Morton, MS · Cert 8556
FDIC · 1 branch
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.
Morton, MS · Cert 8556
FDIC · 1 branch
Q3 2023
Market Position · Jackson, MS · 2023 SOD (annual) · 0.3% share · #22 of 32 inst. · $0.1B of $20.4B
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 | 1.31% | 0.93% | 1.07% | 1.17% | 1.21% | 1.21% | 1.46% | 1.22% | +5 bps | |
| Return on Equity | 10.02% | 7.74% | 9.26% | 10.49% | 11.02% | 11.42% | 13.66% | 11.49% | +100 bps | |
| Net Interest Margin | 3.44% | 3.27% | 3.41% | 3.69% | 3.84% | 3.95% | 4.14% | 4.36% | +67 bps | |
| Efficiency Ratio | 67.26% | 69.49% | 66.52% | 65.26% | 64.76% | 65.82% | 60.98% | 68.17% | +291 bps | |
| Non-Interest Burden | 2.05% | 2.02% | 2.00% | 2.11% | 2.19% | 2.32% | 2.21% | 2.72% | +60 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.74% | 2.43% | -0.81% | -3.61% | -3.61% | -2.69% | -1.71% | -2.56% | +105 bps | |
| Loan Growth (YoY) | -5.65% | -6.36% | -5.45% | -3.95% | -0.87% | 3.93% | 6.91% | 9.39% | +1,334 bps | |
| Deposit Growth (YoY) | 11.02% | 4.84% | 1.93% | -0.11% | -1.11% | -2.15% | -2.02% | -3.48% | -337 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 5.93% | 5.77% | 5.33% | 4.86% | 3.60% | 3.85% | 2.66% | 0.97% | -389 bps | |
| Net Charge-Offs / Loans | 0.23% | 0.00% | -0.02% | -0.02% | 0.01% | 0.00% | -0.04% | 0.02% | +4 bps | |
| Allowance / Loans | 0.30% | 0.35% | 0.40% | 0.44% | 0.44% | 0.63% | 0.68% | 0.66% | +22 bps | |
| Allowance Coverage of NPLs | 0.1x | 0.1x | 0.1x | 0.1x | 0.1x | 0.2x | 0.3x | 0.7x | +0.6x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 12.35% | 12.48% | 12.52% | 13.08% | 13.48% | 13.39% | 13.65% | 13.95% | +87 bps | |
| Total Risk-Based Capital | 12.35% | 12.48% | 12.52% | 13.08% | 13.48% | 13.39% | 13.65% | 13.95% | +87 bps | |
| Equity / Assets | 12.74% | 11.23% | 10.74% | 9.79% | 10.51% | 10.70% | 10.83% | 10.31% | +52 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 59.85% | 57.06% | 57.65% | 59.01% | 60.00% | 60.61% | 62.90% | 66.88% | +787 bps | |
| Liquid Assets / Assets | 0.51% | 0.53% | 0.56% | 7.10% | 5.46% | 7.06% | 5.76% | 3.35% | -376 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |