Kerkhoven, MN · Cert 10176
FDIC · 2 branches
Q4 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2023, the quarter ended December 31, 2023, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Kerkhoven, MN · Cert 10176
FDIC · 2 branches
Q4 2023
Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2023 SOD (annual) · 0.0% share · #117 of 137 inst. · $0.1B of $237.6B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.57% | 0.59% | 0.76% | 0.45% | 0.53% | 0.63% | 0.83% | 0.91% | +46 bps | |
| Return on Equity | 4.06% | 3.98% | 4.97% | 2.90% | 3.18% | 3.81% | 5.06% | 5.55% | +264 bps | |
| Net Interest Margin | 2.88% | 3.29% | 4.01% | 4.01% | 4.05% | 3.99% | 3.93% | 4.01% | -1 bps | |
| Efficiency Ratio | 71.96% | 69.45% | 66.93% | 70.11% | 78.77% | 72.96% | 67.69% | 65.05% | -507 bps | |
| Non-Interest Burden | 1.90% | 2.08% | 2.42% | 2.55% | 2.96% | 2.65% | 2.43% | 2.38% | -17 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 19.15% | 4.61% | 4.89% | -11.63% | -6.65% | 11.86% | 14.02% | 11.08% | +2,271 bps | |
| Loan Growth (YoY) | -18.90% | -5.52% | 3.76% | 22.69% | 26.29% | 28.23% | 25.15% | 18.50% | -418 bps | |
| Deposit Growth (YoY) | 18.22% | 3.21% | -4.51% | -24.46% | -22.77% | -10.91% | 4.02% | 12.62% | +3,708 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.09% | 0.08% | 0.05% | 0.05% | 0.03% | 0.03% | 0.00% | 0.00% | -5 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | -0.01% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 0.00% | 0.13% | 0.13% | 0.37% | 0.41% | 0.47% | 0.47% | 0.48% | +10 bps | |
| Allowance Coverage of NPLs | 0.0x | 1.6x | 2.4x | 7.5x | 14.1x | 17.6x | n/a | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 6.78% | 7.28% | 9.49% | 9.15% | 9.42% | 9.25% | 9.21% | 9.40% | +25 bps | |
| Total Risk-Based Capital | 9.83% | 10.15% | 10.84% | 10.22% | 11.41% | 11.08% | 10.95% | 11.49% | +126 bps | |
| Equity / Assets | 14.30% | 16.31% | 17.40% | 16.54% | 16.84% | 16.17% | 16.37% | 16.48% | -6 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 69.65% | 82.70% | 93.89% | 108.75% | 113.89% | 119.03% | 112.96% | 114.43% | +568 bps | |
| Liquid Assets / Assets | 0.57% | 0.75% | 0.76% | 0.45% | 0.45% | 0.43% | 0.50% | 0.18% | -28 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |