Lehigh Acres, FL · Cert 58532
FDIC · 7 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.
Lehigh Acres, FL · Cert 58532
FDIC · 7 branches
Q3 2021
Market Position · Naples-Marco Island, FL · 2021 SOD (annual) · 8.2% share · #6 of 32 inst. · $1.9B of $23.1B
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 | 1.08% | 1.17% | 0.55% | 0.79% | 0.91% | 1.02% | 1.04% | 1.04% | +25 bps | |
| Return on Equity | 11.91% | 12.76% | 6.22% | 8.91% | 10.33% | 12.50% | 12.86% | 12.95% | +404 bps | |
| Net Interest Margin | 3.23% | 3.09% | 3.02% | 2.87% | 2.83% | 2.63% | 2.42% | 2.35% | -52 bps | |
| Efficiency Ratio | 59.60% | 58.39% | 55.38% | 53.50% | 51.73% | 53.08% | 51.46% | 50.41% | -309 bps | |
| Non-Interest Burden | 1.82% | 1.70% | 1.57% | 1.44% | 1.36% | 1.29% | 1.14% | 1.08% | -36 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.14% | 10.77% | 27.29% | 24.66% | 26.77% | 37.98% | 23.67% | 25.71% | +105 bps | |
| Loan Growth (YoY) | 3.99% | 1.37% | 14.59% | 9.99% | 5.99% | 5.26% | -11.01% | -11.07% | -2,106 bps | |
| Deposit Growth (YoY) | 7.61% | 10.05% | 30.67% | 27.49% | 30.66% | 44.28% | 26.41% | 29.24% | +174 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.02% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.14% | 0.06% | 0.05% | 0.04% | 0.00% | 0.00% | 0.00% | -5 bps | |
| Allowance / Loans | 0.86% | 0.97% | 1.43% | 1.45% | 1.51% | 1.53% | 1.60% | 1.63% | +18 bps | |
| Allowance Coverage of NPLs | 44.7x | 80.7x | n/a | n/a | 361.8x | n/a | n/a | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.30% | 8.80% | 8.79% | 8.58% | 8.71% | 8.13% | 7.75% | 7.85% | -73 bps | |
| Total Risk-Based Capital | 12.07% | 12.17% | 13.65% | 13.98% | 14.01% | 14.54% | 14.89% | 15.33% | +134 bps | |
| Equity / Assets | 9.27% | 9.08% | 8.48% | 8.71% | 8.58% | 7.82% | 7.92% | 7.96% | -74 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 88.03% | 83.47% | 80.48% | 78.61% | 71.40% | 60.90% | 56.65% | 54.09% | -2,452 bps | |
| Liquid Assets / Assets | 8.88% | 11.49% | 15.96% | 16.93% | 18.99% | 27.41% | 31.74% | 36.19% | +1,926 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |