PackageTrendsPeer
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Bank of Delmarva, National Association, The

Seaford, DE · Cert 8810

FDIC · 16 branches

Q3 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

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.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

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 Delmarva, National Association, The

Seaford, DE · Cert 8810

FDIC · 16 branches

Q3 2023

$892.3MAssets
$774.3MLoans
$788.7MDeposits
$97.1MEquity
Loan mix
88%RE $482.1M12%C&I $63.6M0%Consumer $0.7MQ3 2022Q3 2023
Deposit mix
59%Interest-bearing $468.7M41%Noninterest $320.1MQ3 2022Q3 2023

NIM

3.17%Q3 ’213.61%Q3 ’224.99%Q3 ’23+20%+31%

Non-interest income vs. expense

2.20%Q3 ’212.31%Q3 ’222.71%Q3 ’23+7%+19%

Market Position · Salisbury, MD · 2023 SOD (annual) · 15.1% share · #3 of 10 inst. · $0.4B of $2.6B

17.0% Wicomico
0.2% Sussex
0.6% Burlington
2.0% Worcester

Executive Summary

  • Earnings: ROA of 1.54%, up 46 bps year over year; NIM at 4.40%.
  • Asset quality: problem loans at 0.24% of loans (-31 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.93%, up 224 bps from a year ago.
  • Funding: loans stand at 98.17% of deposits as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

1.54%+46 bps YoY

Net Interest Margin (YTD, annualized)

4.40%+105 bps YoY

Efficiency Ratio (YTD, annualized)

56.09%-548 bps YoY

Tier 1 Leverage Ratio

10.93%+224 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets1.08%1.18%1.44%1.48%1.54%+46 bps
Return on Equity12.55%13.41%14.47%14.62%14.87%+232 bps
Net Interest Margin3.36%3.67%4.30%4.35%4.40%+105 bps
Efficiency Ratio61.57%59.57%56.40%56.24%56.09%-548 bps
Non-Interest Burden1.92%2.03%2.24%2.26%2.28%+37 bps
Growth
Asset Growth (YoY)-4.21%-8.50%-10.12%-11.91%-9.12%-491 bps
Loan Growth (YoY)5.57%5.14%4.00%4.26%5.87%+30 bps
Deposit Growth (YoY)-4.41%-8.75%-11.46%-13.60%-10.75%-634 bps
Asset Quality
Nonperforming Loans / Loans0.55%0.28%0.28%0.32%0.24%-31 bps
Net Charge-Offs / Loans0.29%0.22%-0.03%-0.02%0.01%-28 bps
Allowance / Loans1.29%1.30%1.33%1.31%1.26%-4 bps
Allowance Coverage of NPLs2.4x4.6x4.8x4.1x5.2x+2.9x
Capital
Tier 1 Leverage Ratio8.69%9.33%10.08%10.57%10.93%+224 bps
Total Risk-Based Capital13.03%13.36%13.69%13.98%14.18%+115 bps
Equity / Assets8.79%9.67%10.24%10.55%10.88%+208 bps
Liquidity & Funding
Loans / Deposits82.76%88.52%91.92%94.10%98.17%+1,541 bps
Liquid Assets / Assets12.65%6.84%4.12%2.20%0.97%-1,168 bps
CRE / Total Capitaln/an/an/an/an/an/an/a