Waynesboro, VA · Cert 58743
FDIC · 3 branches
Q1 2024
Market Position · Staunton-Stuarts Draft, VA · 2023 SOD (annual) · 5.3% share · #7 of 14 inst. · $0.1B of $2.2B
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 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.35% | 0.47% | 0.46% | 0.36% | 0.38% | 0.35% | 0.32% | 0.22% | -15 bps | |
| Return on Equity | 3.24% | 4.43% | 4.41% | 3.63% | 3.80% | 3.53% | 3.24% | 2.13% | -150 bps | |
| Net Interest Margin | 2.80% | 2.93% | 2.90% | 2.74% | 2.62% | 2.62% | 2.62% | 2.34% | -40 bps | |
| Efficiency Ratio | 81.90% | 79.13% | 80.37% | 93.12% | 93.82% | 92.17% | 93.70% | 99.25% | +613 bps | |
| Non-Interest Burden | 2.21% | 2.23% | 2.25% | 2.53% | 2.44% | 2.38% | 2.44% | 2.32% | -21 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -0.52% | -2.67% | 2.92% | 3.97% | 12.32% | 6.73% | 3.60% | 1.20% | -277 bps | |
| Loan Growth (YoY) | -0.26% | 8.42% | 10.83% | 15.26% | 5.66% | 3.33% | 5.67% | 2.43% | -1,283 bps | |
| Deposit Growth (YoY) | -0.71% | -5.28% | 2.83% | -1.76% | 9.06% | 5.05% | -2.81% | 5.20% | +696 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.18% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | -0.03% | -0.02% | -0.02% | -0.02% | -0.01% | -0.01% | -0.01% | 0.00% | +2 bps | |
| Allowance / Loans | 1.06% | 1.03% | 1.03% | 0.96% | 0.85% | 0.84% | 0.75% | 0.68% | -28 bps | |
| Allowance Coverage of NPLs | 6.0x | 20.9x | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 11.04% | 11.20% | 10.88% | 10.70% | 10.58% | 10.56% | 10.84% | 10.69% | -2 bps | |
| Total Risk-Based Capital | 15.24% | 14.88% | 14.74% | 14.66% | 14.55% | 14.53% | 14.46% | 14.79% | +13 bps | |
| Equity / Assets | 10.75% | 10.55% | 10.00% | 10.10% | 9.66% | 9.97% | 10.05% | 10.31% | +20 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 98.90% | 102.51% | 96.16% | 102.18% | 95.82% | 100.83% | 104.55% | 99.49% | -269 bps | |
| Liquid Assets / Assets | 3.30% | 2.33% | 4.20% | 3.74% | 7.53% | 3.78% | 2.93% | 3.46% | -28 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |