44% | 6.39% | 6.11% | 6.44% | 7.12% | 6.55% | 2.68% | -343 bps | |
| Net Interest Margin | 3.35% | 3.32% | 3.26% | 3.34% | 3.29% | 3.26% | 3.18% | 3.23% | -11 bps | |
| Efficiency Ratio | 76.56% | 76.55% | 77.07% | 77.15% | 75.62% | 75.04% | 75.22% | 86.50% | +936 bps | |
| Non-Interest Burden | 2.42% | 2.40% | 2.37% | 2.43% | 2.33% | 2.28% | 2.23% | 2.72% | +29 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.32% | 9.52% | 6.60% | 4.48% | 8.56% | 8.72% | 11.02% | 8.29% | +381 bps | |
| Loan Growth (YoY) | 7.48% | 8.36% | 6.36% | 8.96% | 11.00% | 12.11% | 12.82% | 8.49% | -46 bps | |
| Deposit Growth (YoY) | 3.18% | 7.64% | 7.47% | 3.90% | 10.22% | 10.93% | 11.87% | 10.85% | +695 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.90% | 0.61% | 0.54% | 0.51% | 0.48% | 0.50% | 0.49% | 0.54% | +3 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.01% | -0.07% | -0.04% | 0.01% | 0.16% | 0.00% | +7 bps | |
| Allowance / Loans | 1.02% | 1.04% | 1.01% | 1.01% | 1.00% | 0.98% | 0.88% | 0.93% | -8 bps | |
| Allowance Coverage of NPLs | 1.1x | 1.7x | 1.9x | 2.0x | 2.1x | 2.0x | 1.8x | 1.7x | -0.3x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.74% | 10.79% | 10.77% | 10.89% | 10.69% | 10.84% | 10.52% | 10.64% | -25 bps | |
| Total Risk-Based Capital | 12.92% | 12.90% | 12.91% | 12.78% | 12.42% | 12.81% | 12.66% | 12.71% | -7 bps | |
| Equity / Assets | 11.28% | 11.21% | 11.39% | 11.10% | 10.77% | 10.91% | 10.94% | 11.15% | +6 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 93.83% | 92.43% | 92.80% | 95.54% | 94.50% | 93.41% | 93.59% | 93.51% | -203 bps | |
| Liquid Assets / Assets | 0.63% | 1.96% | 0.38% | 0.32% | 0.41% | 1.13% | 0.94% | 0.35% | +3 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |