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 9/30/20 YTD
Total Assets ($000s) $684,325 $832,274 $1,226,251 $1,725,139
Total Loans ($000s) $583,439 $696,120 $915,454 $1,346,560
Total Deposits ($000s) $499,279 $659,577 $1,044,098 $1,519,974
Loan Growth -3.0% 19.3% 31.5% 47.1%
Loans/Deposits 116.9% 105.5% 87.7% 88.6%

 

Performance Measures

  12/31/17 YTD 12/31/18 YTD 12/31/19 YTD 9/30/20 YTD
Net Income ($000s)* $17,913 $24,595 $19,968 $19,307
ROAA* 2.58% 3.20% 1.95% 1.72%
ROAE* 15.75% 18.64% 11.91% 15.22%
Net Interest Margin 5.5% 5.0% 4.8% 3.7%
Efficiency Ratio 56.6% 55.8% 63.0% 50.3%

 

Capital Ratios

  12/31/17 YTD 12/31/18 YTD 12/31/19 YTD 9/30/20 YTD
Risk-Based Capital Ratio** 18.37% 20.87% 15.27% N/A
Tier 1 Risk-Based Ratio** 17.07% 19.58% 14.00% N/A
Leverage Ratio 14.16% 17.46% 12.65% 10.34%

 

Asset Quality

  12/31/17 YTD 12/31/18 YTD 12/31/19 YTD 9/30/20 YTD
Non-Performing Loans 2.70% 1.89% 0.99% 0.29%
Non-Performing Assets 2.30% 1.59% 0.74% 0.32%
Loan Loss Reserves/Loans 2.35% 2.24% 2.06% 1.86%
Loan Loss Reserves/NPLs 86.6% 118.0% 208.1% 618.8%
Texas Ratio 14.3% 8.7% 5.6% 3.0%

 

  12/31/17 YTD 12/31/18 YTD 12/31/19 YTD 9/30/20 YTD
Full Time Employees 119 125 132 141

 

Ratings

  12/31/17 YTD 12/31/18 YTD 12/31/19 YTD 9/30/20 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.
**Effective with the filing of the 9/30/20 Call Report, CFG Community Bank elected the Community Bank. Leverage
Ratio and the Risk-Based and Tier 1 Risk -Based capital ratios were no longer required.

Contact Us

Need something in particular? Not sure where to start? Just want to chat? That’s what we’re here for. Simply enter your contact information and we’ll get back to you in no time.

(410) 823-0500

or
subject
Name
name[first]
name[last]
message