American Fork, UT · Cert 12773
FDIC · 26 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.
American Fork, UT · Cert 12773
FDIC · 26 branches
Q3 2021
Market Position · Provo-Orem, UT · 2021 SOD (annual) · 11.0% share · #5 of 14 inst. · $1.8B of $16.6B
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 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.94% | 1.80% | 1.63% | 1.61% | 1.56% | 1.17% | 1.34% | 0.53% | -108 bps | |
| Return on Equity | 14.61% | 13.29% | 12.86% | 13.12% | 13.06% | 11.36% | 13.08% | 5.25% | -787 bps | |
| Net Interest Margin | 4.61% | 4.59% | 3.99% | 3.57% | 3.27% | 2.80% | 2.78% | 2.84% | -73 bps | |
| Efficiency Ratio | 47.54% | 51.19% | 51.75% | 51.40% | 51.50% | 55.41% | 57.56% | 70.59% | +1,919 bps | |
| Non-Interest Burden | 1.83% | 2.01% | 1.71% | 1.46% | 1.32% | 1.24% | 1.32% | 1.81% | +35 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 10.19% | 9.08% | 32.66% | 29.93% | 39.90% | 42.17% | 15.51% | 14.92% | -1,501 bps | |
| Loan Growth (YoY) | 0.62% | -1.19% | -0.16% | 2.02% | 0.59% | 8.48% | 11.38% | 10.65% | +863 bps | |
| Deposit Growth (YoY) | 9.62% | 8.76% | 31.86% | 29.29% | 41.80% | 48.94% | 20.88% | 20.45% | -884 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.52% | 0.40% | 0.38% | 0.40% | 0.53% | 0.41% | 0.38% | 0.29% | -11 bps | |
| Net Charge-Offs / Loans | 0.05% | 0.07% | 0.11% | 0.17% | 0.14% | 0.05% | -0.01% | 0.00% | -16 bps | |
| Allowance / Loans | 1.85% | 2.48% | 2.53% | 2.40% | 2.41% | 2.27% | 1.86% | 1.82% | -58 bps | |
| Allowance Coverage of NPLs | 3.6x | 6.3x | 6.7x | 6.0x | 4.5x | 5.6x | 4.8x | 6.2x | +0.2x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 12.45% | 12.57% | 11.52% | 10.69% | 10.18% | 9.78% | 9.64% | 9.19% | -151 bps | |
| Total Risk-Based Capital | 18.14% | 18.39% | 18.93% | 18.83% | 18.85% | 18.07% | 17.83% | 19.01% | +17 bps | |
| Equity / Assets | 13.60% | 13.57% | 11.26% | 11.17% | 10.84% | 9.75% | 10.27% | 9.74% | -143 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 82.45% | 78.29% | 64.49% | 63.51% | 58.49% | 57.02% | 59.43% | 58.34% | -516 bps | |
| Liquid Assets / Assets | 7.15% | 4.85% | 9.00% | 5.69% | 5.87% | 2.20% | 0.76% | 43.51% | +3,782 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |