Fredericksburg, VA · Cert 58824
FDIC · 5 branches
Q3 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2023, the quarter ended September 30, 2023, 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.
Fredericksburg, VA · Cert 58824
FDIC · 5 branches
Q3 2023
Market Position · Washington-Arlington-Alexandria, DC-VA-MD-WV · 2023 SOD (annual) · 0.2% share · #34 of 72 inst. · $0.5B of $296.0B
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 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.52% | 0.25% | 0.51% | 0.61% | 0.69% | 0.81% | 0.75% | 0.80% | +19 bps | |
| Return on Equity | 5.47% | 2.97% | 6.16% | 7.39% | 8.36% | 9.27% | 8.55% | 9.16% | +177 bps | |
| Net Interest Margin | 3.05% | 2.88% | 2.93% | 3.11% | 3.36% | 3.61% | 3.51% | 3.45% | +34 bps | |
| Efficiency Ratio | 72.74% | 82.49% | 73.14% | 70.09% | 68.89% | 69.81% | 71.50% | 70.14% | +6 bps | |
| Non-Interest Burden | 2.07% | 2.37% | 2.10% | 2.13% | 2.26% | 2.48% | 2.48% | 2.39% | +26 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 10.03% | 15.19% | 10.92% | 9.07% | 2.49% | -7.09% | -3.05% | -4.37% | -1,344 bps | |
| Loan Growth (YoY) | 5.97% | 3.15% | 5.39% | 13.05% | 18.42% | 15.63% | 16.80% | 10.74% | -231 bps | |
| Deposit Growth (YoY) | 21.89% | 17.93% | 13.78% | 11.48% | -4.64% | -13.42% | -9.54% | -6.96% | -1,843 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.06% | 0.04% | 0.02% | 0.07% | 0.02% | 0.02% | 0.06% | 0.01% | -6 bps | |
| Net Charge-Offs / Loans | 0.02% | 0.00% | 0.04% | 0.01% | 0.01% | 0.03% | 0.00% | 0.00% | -1 bps | |
| Allowance / Loans | 0.80% | 0.84% | 0.88% | 0.92% | 0.95% | 1.22% | 1.20% | 1.21% | +29 bps | |
| Allowance Coverage of NPLs | 12.6x | 19.8x | 40.2x | 13.4x | 48.6x | 80.0x | 20.9x | 132.1x | +118.7x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.45% | 8.13% | 8.07% | 8.62% | 8.94% | 9.46% | 9.49% | 9.50% | +87 bps | |
| Total Risk-Based Capital | 12.02% | 11.45% | 11.07% | 11.39% | 11.34% | 11.27% | 11.06% | 11.40% | +1 bps | |
| Equity / Assets | 9.09% | 8.02% | 7.78% | 7.99% | 8.66% | 8.90% | 8.65% | 8.56% | +57 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 77.10% | 73.86% | 76.87% | 80.73% | 95.75% | 98.64% | 99.26% | 96.08% | +1,535 bps | |
| Liquid Assets / Assets | 16.88% | 19.29% | 13.96% | 12.98% | 6.05% | 2.11% | 2.33% | 2.62% | -1,036 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |