Watertown, SD · Cert 15289
FDIC · 175 branches
Q4 2021
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2021, the quarter ended December 31, 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.
Watertown, SD · Cert 15289
FDIC · 175 branches
Q4 2021
Market Position · Omaha-Council Bluffs, NE-IA · 2021 SOD (annual) · 4.4% share · #6 of 72 inst. · $1.6B of $36.8B
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 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -23.38% | -11.46% | -7.51% | -5.28% | 1.66% | 1.76% | 1.73% | 1.61% | +689 bps | |
| Return on Equity | -185.72% | -99.38% | -67.68% | -49.56% | 18.60% | 19.38% | 18.65% | 17.20% | +6,676 bps | |
| Net Interest Margin | 3.23% | 3.33% | 3.33% | 3.37% | 3.24% | 3.07% | 3.04% | 2.95% | -42 bps | |
| Efficiency Ratio | 59.43% | 63.00% | 66.92% | 60.17% | 46.89% | 48.33% | 50.62% | 51.13% | -904 bps | |
| Non-Interest Burden | 25.11% | 13.90% | 10.13% | 8.04% | 1.25% | 1.21% | 1.28% | 1.25% | -679 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -3.42% | -0.12% | -1.46% | -0.30% | 5.01% | 0.97% | 2.52% | 4.14% | +443 bps | |
| Loan Growth (YoY) | -0.80% | 4.32% | 3.81% | -1.12% | -7.04% | -17.80% | -18.77% | -14.54% | -1,341 bps | |
| Deposit Growth (YoY) | -3.10% | 8.51% | 6.64% | 12.24% | 13.57% | 3.38% | 2.66% | 3.34% | -890 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 2.24% | 2.66% | 3.23% | 3.07% | 3.16% | 2.48% | 2.42% | 1.96% | -111 bps | |
| Net Charge-Offs / Loans | 0.36% | 0.35% | 0.44% | 0.67% | 0.35% | 0.31% | 0.28% | 0.33% | -34 bps | |
| Allowance / Loans | 1.40% | 1.44% | 1.49% | 3.24% | 3.28% | 3.19% | 3.01% | 2.91% | -34 bps | |
| Allowance Coverage of NPLs | 0.6x | 0.5x | 0.5x | 1.1x | 1.0x | 1.3x | 1.2x | 1.5x | +0.4x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.21% | 9.23% | 9.32% | 9.69% | 9.98% | 10.14% | 10.59% | 10.68% | +99 bps | |
| Total Risk-Based Capital | 12.52% | 12.47% | 12.96% | 13.92% | 14.76% | 15.64% | 16.10% | 16.24% | +233 bps | |
| Equity / Assets | 9.89% | 9.47% | 9.76% | 8.87% | 8.95% | 9.44% | 9.87% | 9.73% | +86 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 94.93% | 92.18% | 91.23% | 83.44% | 77.71% | 73.29% | 72.18% | 69.00% | -1,443 bps | |
| Liquid Assets / Assets | 1.46% | 1.14% | 2.28% | 6.54% | 9.50% | 13.82% | 13.78% | 16.30% | +976 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |