Seaford, DE · Cert 8810
FDIC · 16 branches
Q3 2023
Market Position · Salisbury, MD · 2023 SOD (annual) · 15.1% share · #3 of 10 inst. · $0.4B of $2.6B
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 | 0.77% | 0.87% | 0.93% | 1.08% | 1.18% | 1.44% | 1.48% | 1.54% | +46 bps | |
| Return on Equity | 8.92% | 10.15% | 10.92% | 12.55% | 13.41% | 14.47% | 14.62% | 14.87% | +232 bps | |
| Net Interest Margin | 2.82% | 3.02% | 3.10% | 3.36% | 3.67% | 4.30% | 4.35% | 4.40% | +105 bps | |
| Efficiency Ratio | 67.86% | 67.02% | 65.02% | 61.57% | 59.57% | 56.40% | 56.24% | 56.09% | -548 bps | |
| Non-Interest Burden | 1.79% | 1.90% | 1.88% | 1.92% | 2.03% | 2.24% | 2.26% | 2.28% | +37 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 7.79% | 2.49% | 1.56% | -4.21% | -8.50% | -10.12% | -11.91% | -9.12% | -491 bps | |
| Loan Growth (YoY) | 8.03% | 8.45% | 7.86% | 5.57% | 5.14% | 4.00% | 4.26% | 5.87% | +30 bps | |
| Deposit Growth (YoY) | 8.89% | 3.39% | 1.90% | -4.41% | -8.75% | -11.46% | -13.60% | -10.75% | -634 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.23% | 0.83% | 0.62% | 0.55% | 0.28% | 0.28% | 0.32% | 0.24% | -31 bps | |
| Net Charge-Offs / Loans | 0.11% | 0.09% | 0.25% | 0.29% | 0.22% | -0.03% | -0.02% | 0.01% | -28 bps | |
| Allowance / Loans | 1.60% | 1.52% | 1.40% | 1.29% | 1.30% | 1.33% | 1.31% | 1.26% | -4 bps | |
| Allowance Coverage of NPLs | 1.3x | 1.8x | 2.3x | 2.4x | 4.6x | 4.8x | 4.1x | 5.2x | +2.9x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.11% | 8.16% | 8.27% | 8.69% | 9.33% | 10.08% | 10.57% | 10.93% | +224 bps | |
| Total Risk-Based Capital | 12.88% | 12.56% | 12.67% | 13.03% | 13.36% | 13.69% | 13.98% | 14.18% | +115 bps | |
| Equity / Assets | 8.78% | 8.40% | 8.33% | 8.79% | 9.67% | 10.24% | 10.55% | 10.88% | +208 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 76.82% | 78.25% | 77.98% | 82.76% | 88.52% | 91.92% | 94.10% | 98.17% | +1,541 bps | |
| Liquid Assets / Assets | 18.53% | 17.19% | 16.73% | 12.65% | 6.84% | 4.12% | 2.20% | 0.97% | -1,168 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |