Orange City, IA · Cert 13411
FDIC · 2 branches
Q3 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2023, the quarter ended September 30, 2023, 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.
Orange City, IA · Cert 13411
FDIC · 2 branches
Q3 2023
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 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.75% | 1.72% | 1.78% | 1.84% | 1.86% | 1.91% | 1.97% | 2.03% | +18 bps | |
| Return on Equity | 13.13% | 14.23% | 14.49% | 14.98% | 15.09% | 15.28% | 15.60% | 16.01% | +104 bps | |
| Net Interest Margin | 3.20% | 3.22% | 3.15% | 3.31% | 3.36% | 3.63% | 3.62% | 3.56% | +25 bps | |
| Efficiency Ratio | 43.62% | 40.91% | 42.24% | 42.15% | 42.24% | 39.37% | 39.90% | 38.78% | -337 bps | |
| Non-Interest Burden | 0.89% | 0.92% | 0.83% | 0.83% | 0.89% | 1.08% | 1.04% | 0.88% | +5 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 0.69% | 2.11% | -0.49% | 3.19% | 0.90% | -4.51% | 2.52% | 2.03% | -117 bps | |
| Loan Growth (YoY) | 4.57% | 1.92% | -0.18% | -1.87% | 1.28% | -0.09% | -0.22% | 1.05% | +292 bps | |
| Deposit Growth (YoY) | 2.58% | 4.48% | 1.63% | 6.30% | 1.55% | -5.04% | -0.94% | -8.29% | -1,459 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.09% | 0.08% | 0.08% | 0.16% | 0.07% | 0.07% | 0.07% | 0.07% | -10 bps | |
| Net Charge-Offs / Loans | -0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 1.84% | 1.91% | 1.91% | 1.91% | 1.82% | 2.12% | 2.12% | 2.09% | +19 bps | |
| Allowance Coverage of NPLs | 21.0x | 22.7x | 23.9x | 11.7x | 24.6x | 28.9x | 30.7x | 32.1x | +20.4x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 11.63% | 12.01% | 12.27% | 13.07% | 12.25% | 12.78% | 13.00% | 13.37% | +30 bps | |
| Total Risk-Based Capital | 11.63% | 12.01% | 12.27% | 13.07% | 12.25% | 12.78% | 13.00% | 13.37% | +30 bps | |
| Equity / Assets | 12.38% | 11.74% | 12.77% | 12.33% | 12.34% | 12.63% | 12.94% | 12.69% | +36 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 96.42% | 86.47% | 92.63% | 87.17% | 96.16% | 90.98% | 93.31% | 96.04% | +887 bps | |
| Liquid Assets / Assets | 6.86% | 15.65% | 9.34% | 12.48% | 2.02% | 9.49% | 1.78% | 1.62% | -1,086 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |