PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Peoples Trust and Savings Bank

Riverside, IA · Cert 11351

FDIC · 1 branch

Q3 2023

$32.4MAssets
$14.2MLoans
$26.1MDeposits
$2.6MEquity
Loan mix
95%RE $13.2M2%C&I $0.3M3%Consumer $0.4MQ3 2022Q3 2023
Deposit mix
53%Interest-bearing $13.7M47%Noninterest $12.3MQ3 2022Q3 2023

NIM

3.54%Q3 ’212.66%Q3 ’223.32%Q3 ’23-24%+10%

Non-interest income vs. expense

2.21%Q3 ’211.94%Q3 ’222.10%Q3 ’23-24%+28%

Market Position · Iowa City, IA · 2023 SOD (annual) · 0.5% share · #14 of 22 inst. · $0.0B of $6.0B

Executive Summary

  • Earnings: ROA of 0.55%, down 13 bps year over year; NIM at 2.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.21%, up 130 bps from a year ago.
  • Funding: loans stand at 54.42% of deposits as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

0.55%-13 bps YoY

Net Interest Margin (YTD, annualized)

2.73%+26 bps YoY

Efficiency Ratio (YTD, annualized)

74.42%+608 bps YoY

Tier 1 Leverage Ratio

11.21%+130 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets0.69%0.80%0.63%0.58%0.55%-13 bps
Return on Equity9.17%10.83%8.27%7.54%7.13%-204 bps
Net Interest Margin2.47%2.60%2.83%2.81%2.73%+26 bps
Efficiency Ratio68.34%64.01%70.23%73.40%74.42%+608 bps
Non-Interest Burden1.57%1.55%1.95%2.04%2.01%+43 bps
Growth
Asset Growth (YoY)9.85%-4.76%-23.62%-17.88%-11.52%-2,137 bps
Loan Growth (YoY)1.43%-4.73%-1.47%7.20%4.96%+353 bps
Deposit Growth (YoY)15.62%-2.34%-35.56%-19.21%-23.36%-3,899 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.01%0.00%0.00%0.00%+1 bps
Allowance / Loans1.96%1.91%1.93%1.93%1.87%-9 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.91%10.21%10.98%11.39%11.21%+130 bps
Total Risk-Based Capital9.91%10.21%10.98%11.39%11.21%+130 bps
Equity / Assets6.83%7.17%8.24%7.73%7.96%+113 bps
Liquidity & Funding
Loans / Deposits39.74%40.26%54.60%43.68%54.42%+1,469 bps
Liquid Assets / Assets3.03%3.78%2.25%2.24%1.94%-109 bps
CRE / Total Capitaln/an/an/an/an/an/an/a