| Wednesday, August 9, 2023 |
||||||||
|---|---|---|---|---|---|---|---|---|
|
MANAGING DIRECTOR: |
||||||||
|
US Treasury Market |
|||||||||||
| Date | 1 mo | 3 mo | 6 mo | 1 yr | 2 yr | 3 yr | 5 yr | 7 yr | 10 yr | 20 yr | 30 yr |
| 08/02/23 | 5.36 | 5.41 | 5.49 | 5.37 | 4.88 | 4.55 | 4.24 | 4.17 | 4.08 | 4.36 | 4.18 |
| 08/03/23 | 5.35 | 5.40 | 5.48 | 5.38 | 4.88 | 4.58 | 4.29 | 4.25 | 4.18 | 4.47 | 4.29 |
| 08/04/23 | 5.34 | 5.40 | 5.45 | 5.32 | 4.77 | 4.45 | 4.14 | 4.09 | 4.04 | 4.37 | 4.20 |
| 08/07/23 | 5.38 | 5.41 | 5.46 | 5.33 | 4.77 | 4.46 | 4.17 | 4.13 | 4.09 | 4.43 | 4.27 |
| 08/08/23 | 5.37 | 5.44 | 5.50 | 5.32 | 4.75 | 4.42 | 4.11 | 4.07 | 4.03 | 4.37 | 4.21 |
The data in the table above is static as of the time it was pulled, so rates may have changed. Treat all data in this table and PMR as indications only and availability is always subject to change.
This information was pulled manually from sources we believe to be reliable. New source, as of 12/12/2022, Bloomberg, L.L.P. As of: close of business 8/08/2023
BancPath Summary Data Review
We all like to know what is going on with other banks, and we thought it would be worthwhile to see what the trends are in the banks that use our BancPath Interest Rate Risk model.
So here is what we have seen over the past 12 months:
So here is what we have seen over the past 12 months:
Asset Observations:
-
Investment portfolios have shrunk by about 5.00%
-
Fed Funds Sold is down 24%
-
Loan Portfolios have grown by nearly 8.00%
-
Total Earning Assets are up 3.00%
-
Despite the regression analysis begging us to lengthen asset durations at current rates, the duration of all asset classes has shrunk by 0.16 years.
-
Current Offering rates for loans is up 245 basis points, while Fed Funds is up 364 basis points.
-
Loan Portfolio yields are 1.30% higher than they were a year ago.
-
Liability Observations:
-
DDA balances have shrunk by nearly 17%
-
Interest Bearing Transactions Accts (NOW, MMDA, SVG) balances have shrunk by 1.50%, despite an increase in rates on these accounts of 1.66% to a current cost of 2.01%
-
Time deposits have grown by nearly 23% as offering rates have climbed an average of 2.24% to a current average offering rate of 4.05%.
-
Brokered deposits have increased significantly, although they still represent a relatively small part of the total funding picture.
-
-
Borrowings, both from FHLB and Other Sources (BTFP?) are up more than 36% from one year ago.
Despite all of this, Earnings number are slightly higher, with ROA +6 bp’s, and ROE +2.98%. Spread and Margin continue to show signs of stress, and the COF has increased more than the Yield on Earning Assets. Spread is down by 15 bp’s and Net Interest Margin by 9 bp’s.
If there are other data points you are interested in learning about, please let us know. Thanks, as always for your continued confidence in all of us here at Country Club Bank.
If there are other data points you are interested in learning about, please let us know. Thanks, as always for your continued confidence in all of us here at Country Club Bank.
Here are the results of this analysis:
This information is intended for institutional investors only. The material provided in this document/presentation is for informational purposes only and is intended solely for private use. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instruments.
•Not FDIC Insured •No Bank Guarantee •May Lose Value