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In light of recent banking industry news, please find a letter from our President and CEO Bill Wiedel here.

As the largest bank headquartered in Baltimore, CFG Bank has:

  • “A” rating from Egan Jones
  • 300/300 “Superior” IDC Rating
  • Ranked #11 in the country by S&P Global Market Intelligence for best-performing community banks with less than $3 billion in assets in 2021
  • National ranking by the Independent Community Bankers of America, as a top performing bank as part of its annual “Best of the Best” list
  • An A+ health rating from DepositAccounts.com

Q4 2022 S&P Global | CFG Bank Regulatory Financial Highlights

12/31/19
YTD
12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
Total Assets ($000s)$1,226,251$1,714,351$2,634,154$4,253,159
Total Loans ($000s)$915,454$1,291,544$1,915,628$3,276,618
Total Deposits ($000s)$1,044,098$1,494,580$2,225,121$3,798,738
Loan Growth31.5%41.1%48.3%71.1%
Loans/Deposits87.7%86.4%86.1%86.3%
12/31/19
YTD
12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
Net Income ($000s)*$19,968$34,874$76,423$114,181
ROAA*1.95%2.10%3.68%3.35%
ROAE*11.91%20.36%35.07%37.76%
Net Interest Margin4.82%3.66%5.08%5.32%
Efficiency Ratio62.97%48.60%42.17%38.13%
12/31/19
YTD
12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
Risk-Based Capital Ratio**15.27%N/AN/AN/A
Tier 1 Risk-Based Ratio**14.00%N/AN/AN/A
Leverage Ratio12.65%9.22%10.46%9.31%
12/31/19
YTD
12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
Non-Performing Loans0.99%1.46%0.33%0.17%
Non-Performing Assets0.74%1.19%0.30%0.16%
Loan Loss Reserves/Loans2.06%2.11%1.89%1.53%
Loan Loss Reserves/NPLs208.1%144.3%556.1%884.2%
Texas Ratio5.6%9.8%2.8%2.7%
12/31/19
YTD
12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
Full-Time Employees132147174247
12/31/19
YTD
12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
IDC300300300300
Egan Jones RatingAAAA
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 BANK ELECTED THE COMMUNITY BANK LEVERAGE.
RATIO AND THE RISK-BASED AND TIER 1 RISK-BASED CAPITAL RATIOS WERE NO LONGER REQUIRED.

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