Preston, MD · Cert 8813
FDIC · 10 branches
Q1 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2023, the quarter ended March 31, 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.
Preston, MD · Cert 8813
FDIC · 10 branches
Q1 2023
Market Position · Salisbury, MD-DE · 2022 SOD (annual) · 0.0% share · #22 of 24 inst. · $0.0B of $91.6B
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 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.01% | 1.04% | 0.97% | 0.73% | 0.75% | 0.79% | 0.86% | -0.53% | -126 bps | |
| Return on Equity | 10.86% | 11.22% | 10.46% | 8.38% | 8.99% | 9.98% | 11.03% | -7.31% | -1,569 bps | |
| Net Interest Margin | 3.23% | 3.33% | 3.23% | 2.82% | 2.87% | 2.96% | 3.02% | 3.02% | +20 bps | |
| Efficiency Ratio | 63.03% | 62.88% | 64.52% | 71.39% | 70.86% | 69.90% | 68.78% | 121.42% | +5,002 bps | |
| Non-Interest Burden | 1.84% | 1.88% | 1.88% | 1.87% | 1.89% | 1.91% | 1.93% | 3.75% | +189 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 8.95% | 7.30% | 6.48% | 0.78% | 1.79% | 2.07% | -0.80% | -1.36% | -215 bps | |
| Loan Growth (YoY) | -8.55% | -14.56% | -7.43% | -5.76% | -1.20% | 8.83% | 5.87% | 5.41% | +1,117 bps | |
| Deposit Growth (YoY) | 11.48% | 8.45% | 10.05% | 4.18% | 6.37% | 7.72% | 3.10% | 0.89% | -329 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.34% | 0.34% | 0.27% | 0.70% | 0.60% | 0.52% | 0.19% | 0.12% | -59 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.07% | 0.04% | 0.00% | -0.02% | -0.03% | 0.01% | -4 bps | |
| Allowance / Loans | 1.01% | 1.11% | 1.08% | 1.07% | 1.07% | 1.08% | 1.08% | 0.87% | -20 bps | |
| Allowance Coverage of NPLs | 2.9x | 3.2x | 4.0x | 1.5x | 1.8x | 2.1x | 5.6x | 7.4x | +5.9x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.24% | 9.44% | 9.45% | 9.53% | 9.54% | 9.66% | 9.75% | 9.32% | -21 bps | |
| Total Risk-Based Capital | 14.02% | 14.87% | 14.78% | 14.66% | 14.65% | 14.59% | 14.94% | 14.31% | -36 bps | |
| Equity / Assets | 9.36% | 9.37% | 9.26% | 8.20% | 7.54% | 6.72% | 7.25% | 7.11% | -109 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 78.93% | 72.58% | 72.72% | 73.40% | 73.31% | 73.32% | 74.67% | 76.69% | +328 bps | |
| Liquid Assets / Assets | 5.03% | 6.68% | 3.64% | 1.71% | 6.70% | 8.56% | 5.51% | 5.21% | +350 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |