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 (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.80% | 0.94% | 0.81% | 0.69% | 0.89% | +10 bps | |
| Return on Equity | 10.11% | 11.33% | 9.27% | 7.82% | 10.39% | +28 bps | |
| Net Interest Margin | 3.47% | 3.96% | 3.61% | 3.43% | 3.44% | -4 bps | |
| Efficiency Ratio | 64.76% | 65.96% | 69.81% | 73.30% | 67.38% | +262 bps | |
| Non-Interest Burden | 2.20% | 2.55% | 2.48% | 2.50% | 2.29% | +9 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 9.07% | 2.49% | -7.09% | -3.05% | -4.37% | -1,344 bps | |
| Loan Growth (YoY) | 13.05% | 18.42% | 15.63% | 16.80% | 10.74% | -231 bps | |
| Deposit Growth (YoY) | 11.48% | -4.64% | -13.42% | -9.54% | -6.96% | -1,843 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.07% | 0.02% | 0.02% | 0.06% | 0.01% | -6 bps | |
| Net Charge-Offs / Loans | -0.03% | 0.01% | 0.03% | -0.02% | -0.01% | +2 bps | |
| Allowance / Loans | 0.92% | 0.95% | 1.22% | 1.20% | 1.21% | +29 bps | |
| Allowance Coverage of NPLs | 13.4x | 48.6x | 80.0x | 20.9x | 132.1x | +118.7x | |
| Capital | |||||||
| Tier 1 Leverage Ratio | 8.62% | 8.94% | 9.46% | 9.49% | 9.50% | +87 bps | |
| Total Risk-Based Capital | 11.39% | 11.34% | 11.27% | 11.06% | 11.40% | +1 bps | |
| Equity / Assets | 7.99% | 8.66% | 8.90% | 8.65% | 8.56% | +57 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 80.73% | 95.75% | 98.64% | 99.26% | 96.08% | +1,535 bps | |
| Liquid Assets / Assets | 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 |