Pine Island, MN · Cert 12193
FDIC · 1 branch
Q2 2022
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2022, the quarter ended June 30, 2022, 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.
Pine Island, MN · Cert 12193
FDIC · 1 branch
Q2 2022
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 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 2.07% | 2.09% | 2.76% | 2.59% | 2.51% | 0.15% | 1.43% | 1.48% | -111 bps | |
| Return on Equity | 19.54% | 19.69% | 25.78% | 23.94% | 23.25% | 1.26% | 9.12% | 9.81% | -1,413 bps | |
| Net Interest Margin | 3.51% | 3.65% | 4.33% | 4.21% | 4.09% | 0.23% | 3.72% | 3.88% | -33 bps | |
| Efficiency Ratio | 45.77% | 45.04% | 38.57% | 39.55% | 39.92% | 34.78% | 40.06% | 39.10% | -44 bps | |
| Non-Interest Burden | 1.49% | 1.52% | 1.53% | 1.52% | 1.49% | 0.07% | 1.34% | 1.38% | -14 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 9.98% | 8.68% | 7.90% | -2.09% | 4.23% | 16.50% | 27.50% | 36.25% | +3,834 bps | |
| Loan Growth (YoY) | 6.79% | 6.64% | 7.00% | 8.09% | 9.50% | 9.53% | 10.81% | 11.22% | +313 bps | |
| Deposit Growth (YoY) | 12.39% | 17.24% | 16.72% | 2.10% | 5.61% | 9.01% | 22.94% | 34.11% | +3,201 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.28% | 0.27% | 0.16% | 0.14% | 0.13% | 0.13% | 0.13% | 0.12% | -2 bps | |
| Net Charge-Offs / Loans | -0.04% | -0.03% | -0.16% | -0.08% | -0.05% | 0.00% | 0.00% | 0.00% | +8 bps | |
| Allowance / Loans | 1.15% | 1.16% | 1.22% | 1.16% | 1.16% | 0.00% | 0.07% | 0.21% | -95 bps | |
| Allowance Coverage of NPLs | 4.1x | 4.3x | 7.4x | 8.2x | 8.8x | 0.0x | 0.6x | 1.8x | -6.4x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.24% | 9.83% | 9.43% | 10.00% | 10.01% | 8.36% | 8.63% | 8.35% | -165 bps | |
| Total Risk-Based Capital | 14.81% | 14.74% | 14.80% | 14.54% | 14.42% | 11.56% | 12.10% | 11.88% | -267 bps | |
| Equity / Assets | 10.60% | 10.76% | 10.67% | 11.08% | 10.75% | 16.23% | 15.24% | 14.03% | +295 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 100.93% | 98.69% | 97.82% | 104.43% | 104.65% | 99.16% | 88.17% | 86.61% | -1,782 bps | |
| Liquid Assets / Assets | 6.03% | 0.14% | 3.61% | 0.15% | 0.14% | 1.28% | 1.19% | 0.08% | -6 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |