CMS Case Study
IV. Situational Analysis: Internal
A.
Historical Financial Performance
The following chart provides bank-level financial highlights for the years ended December 31, 2011 to 2019 and the 12 months ended June 30, 2020.
LTM
Year Ended December 31,
Dollars in thousands.
2011
2012
2013
2014
2015
2016
2017
2018
2019 6/30/2020
Balance Sheet Highlights Total Assets
$286,806 $301,201 $315,933 $357,341 $380,351 $414,180 $452,039 $519,569 $559,654 $692,192 195,216 206,731 227,932 239,873 250,928 271,580 298,425 322,946 359,075 407,158
Total Loans & Leases (Incl HFI & HFS)
Loan Growth Rate (%)
(2.43)
5.90
10.26
5.24
4.61
8.23
9.88
8.22
11.19
23.93
Total Deposits (Incl Dom & For) Deposit Growth Rate (%) Loans/ Deposits (%) Memo: Full-time Employees
241,088 252,969 269,502 296,396 313,457 345,704 389,190 438,259 476,600 583,437
(3.07) 80.97
4.93
6.54
9.98
5.76
10.29 78.56
12.58 76.68
12.61 73.69
8.75
28.19 69.79
80.93
80.05
75.34
81.72
84.58
92
89
91
92
92
96
111
112
113
116
Performance Measures Net Income
$2,318 $2,629 $2,804 $3,004 $3,484 $3,131 $3,486 $4,778 $6,006 $6,249
0.81 8.43 0.78 3.08 4.40 4.21
0.90 8.71 0.68 3.23 4.45 4.27
0.90 8.94 0.70 3.04 4.27 4.11
0.90 9.13 0.80 2.98 4.26 4.13
0.95 9.87 0.68 3.10 4.06 3.94
0.80 8.37 0.67 3.05 3.94 3.84
0.80 8.23 0.62 2.92 3.90 3.77
0.99
1.14
1.08
ROAA (%) ROAE (%)
10.93
11.56
11.12
Noninterest Income/ Average Assets (%) Noninterest Expense/ Avg Assets (%)
0.67 2.90 3.69 3.46
0.86 2.83 3.78 3.49
0.72 2.64 3.67 3.40
Net Interest Margin (%) Yield/ Cost Spread (%) Efficiency Ratio (FTE) (%)
62.48
66.11
64.53
62.26
68.40
69.28
68.50
71.01
65.13
64.16
Capitalization Tangible Equity Equity/ Assets (%)
$29,025 $31,103 $31,607 $34,292 $36,394 $35,983 $43,313 $46,920 $55,923 $64,478
10.12 13.89 12.78
10.33 13.74 12.61
10.00 13.64 12.49
9.60
9.57
8.69
9.58
9.03
9.99
9.32
Risk Based Capital Ratio (%) Tier 1 Risk-based Ratio (%)
13.27 12.05
13.55 12.49
12.76 11.79
13.80 12.81
13.99 12.99
14.88 13.63
15.79 14.54
Asset Quality (%) NPLs/ Loans
2.13 1.86 1.42 0.66 5.54 2.81 4.82 0.62 1.93 0.68 0.45 4.13
1.17 1.09 1.22 0.46 5.32 2.67 4.56 0.56 1.36 0.62 0.41 3.94
0.78 0.64 1.11 0.51 5.20 2.55 4.44 0.54 1.26 0.60 0.43 3.84
0.60 0.46 1.13 0.29 5.17 2.56 4.45 0.61 1.70 0.68 0.46 3.77
0.14 0.09 1.14 0.07 5.36 2.73 4.48 1.00 1.60 1.02 0.67 3.46
0.50 0.32 1.39 0.05 5.58 2.87 4.72 1.23 1.28 1.23 0.78 3.49
0.66 0.39 1.37 0.06 5.43 2.76 4.45 1.06 0.78 1.04 0.64 3.40
0.74 1.70 1.27 1.10 6.52 3.03 5.55 1.25 2.71 1.34 1.04 4.21
1.52 1.46 1.31 0.41 6.38 2.64 5.29 0.90 2.70 1.02 0.74 4.27
1.92 1.73 1.31 0.40 5.89 2.59 4.97 0.75 2.55 0.86 0.59 4.11
NPAs/ Assets
Loan Loss Reserves/ Gross Loans
Net Chargeoffs/ Avg Loans
Yields/Cost (%) Yield on Total Loans and Leases Yield on Debt and Equity Securities
Yield on Earning Assets Cost of Int-bearing Deposits
Cost of Borrowings
Cost of Interest-bearing Liabilities
Cost of Funds
Yield/ Cost Spread
Source: S&P Global Market Intelligence
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