Tappahannock, VA · Cert 8675
FDIC · 24 branches
Q3 2021
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2021, the quarter ended September 30, 2021, 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.
Tappahannock, VA · Cert 8675
FDIC · 24 branches
Q3 2021
Market Position · Richmond, VA · 2021 SOD (annual) · 0.6% share · #9 of 29 inst. · $0.8B of $127.3B
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 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.15% | 0.43% | 0.78% | 0.92% | 1.04% | 1.63% | 1.47% | 1.49% | +58 bps | |
| Return on Equity | 10.89% | 3.95% | 7.30% | 8.61% | 9.78% | 15.60% | 14.11% | 14.29% | +568 bps | |
| Net Interest Margin | 3.54% | 3.42% | 3.16% | 3.11% | 3.14% | 3.41% | 3.33% | 3.29% | +18 bps | |
| Efficiency Ratio | 64.24% | 62.43% | 59.62% | 59.68% | 58.59% | 55.31% | 56.45% | 56.21% | -347 bps | |
| Non-Interest Burden | 2.13% | 1.97% | 1.72% | 1.70% | 1.68% | 1.69% | 1.68% | 1.66% | -4 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 2.74% | 3.94% | 12.85% | 14.02% | 14.92% | 16.88% | 8.62% | 9.20% | -482 bps | |
| Loan Growth (YoY) | 5.74% | 7.42% | 12.67% | 12.87% | 10.54% | 10.18% | 1.22% | 3.37% | -950 bps | |
| Deposit Growth (YoY) | -0.26% | 4.38% | 11.99% | 16.22% | 20.24% | 17.89% | 9.28% | 9.54% | -668 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.71% | 0.58% | 0.46% | 0.42% | 0.43% | 0.32% | 0.34% | 0.35% | -7 bps | |
| Net Charge-Offs / Loans | 0.08% | -0.03% | 0.07% | 0.03% | 0.02% | 0.04% | -0.01% | -0.03% | -6 bps | |
| Allowance / Loans | 0.79% | 1.08% | 1.04% | 1.04% | 1.04% | 0.90% | 0.92% | 0.81% | -23 bps | |
| Allowance Coverage of NPLs | 1.1x | 1.9x | 2.2x | 2.5x | 2.4x | 2.8x | 2.7x | 2.3x | -0.2x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 11.03% | 10.93% | 10.25% | 10.19% | 10.14% | 10.43% | 10.28% | 10.33% | +14 bps | |
| Total Risk-Based Capital | 13.86% | 13.90% | 13.88% | 13.88% | 13.60% | 13.83% | 14.11% | 13.65% | -22 bps | |
| Equity / Assets | 11.08% | 10.95% | 10.18% | 10.43% | 10.48% | 10.36% | 10.37% | 10.52% | +9 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 93.74% | 91.05% | 87.62% | 88.04% | 86.18% | 85.10% | 81.16% | 83.08% | -496 bps | |
| Liquid Assets / Assets | 3.31% | 2.71% | 5.51% | 4.92% | 4.03% | 5.57% | 6.94% | 2.41% | -251 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |