Cranston, RI · Cert 58937
FDIC · 11 branches
Q3 2018
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2018, the quarter ended September 30, 2018, 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.
Cranston, RI · Cert 58937
FDIC · 11 branches
Q3 2018
Market Position · Providence-Warwick, RI-MA · 2018 SOD (annual) · 1.1% share · #14 of 30 inst. · $0.5B of $46.1B
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 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.58% | 0.36% | 0.43% | 0.48% | 0.39% | 0.43% | 0.62% | 0.68% | +20 bps | |
| Return on Equity | 6.31% | 4.04% | 4.83% | 5.46% | 4.50% | 5.24% | 7.70% | 8.45% | +299 bps | |
| Net Interest Margin | 2.86% | 2.89% | 2.90% | 2.80% | 2.73% | 2.82% | 2.71% | 2.67% | -13 bps | |
| Efficiency Ratio | 75.86% | 83.92% | 80.43% | 78.29% | 79.16% | 77.81% | 72.26% | 70.86% | -744 bps | |
| Non-Interest Burden | 1.87% | 2.25% | 2.11% | 1.95% | 1.94% | 2.01% | 1.71% | 1.63% | -32 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 16.44% | 12.84% | 13.81% | 10.85% | 14.75% | 22.98% | 23.61% | 20.11% | +926 bps | |
| Loan Growth (YoY) | 12.84% | 7.27% | 9.18% | 7.53% | 14.11% | 24.05% | 25.83% | 22.78% | +1,525 bps | |
| Deposit Growth (YoY) | 21.19% | 23.04% | 22.79% | 19.33% | 6.54% | 6.37% | 5.75% | 3.38% | -1,595 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.78% | 0.61% | 0.82% | 0.76% | 0.62% | 0.60% | 0.75% | -6 bps | |
| Net Charge-Offs / Loans | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 0.04% | 0.02% | +3 bps | |
| Allowance / Loans | 0.45% | 0.47% | 0.47% | 0.47% | 0.46% | 0.47% | 0.46% | 0.47% | 0 bps | |
| Allowance Coverage of NPLs | n/a | 0.6x | 0.8x | 0.6x | 0.6x | 0.8x | 0.8x | 0.6x | 0.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.03% | 9.14% | 9.14% | 8.77% | 8.56% | 8.70% | 8.28% | 8.23% | -55 bps | |
| Total Risk-Based Capital | 13.37% | 13.79% | 13.13% | 13.07% | 13.08% | 12.97% | 12.90% | 12.76% | -31 bps | |
| Equity / Assets | 8.87% | 9.14% | 8.70% | 8.57% | 8.16% | 8.26% | 7.92% | 8.08% | -48 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 120.61% | 116.69% | 120.65% | 125.25% | 129.18% | 136.08% | 143.56% | 148.75% | +2,351 bps | |
| Liquid Assets / Assets | 6.11% | 5.86% | 6.04% | 5.39% | 6.73% | 5.28% | 5.25% | 5.30% | -8 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |