Danville, VA · Cert 6837
FDIC · 26 branches
Q1 2024
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2024, the quarter ended March 31, 2024, 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.
Danville, VA · Cert 6837
FDIC · 26 branches
Q1 2024
Market Position · Roanoke, VA · 2023 SOD (annual) · 6.8% share · #4 of 16 inst. · $0.6B of $9.0B
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 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.11% | 1.16% | 1.15% | 1.27% | 1.14% | 1.10% | 1.00% | 0.90% | -37 bps | |
| Return on Equity | 10.23% | 10.66% | 10.50% | 11.25% | 10.09% | 9.75% | 8.77% | 7.57% | -368 bps | |
| Net Interest Margin | 2.63% | 2.86% | 3.01% | 3.11% | 2.97% | 2.88% | 2.79% | 2.56% | -54 bps | |
| Efficiency Ratio | 55.37% | 54.98% | 55.58% | 53.53% | 56.56% | 58.44% | 60.32% | 61.27% | +774 bps | |
| Non-Interest Burden | 1.18% | 1.28% | 1.40% | 1.39% | 1.42% | 1.43% | 1.44% | 1.35% | -4 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 1.29% | -7.03% | -8.00% | -8.05% | -3.77% | 1.31% | 0.90% | -0.05% | +800 bps | |
| Loan Growth (YoY) | 5.59% | 8.84% | 11.89% | 10.53% | 10.44% | 7.22% | 4.67% | 5.30% | -523 bps | |
| Deposit Growth (YoY) | 2.22% | -5.90% | -10.24% | -10.76% | -6.36% | -4.50% | 0.41% | -1.08% | +968 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.07% | 0.06% | 0.06% | 0.09% | 0.05% | 0.16% | 0.25% | 0.23% | +15 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.03% | 0.04% | 0.00% | -0.02% | 0.00% | -0.02% | -5 bps | |
| Allowance / Loans | 0.91% | 0.90% | 0.89% | 1.13% | 1.13% | 1.10% | 1.10% | 1.11% | -2 bps | |
| Allowance Coverage of NPLs | 12.5x | 16.1x | 14.8x | 13.2x | 24.7x | 6.7x | 4.3x | 4.8x | -8.4x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.16% | 9.70% | 10.12% | 10.25% | 10.39% | 10.44% | 10.46% | 10.58% | +33 bps | |
| Total Risk-Based Capital | 13.70% | 13.51% | 13.38% | 13.65% | 13.57% | 13.69% | 13.62% | 13.64% | -1 bps | |
| Equity / Assets | 10.74% | 10.94% | 11.14% | 11.39% | 11.21% | 11.29% | 11.82% | 11.89% | +50 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 71.80% | 78.76% | 84.13% | 84.11% | 84.68% | 88.43% | 87.70% | 89.54% | +543 bps | |
| Liquid Assets / Assets | 9.51% | 1.95% | 1.34% | 1.90% | 1.87% | 1.32% | 1.14% | 0.93% | -97 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |