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Bank of McKenney

McKenney, VA · Cert 6139

FDIC · 12 branches

Q3 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q3 2024, the quarter ended September 30, 2024, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets (n=553 to 600). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

16

Q2 2024Q3 2024peer median (50)

Asset Quality

70

Q2 2024Q3 2024peer median (50)

Profitability

27

Q2 2024Q3 2024peer median (50)

Liquidity

60

Q2 2024Q3 2024peer median

Efficiency

17

Q2 2024Q3 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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

Bank of McKenney

McKenney, VA · Cert 6139

FDIC · 12 branches

Q3 2024

$660.8MAssets
$492.4MLoans
$559.1MDeposits
$59.0MEquity
Loan mix
91%RE $352.3M8%C&I $30.8M1%Consumer $2.3MQ4 2022Q3 2024
Deposit mix
74%Interest-bearing $414.0M26%Noninterest $145.1MQ4 2022Q3 2024

Market Position · Richmond, VA · 2024 SOD (annual) · 0.6% share · #15 of 28 inst. · $0.3B of $55.3B

45.8% Dinwiddie
12.9% Mecklenburg
1.2% Chesterfield
5.4% Colonial Heights (City)

Executive Summary

  • Earnings: ROA of 0.09%, down 18 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.09% of loans (+3 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.02%, up 30 bps from a year ago.
  • Funding: loans stand at 88.07% of deposits as of Q3 2024.

Return on Assets (YTD, annualized)

0.09%-18 bps YoY

Net Interest Margin (YTD, annualized)

3.27%-3 bps YoY

Efficiency Ratio (YTD, annualized)

88.85%+397 bps YoY

Tier 1 Leverage Ratio

10.02%+30 bps YoY

NIM

3.68%Q3 ’224.34%Q3 ’234.84%Q3 ’24-5%-1%

Non-interest income vs. expense

3.00%Q3 ’223.28%Q3 ’233.35%Q3 ’24+13%+5%

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.83%0.03%0.18%0.27%0.40%0.33%0.38%0.09%-18 bps
Return on Equity9.54%0.34%2.24%3.36%4.83%3.86%4.47%1.03%-233 bps
Net Interest Margin3.54%3.58%3.41%3.30%3.23%3.20%3.19%3.27%-3 bps
Efficiency Ratio73.23%83.92%85.55%84.88%83.26%87.27%84.25%88.85%+397 bps
Non-Interest Burden2.47%2.96%2.87%2.75%2.63%2.75%2.63%2.87%+13 bps
Growth
Asset Growth (YoY)7.06%8.44%6.68%7.42%5.77%4.35%2.83%0.08%-734 bps
Loan Growth (YoY)20.94%16.35%10.31%8.97%4.43%1.85%-1.01%-3.93%-1,290 bps
Deposit Growth (YoY)2.95%3.53%-2.01%0.17%2.33%1.15%2.85%0.43%+25 bps
Asset Quality
Nonperforming Loans / Loans0.09%0.07%0.07%0.06%0.08%0.03%0.10%0.09%+3 bps
Net Charge-Offs / Loans0.02%-0.02%0.00%0.01%0.02%0.00%0.00%0.00%-2 bps
Allowance / Loans1.00%0.99%0.98%0.98%0.98%0.98%1.02%1.01%+4 bps
Allowance Coverage of NPLs11.6x13.8x15.0x15.9x11.7x35.3x10.4x11.0x-5.0x
Capital
Tier 1 Leverage Ratio10.13%9.89%9.80%9.71%9.68%9.89%9.92%10.02%+30 bps
Total Risk-Based Capital10.13%9.89%9.80%9.71%9.68%9.89%9.92%10.02%+30 bps
Equity / Assets8.25%8.33%8.13%7.81%8.56%8.39%8.61%8.93%+112 bps
Liquidity & Funding
Loans / Deposits90.83%89.22%94.12%92.06%92.70%89.84%90.60%88.07%-399 bps
Liquid Assets / Assets0.59%2.04%2.07%1.86%2.12%3.14%4.84%7.06%+520 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a

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. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Bank of McKenney

McKenney, VA · Cert 6139 · Peer group: banks under $1B in assets (n=553-600)

FDIC · 12 branches

Q3 2024

$660.8MAssets
$492.4MLoans
$559.1MDeposits
$59.0MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 71% of banks under $1B in assets (rank 159 of 553).
  • Widest gap: total risk-based capital ratio trails 93% of banks under $1B in assets (rank 555 of 599).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.09%

Rank 527 of 600

Net Interest Margin

3.27%

Rank 268 of 599

Efficiency Ratio

89.51%

Rank 498 of 599

Equity / Assets

8.93%

Rank 401 of 599

Non-interest income vs. expense

$3.2M$22.1MINCOMEEXPENSE
Unfavorable gap of $19.0M · efficiency ratio beats 17% of banks under $1B in assets
Bank 89.51%Peer median 71.8%Q2 2024Q3 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.09%0.46%0.79%1.24%Beats 12%527 / 600
Return on Equity1.00%4.80%8.06%11.58%Beats 13%524 / 599
Net Interest Margin3.27%2.69%3.18%3.78%Beats 55%268 / 599
Efficiency Ratio89.51%60.70%71.81%83.57%Beats 17%498 / 599
Asset Quality
Nonperforming Loans / Loans0.09%0.07%0.33%0.86%Beats 71%159 / 553
Net Charge-Offs / Loans0.00%0.00%0.02%0.08%Beats 68%182 / 553
Capital
Tier 1 Capital Ratio10.02%11.16%13.46%17.80%Beats 9%546 / 599
Total Risk-Based Capital Ratio10.02%11.63%14.22%18.75%Beats 7%555 / 599
Equity / Assets8.93%8.41%10.03%12.90%Beats 33%401 / 599
Liquidity & Funding
Loans / Deposits88.07%64.78%79.25%91.89%67th pctl185 / 562
Loans / Assets74.51%56.05%67.49%76.84%69th pctl172 / 553
Brokered Deposits / Depositsn/aNot reported for this institution