PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

State Bank of Wapello

Wapello, IA · Cert 15308

FDIC · 1 branch

Q3 2022

$43.8MAssets
$12.3MLoans
$38.8MDeposits
$5.0MEquity
Loan mix
68%RE $6.4M12%C&I $1.1M20%Consumer $1.9MQ4 2020Q3 2022
Deposit mix
78%Interest-bearing $30.3M22%Noninterest $8.5MQ4 2020Q3 2022

Executive Summary

  • Earnings: ROA of 0.73%, up 2 bps year over year; NIM at 2.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 13.25%, up 18 bps from a year ago.
  • Funding: loans stand at 31.74% of deposits as of Q3 2022.

Return on Assets (YTD, annualized)

0.73%+2 bps YoY

Net Interest Margin (YTD, annualized)

2.10%-13 bps YoY

Efficiency Ratio (YTD, annualized)

64.69%-545 bps YoY

Tier 1 Leverage Ratio

13.25%+18 bps YoY

NIM

2.69%Q3 ’202.37%Q3 ’212.22%Q3 ’22-11%-6%

Non-interest income vs. expense

1.88%Q3 ’201.72%Q3 ’211.73%Q3 ’22+0%-23%

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets0.86%0.73%0.79%0.71%0.62%0.28%0.71%0.73%+2 bps
Return on Equity6.10%5.30%5.74%5.18%4.62%2.28%5.82%6.07%+88 bps
Net Interest Margin2.39%2.44%2.32%2.24%2.16%1.83%1.89%2.10%-13 bps
Efficiency Ratio68.19%71.33%68.18%70.14%72.79%81.90%65.30%64.69%-545 bps
Non-Interest Burden1.52%1.67%1.52%1.50%1.51%1.45%0.99%1.16%-34 bps
Growth
Asset Growth (YoY)9.83%5.80%5.05%6.39%9.00%5.23%3.75%0.75%-564 bps
Loan Growth (YoY)-5.86%-5.61%-13.92%-4.05%-4.01%-0.34%0.98%-6.41%-237 bps
Deposit Growth (YoY)10.68%5.99%5.53%7.34%10.59%7.35%5.99%3.14%-420 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%-0.03%-0.03%-0.02%-0.02%0.10%0.03%0.01%+3 bps
Allowance / Loans0.44%0.46%0.50%0.48%0.52%0.51%0.53%0.53%+5 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio13.28%13.45%12.99%13.07%12.98%12.75%12.65%13.25%+18 bps
Total Risk-Based Capital29.40%30.52%30.94%29.98%31.45%31.45%33.35%34.60%+462 bps
Equity / Assets13.98%13.65%13.50%13.32%12.79%12.02%11.73%11.38%-194 bps
Liquidity & Funding
Loans / Deposits36.35%34.54%32.96%34.98%31.55%32.07%31.40%31.74%-324 bps
Liquid Assets / Assets38.85%26.28%47.82%40.35%41.52%46.77%32.25%23.49%-1,686 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a