PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of Orchard

Orchard, NE · Cert 16905

FDIC · 1 branch

Q3 2024

$32.8MAssets
$10.2MLoans
$28.2MDeposits
$4.4MEquity
Loan mix
17%RE $0.7M40%C&I $1.8M43%Consumer $1.9MQ4 2022Q3 2024
Deposit mix
78%Interest-bearing $22.1M22%Noninterest $6.1MQ4 2022Q3 2024

Executive Summary

  • Earnings: ROA of 1.33%, up 1 bps year over year; NIM at 2.99%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.19%, up 61 bps from a year ago.
  • Funding: loans stand at 36.11% of deposits as of Q3 2024.

Return on Assets (quarter, annualized)

1.33%+1 bps YoY

Net Interest Margin (quarter, annualized)

2.99%+26 bps YoY

Efficiency Ratio (quarter, annualized)

58.36%+344 bps YoY

Tier 1 Leverage Ratio

13.19%+61 bps YoY

NIM

3.09%Q3 ’223.85%Q3 ’234.32%Q3 ’24+4%+10%

Non-interest income vs. expense

1.78%Q3 ’221.72%Q3 ’231.96%Q3 ’24-8%+21%

Discrete quarter, annualized.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.52%1.17%1.22%1.32%0.50%1.40%1.15%1.33%+1 bps
Return on Equity4.08%9.12%9.69%10.55%3.90%10.95%9.22%10.38%-16 bps
Net Interest Margin2.73%2.58%2.68%2.73%2.84%2.88%3.13%2.99%+26 bps
Efficiency Ratio81.44%60.85%58.82%54.92%82.53%56.55%57.33%58.36%+344 bps
Non-Interest Burden2.13%1.44%1.43%1.32%2.29%1.48%1.65%1.59%+27 bps
Growth
Asset Growth (YoY)-0.84%-0.36%1.09%3.58%5.67%5.35%4.27%-2.67%-625 bps
Loan Growth (YoY)-12.18%-4.40%-5.49%30.37%23.58%44.57%40.69%13.74%-1,663 bps
Deposit Growth (YoY)-5.49%-1.12%0.32%3.27%9.90%5.26%4.40%-3.70%-697 bps
Asset Quality
Nonperforming Loans / Loans0.17%0.00%0.01%0.00%0.00%0.00%0.47%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%-0.04%0.00%0.00%0.00%0 bps
Allowance / Loans2.85%3.01%2.98%2.29%2.31%2.09%2.13%2.02%-27 bps
Allowance Coverage of NPLs17.1xn/a205.0xn/an/an/a4.6xn/an/a
Capital
Tier 1 Leverage Ratio12.21%12.73%12.44%12.58%12.39%12.93%12.08%13.19%+61 bps
Total Risk-Based Capital12.21%12.73%12.44%12.58%12.39%12.93%12.08%13.19%+61 bps
Equity / Assets13.06%12.66%12.43%12.59%12.96%12.66%12.26%13.45%+86 bps
Liquidity & Funding
Loans / Deposits28.30%24.26%23.41%30.57%31.83%33.32%31.55%36.11%+554 bps
Liquid Assets / Assets75.16%74.98%75.74%69.78%68.06%67.54%69.51%66.24%-355 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a