Sanborn, MN · Cert 1386
FDIC · 2 branches
Q3 2024
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.52% | 0.61% | 0.54% | 0.60% | 0.97% | 0.80% | 0.64% | -3.83% | -443 bps | |
| Return on Equity | 16.66% | 6.33% | 5.34% | 6.12% | 10.62% | 8.62% | 6.35% | -36.33% | -4,245 bps | |
| Net Interest Margin | 3.39% | 3.28% | 3.22% | 3.17% | 3.51% | 3.05% | 3.02% | 2.62% | -55 bps | |
| Efficiency Ratio | 31.78% | 72.40% | 74.64% | 73.67% | 59.37% | 64.99% | 66.13% | 196.08% | +12,241 bps | |
| Non-Interest Burden | 0.93% | 2.26% | 2.29% | 2.24% | 1.93% | 1.86% | 1.86% | 5.19% | +295 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -1.87% | -5.43% | -5.21% | 5.15% | 12.28% | 3.50% | 3.74% | -9.31% | -1,446 bps | |
| Loan Growth (YoY) | 10.07% | 12.89% | 13.92% | 11.32% | 11.23% | 5.06% | 4.42% | -5.71% | -1,703 bps | |
| Deposit Growth (YoY) | -0.58% | -5.92% | -6.20% | 4.36% | 12.73% | 3.71% | 3.44% | -10.83% | -1,519 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.21% | 0.00% | 0.00% | 0.00% | 0.38% | 0.99% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 6.29% | +629 bps | |
| Allowance / Loans | 1.29% | 1.27% | 1.24% | 1.20% | 1.15% | 1.21% | 1.28% | 1.09% | -11 bps | |
| Allowance Coverage of NPLs | n/a | 6.0x | n/a | n/a | n/a | 3.2x | 1.3x | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.70% | 9.65% | 10.19% | 9.35% | 9.17% | 8.37% | 9.18% | 8.68% | -67 bps | |
| Total Risk-Based Capital | 9.70% | 9.65% | 10.19% | 9.35% | 16.75% | 16.83% | 16.91% | 17.33% | +798 bps | |
| Equity / Assets | 9.16% | 10.16% | 10.11% | 9.57% | 8.81% | 9.92% | 10.29% | 10.81% | +124 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 53.43% | 57.19% | 59.42% | 58.13% | 52.72% | 57.93% | 59.98% | 61.47% | +334 bps | |
| Liquid Assets / Assets | 16.11% | 11.34% | 9.35% | 13.24% | 22.11% | 15.91% | 13.67% | 10.57% | -267 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |