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Charter Bank

Biloxi, MS · Cert 58776

FDIC · 4 branches

Q3 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2019, the quarter ended September 30, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Charter Bank

Biloxi, MS · Cert 58776

FDIC · 4 branches

Q3 2019

$148.6MAssets
$104.1MLoans
$126.0MDeposits
$11.4MEquity
Loan mix
80%RE $74.5M18%C&I $16.5M2%Consumer $2.3MQ3 2018Q3 2019
Deposit mix
80%Interest-bearing $101.3M20%Noninterest $24.8MQ3 2018Q3 2019

NIM

4.38%Q3 ’174.34%Q3 ’184.69%Q3 ’19-9%+3%

Non-interest income vs. expense

3.58%Q3 ’173.26%Q3 ’185.31%Q3 ’19-11%+111%

Market Position · Gulfport-Biloxi, MS · 2019 SOD (annual) · 2.1% share · #11 of 17 inst. · $0.1B of $6.0B

4.4% Jackson
1.4% Harrison

Executive Summary

  • Earnings: ROA of -2.78%, down 306 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 0.05% of loans (-200 bps YoY), with net charge-offs at 2.54%.
  • Capital: tier 1 leverage ratio of 6.88%, down 227 bps from a year ago.
  • Funding: loans stand at 82.61% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

-2.78%-306 bps YoY

Net Interest Margin (YTD, annualized)

3.51%+12 bps YoY

Efficiency Ratio (YTD, annualized)

217%+12,740 bps YoY

Tier 1 Leverage Ratio

6.88%-227 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets0.28%0.20%0.26%0.27%-2.78%-306 bps
Return on Equity3.10%2.22%2.84%2.87%-31.36%-3,446 bps
Net Interest Margin3.39%3.51%3.43%3.47%3.51%+12 bps
Efficiency Ratio89.73%88.27%90.34%89.70%217%+12,740 bps
Non-Interest Burden3.01%3.06%3.06%3.08%6.35%+334 bps
Growth
Asset Growth (YoY)-1.01%0.87%9.49%-0.50%-4.49%-348 bps
Loan Growth (YoY)8.51%4.22%7.20%-1.27%-3.30%-1,181 bps
Deposit Growth (YoY)1.75%4.89%11.51%2.99%-5.18%-693 bps
Asset Quality
Nonperforming Loans / Loans2.06%1.97%2.31%2.18%0.05%-200 bps
Net Charge-Offs / Loans0.28%0.38%0.14%0.14%2.54%+226 bps
Allowance / Loans0.95%1.00%0.94%0.96%0.00%-95 bps
Allowance Coverage of NPLs0.5x0.5x0.4x0.4x0.0x-0.5x
Capital
Tier 1 Leverage Ratio9.15%9.34%9.42%9.38%6.88%-227 bps
Total Risk-Based Capital13.60%13.73%13.63%14.26%9.62%-398 bps
Equity / Assets8.85%9.28%8.93%9.56%7.66%-119 bps
Liquidity & Funding
Loans / Deposits81.01%83.51%81.80%81.87%82.61%+160 bps
Liquid Assets / Assets1.37%2.89%3.69%4.22%1.81%+43 bps
CRE / Total Capitaln/an/an/an/an/an/an/a