Financial Information

CFG Bank. More confidence.

CFG, the 12th largest bank headquartered in Maryland, has:

  • "A" rating from Egan Jones
  • 300/300 "Superior" IDC Rating
  • Is ranked third nationally by the Independent Community Bankers of America as a top performing bank between $300 million and $1 billion in assets as part of its annual "Best of the Best" list.
  • An A+ health rating from DepositAccounts.com

Click here to view detailed year-by-year CFG Bank financial highlights


Balance Sheet

  12/31/17 YTD 12/31/18 YTD 12/31/19 YTD 3/31/20 YTD
Total Assets ($000s) $684,325 $832,274 $1,226,251 $1,289,712
Total Loans ($000s) $583,439 $696,120 $915,454 $984,830
Total Deposits ($000s) $499,279 $659,577 $1,044,098 $1,093,137
Loan Growth -3.0% 19.3% 31.5% 7.6%
Loans/Deposits 116.9% 105.5% 87.7% 90.1%

 

Performance Measures

  12/31/17 YTD 12/31/18 YTD 12/31/19 YTD 3/31/20 YTD
Net Income ($000s)* $17,913 $24,595 $19,968 $4,299
ROAA* 2.58% 3.20% 1.95% 1.37%
ROAE* 15.75% 18.64% 11.91% 10.23%
Net Interest Margin 5.5% 5.0% 4.8% 4.0%
Efficiency Ratio 56.6% 55.8% 63.0% 55.0%

 

Capital Ratios

  12/31/17 YTD 12/31/18 YTD 12/31/19 YTD 3/31/20 YTD
Risk-Based Capital Ratio 18.37% 20.87% 15.27% 14.37%
Tier 1 Risk-Based Ratio 17.07% 19.58% 14.00% 13.11%
Leverage Ratio 14.16% 17.46% 12.65% 13.17%

 

Asset Quality

  12/31/17 YTD 12/31/18 YTD 12/31/19 YTD 3/31/20 YTD
Non-Performing Loans 2.70% 1.89% .99% 0.77%
Non-Performing Assets 2.30% 1.59% 0.74% 0.59%
Loan Loss Reserves/Loans 2.35% 2.24% 2.06% 2.11%
Loan Loss Reserves/NPLs 86.6% 118.0% 208.1% 274.3%
Texas Ratio 14.3% 8.7% 5.6% 4.2%

 

  12/31/17 YTD 12/31/18 YTD 12/31/19 YTD 3/31/20 YTD
Full Time Employees 119 125 132 139

 

Ratings

  12/31/17 YTD 12/31/18 YTD 12/31/19 YTD 3/31/20 YTD
IDC 300 300 300 300
Egan Jones Rating A A A A
Source: S&P Global Market Intelligence derived from selected FFIEC Call Report data for the periods presented.
*These performance measures reflect S Corporation earnings and are accordingly not tax effected.

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