Beloit, WI · Cert 14078
FDIC · 10 branches
Q3 2023
Market Position · Rockford, IL · 2023 SOD (annual) · 8.5% share · #5 of 22 inst. · $0.7B of $8.0B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.92% | 0.86% | 1.09% | 1.08% | 1.14% | 0.99% | 1.11% | -1.11% | -219 bps | |
| Return on Equity | 10.04% | 10.04% | 14.12% | 15.43% | 16.66% | 13.55% | 14.70% | -12.26% | -2,768 bps | |
| Net Interest Margin | 3.10% | 3.02% | 3.14% | 3.46% | 3.58% | 3.49% | 3.41% | -4.23% | -769 bps | |
| Efficiency Ratio | 71.27% | 71.87% | 75.82% | 66.86% | 63.93% | 67.88% | 63.94% | 45.97% | -2,089 bps | |
| Non-Interest Burden | 1.81% | 1.84% | 2.11% | 1.96% | 1.93% | 2.07% | 1.80% | -2.83% | -479 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 17.35% | 10.06% | 0.71% | 5.23% | -0.98% | -1.77% | -2.85% | 7.30% | +207 bps | |
| Loan Growth (YoY) | 4.55% | 2.24% | 14.38% | 16.37% | 10.19% | 7.76% | 1.72% | -5.01% | -2,138 bps | |
| Deposit Growth (YoY) | 21.20% | 12.27% | 3.11% | 8.54% | 0.01% | -3.83% | -2.60% | 3.39% | -514 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.76% | 0.68% | 0.53% | 0.42% | 0.39% | 0.35% | 0.34% | 0.56% | +14 bps | |
| Net Charge-Offs / Loans | 0.06% | 0.07% | 0.00% | 0.36% | 0.33% | 0.03% | 0.16% | -0.22% | -58 bps | |
| Allowance / Loans | 1.57% | 1.51% | 1.22% | 1.14% | 1.11% | 1.46% | 1.47% | 1.25% | +11 bps | |
| Allowance Coverage of NPLs | 2.0x | 2.2x | 2.3x | 2.7x | 2.9x | 4.2x | 4.3x | 2.2x | -0.5x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.31% | 8.29% | 8.21% | 8.38% | 8.56% | 8.66% | 8.89% | 5.97% | -241 bps | |
| Total Risk-Based Capital | 13.48% | 13.11% | 12.69% | 12.84% | 12.89% | 13.54% | 13.79% | 9.32% | -351 bps | |
| Equity / Assets | 8.99% | 8.05% | 7.43% | 6.57% | 7.12% | 7.56% | 7.48% | 10.51% | +394 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 59.28% | 60.62% | 63.17% | 61.36% | 65.32% | 67.93% | 65.97% | 56.37% | -499 bps | |
| Liquid Assets / Assets | 3.61% | 2.63% | 0.79% | 4.13% | 0.40% | 0.36% | 1.69% | 30.86% | +2,673 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |