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Bank of American Fork

American Fork, UT · Cert 12773

FDIC · 26 branches

Q3 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

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.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Bank of American Fork

American Fork, UT · Cert 12773

FDIC · 26 branches

Q3 2021

$3.6BAssets
$1.9BLoans
$3.3BDeposits
$355.6MEquity
Loan mix
87%RE $1.4B12%C&I $0.2B1%Consumer $0.0BQ3 2020Q3 2021
Deposit mix
63%Interest-bearing $2.1B37%Noninterest $1.2BQ3 2020Q3 2021

NIM

5.10%Q3 ’193.68%Q3 ’202.99%Q3 ’21-25%-20%

Non-interest income vs. expense

2.61%Q3 ’192.13%Q3 ’202.46%Q3 ’21-24%+24%

Market Position · Provo-Orem, UT · 2021 SOD (annual) · 11.0% share · #5 of 14 inst. · $1.8B of $16.6B

11.1% Utah
0.1% Salt Lake
12.9% Cache
3.7% Washington

Executive Summary

  • Earnings: ROA of 0.53%, down 108 bps year over year; NIM at 2.84%.
  • Asset quality: problem loans at 0.29% of loans (-11 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.19%, down 151 bps from a year ago.
  • Funding: loans stand at 58.34% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

0.53%-108 bps YoY

Net Interest Margin (YTD, annualized)

2.84%-73 bps YoY

Efficiency Ratio (YTD, annualized)

70.59%+1,919 bps YoY

Tier 1 Leverage Ratio

9.19%-151 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets1.61%1.56%1.17%1.34%0.53%-108 bps
Return on Equity13.12%13.06%11.36%13.08%5.25%-787 bps
Net Interest Margin3.57%3.27%2.80%2.78%2.84%-73 bps
Efficiency Ratio51.40%51.50%55.41%57.56%70.59%+1,919 bps
Non-Interest Burden1.46%1.32%1.24%1.32%1.81%+35 bps
Growth
Asset Growth (YoY)29.93%39.90%42.17%15.51%14.92%-1,501 bps
Loan Growth (YoY)2.02%0.59%8.48%11.38%10.65%+863 bps
Deposit Growth (YoY)29.29%41.80%48.94%20.88%20.45%-884 bps
Asset Quality
Nonperforming Loans / Loans0.40%0.53%0.41%0.38%0.29%-11 bps
Net Charge-Offs / Loans0.17%0.14%0.05%-0.01%0.00%-16 bps
Allowance / Loans2.40%2.41%2.27%1.86%1.82%-58 bps
Allowance Coverage of NPLs6.0x4.5x5.6x4.8x6.2x+0.2x
Capital
Tier 1 Leverage Ratio10.69%10.18%9.78%9.64%9.19%-151 bps
Total Risk-Based Capital18.83%18.85%18.07%17.83%19.01%+17 bps
Equity / Assets11.17%10.84%9.75%10.27%9.74%-143 bps
Liquidity & Funding
Loans / Deposits63.51%58.49%57.02%59.43%58.34%-516 bps
Liquid Assets / Assets5.69%5.87%2.20%0.76%43.51%+3,782 bps
CRE / Total Capitaln/an/an/an/an/an/an/a