Cottonwood, MN · Cert 10208
FDIC · 4 branches
Q3 2021
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2021, the quarter ended September 30, 2021, 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.
Cottonwood, MN · Cert 10208
FDIC · 4 branches
Q3 2021
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 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.36% | 0.32% | 0.24% | 0.22% | 0.11% | 0.27% | -0.04% | -0.23% | -45 bps | |
| Return on Equity | 4.20% | 3.87% | 2.89% | 2.63% | 1.35% | 3.78% | -0.63% | -3.34% | -597 bps | |
| Net Interest Margin | 2.87% | 2.76% | 2.62% | 2.49% | 2.23% | 1.41% | 1.28% | 1.29% | -120 bps | |
| Efficiency Ratio | 80.17% | 87.68% | 89.92% | 90.79% | 93.71% | 87.65% | 102.09% | 113.12% | +2,233 bps | |
| Non-Interest Burden | 2.25% | 2.40% | 2.34% | 2.25% | 2.08% | 1.13% | 1.32% | 1.52% | -73 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 5.94% | 4.48% | 9.06% | 6.22% | 9.20% | 26.07% | 20.19% | 16.40% | +1,018 bps | |
| Loan Growth (YoY) | 1.42% | -1.95% | -4.39% | -3.75% | -12.37% | -27.48% | -27.51% | -29.64% | -2,589 bps | |
| Deposit Growth (YoY) | 5.95% | 4.60% | 9.79% | 6.78% | 10.02% | 28.65% | 22.52% | 18.46% | +1,168 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.92% | 0.68% | 0.63% | 1.20% | 0.08% | 0.03% | 1.75% | 1.65% | +45 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.06% | 0.18% | 0.14% | 0.00% | 0.00% | 0.00% | -18 bps | |
| Allowance / Loans | 1.80% | 1.96% | 1.90% | 1.86% | 1.99% | 2.59% | 2.54% | 2.68% | +82 bps | |
| Allowance Coverage of NPLs | 0.9x | 2.9x | 3.0x | 1.6x | 24.1x | 78.5x | 1.4x | 1.6x | +0.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.39% | 8.33% | 8.36% | 8.11% | 7.52% | 7.07% | 6.67% | 6.70% | -141 bps | |
| Total Risk-Based Capital | 16.43% | 16.99% | 16.75% | 16.81% | 17.39% | 17.43% | 17.41% | 17.45% | +64 bps | |
| Equity / Assets | 8.18% | 8.62% | 8.54% | 8.30% | 7.47% | 6.83% | 6.91% | 6.78% | -152 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 38.65% | 38.39% | 38.31% | 36.07% | 30.78% | 21.64% | 22.67% | 21.43% | -1,464 bps | |
| Liquid Assets / Assets | 2.46% | 5.66% | 27.82% | 20.65% | 13.92% | 41.89% | 42.51% | 41.72% | +2,107 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |