Altoona, IA · Cert 15414
FDIC · 4 branches
Q3 2022
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2022, the quarter ended September 30, 2022, 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.
Altoona, IA · Cert 15414
FDIC · 4 branches
Q3 2022
Market Position · Des Moines-West Des Moines, IA · 2022 SOD (annual) · 0.5% share · #29 of 57 inst. · $0.2B of $31.3B
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 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.00% | 0.69% | 1.03% | 0.86% | 0.64% | 0.41% | 0.41% | 0.58% | -28 bps | |
| Return on Equity | 14.23% | 9.89% | 14.70% | 12.13% | 9.07% | 5.99% | 6.13% | 8.54% | -359 bps | |
| Net Interest Margin | 3.24% | 2.83% | 3.20% | 2.98% | 2.80% | 2.55% | 2.59% | 2.83% | -14 bps | |
| Efficiency Ratio | 79.00% | 81.24% | 74.65% | 77.75% | 82.17% | 82.86% | 83.16% | 78.36% | +61 bps | |
| Non-Interest Burden | 2.24% | 2.01% | 2.08% | 2.03% | 2.09% | 1.94% | 2.00% | 2.04% | +1 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 24.25% | 33.65% | 16.74% | 15.44% | 13.41% | 13.07% | 9.15% | 9.81% | -563 bps | |
| Loan Growth (YoY) | 28.42% | 26.13% | 3.45% | -4.02% | -0.46% | -0.04% | 1.76% | 7.07% | +1,109 bps | |
| Deposit Growth (YoY) | 24.55% | 34.54% | 16.28% | 14.71% | 13.62% | 13.34% | 9.98% | 10.28% | -443 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.51% | 1.47% | 1.59% | 1.80% | 1.46% | 1.46% | 1.37% | 1.44% | -36 bps | |
| Net Charge-Offs / Loans | 0.01% | -0.01% | -0.02% | 0.03% | 0.01% | -0.01% | 0.03% | 0.01% | -1 bps | |
| Allowance / Loans | 1.26% | 1.32% | 1.36% | 1.43% | 1.37% | 1.43% | 1.42% | 1.45% | +2 bps | |
| Allowance Coverage of NPLs | 0.8x | 0.9x | 0.9x | 0.8x | 0.9x | 1.0x | 1.0x | 1.0x | +0.2x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 7.26% | 7.11% | 7.12% | 7.20% | 6.97% | 7.03% | 6.60% | 7.07% | -13 bps | |
| Total Risk-Based Capital | 13.94% | 13.83% | 14.83% | 14.78% | 14.02% | 13.67% | 13.09% | 13.84% | -94 bps | |
| Equity / Assets | 7.12% | 6.89% | 7.09% | 7.24% | 7.02% | 6.67% | 6.42% | 6.85% | -39 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 72.68% | 67.32% | 64.16% | 61.72% | 63.68% | 59.37% | 59.36% | 59.93% | -180 bps | |
| Liquid Assets / Assets | 27.98% | 34.09% | 37.21% | 39.21% | 36.73% | 39.73% | 28.14% | 18.97% | -2,023 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |