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Financial Highlights for Reg F Compliance

Please review the Financial Highlights for Reg F Compliance.

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3rd Quarter 2022 4th Quarter 2022 1st Quarter 2023 2nd Quarter 2023
CAPITAL RATIOS
Common Equity Tier 1 Capital (%) 10.5515% 10.7744% 10.9424% 10.8181%
Tier I Risk Based Capital (%) 10.9846% 11.2034% 11.3693% 11.2337%
Total Risk Based Capital (%) 12.1786% 12.4141% 12.6678% 12.5354%
Leverage Ratio (%) 9.1887% 9.7561% 10.0523% 9.7721%
PROFITABILITY
Net Income (in thousands) YTD $702,045 $1,008,390 $284,951 $473,522
Return on Average Assets YTD 1.09% 1.19% 1.45% 1.17%
Return on Average Equity YTD 11.25% 12.20% 13.92% 11.35%
Net Interest Margin YTD 2.87% 3.11% 3.89% 3.63%
ASSET QUALITY (Excludes Loans Held for Sale)
Nonperforming Loans (incl. 90+ days past due)/Total Loans .55% .60% .74% .68%
Total Nonperforming and Past Due Loans (30-89 days past due)/Total Loans .74% .78% .87% .82%
Nonperforming Assets (incl. 90+ days past due)/Total Loans and Foreclosed Real Estate .56% .61% .75% .69%
Loan Loss Reserve/Total Loans 1.16% 1.18% 1.21% 1.20%
Reserve Coverage of Nonperforming Loans 2.10x 1.96x 1.64x 1.77x
Net Charge-off Ratio (Annualized net charge-offs to average total loans) .08% .11% .11% .16%
AVERAGE BALANCE SHEET
Total Assets (in millions)1 $83,084 $80,587 $79,784 $83,220
Total Loans (in millions)1 $57,313 $58,169 $58,681 $60,663
Earning Assets (in millions) $76,904 $74,286 $73,427 $76,681
Deposits (in millions)1 $69,444 $66,192 $63,574 $62,765
Shareholders' Equity (in millions) $8,265 $8,020 $8,305 $8,517
GNMA Repurchased Loans (included in OREO/excluded from Asset Quality Ratios) (in thousands) $768 $154 $154 $0

 

Credit Rating Moody's Fitch
Long-term Issuer Baa3 BBB

 

1 Quarter-to-date average balances