Minnetonka, MN · Cert 19188
FDIC · 2 branches
Q3 2024
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2024, the quarter ended September 30, 2024, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
Banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=58). Each measure ranks only the institutions that reported it, so n varies by measure.
Peer groups below the disclosure floor are suppressed.
Capital
32
Asset Quality
41
Profitability
11
Liquidity
23
Efficiency
12
Growth
No peer data yet
Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.
Minnetonka, MN · Cert 19188
FDIC · 2 branches
Q3 2024
Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2024 SOD (annual) · 0.1% share · #62 of 132 inst. · $0.2B of $248.4B
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 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.90% | -0.25% | 0.32% | 0.50% | 0.63% | 0.38% | 0.45% | 0.40% | -9 bps | |
| Return on Equity | 14.15% | -4.34% | 5.58% | 8.70% | 10.33% | 5.19% | 6.13% | 5.24% | -345 bps | |
| Net Interest Margin | 2.46% | 2.09% | 2.24% | 2.31% | 2.40% | 2.53% | 2.51% | 2.51% | +20 bps | |
| Efficiency Ratio | 62.77% | 94.54% | 79.38% | 74.63% | 70.92% | 85.29% | 82.24% | 83.66% | +903 bps | |
| Non-Interest Burden | 1.33% | 1.95% | 1.68% | 1.60% | 1.56% | 2.06% | 1.95% | 2.00% | +41 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -7.24% | -7.86% | -5.16% | -4.89% | -5.93% | -5.71% | -5.10% | -5.50% | -61 bps | |
| Loan Growth (YoY) | 1.24% | 6.51% | 4.13% | 4.73% | 3.01% | 3.12% | 3.32% | 1.86% | -287 bps | |
| Deposit Growth (YoY) | -8.05% | -8.81% | -8.07% | -7.40% | -5.51% | -9.10% | -9.16% | -8.55% | -115 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.35% | 0.00% | 0.00% | 0.08% | 0.21% | 0.21% | 0.15% | 0.08% | 0 bps | |
| Net Charge-Offs / Loans | -0.13% | 0.00% | 0.00% | 0.01% | 0.01% | 0.13% | 0.07% | 0.10% | +9 bps | |
| Allowance / Loans | 1.34% | 1.32% | 1.32% | 1.28% | 1.29% | 1.24% | 1.23% | 1.18% | -10 bps | |
| Allowance Coverage of NPLs | 3.8x | n/a | n/a | 16.9x | 6.1x | 5.9x | 8.4x | 15.0x | -2.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.77% | 9.72% | 10.06% | 10.19% | 10.44% | 10.73% | 10.86% | 11.18% | +99 bps | |
| Total Risk-Based Capital | 9.77% | 9.72% | 10.06% | 10.19% | 10.44% | 10.73% | 10.86% | 11.18% | +99 bps | |
| Equity / Assets | 5.57% | 5.91% | 5.98% | 5.48% | 7.36% | 7.31% | 7.44% | 8.77% | +330 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 50.50% | 51.28% | 53.36% | 53.88% | 55.05% | 58.18% | 60.70% | 60.01% | +613 bps | |
| Liquid Assets / Assets | 2.20% | 3.95% | 3.09% | 4.30% | 3.23% | 2.62% | 2.68% | 2.03% | -227 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
Minnetonka, MN · Cert 19188 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=58)
FDIC · 2 branches
Q3 2024
Return on Assets
0.41%
Rank 52 of 58
Net Interest Margin
2.51%
Rank 51 of 58
Efficiency Ratio
83.66%
Rank 52 of 58
Equity / Assets
8.77%
Rank 29 of 58
| Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | 0.41% | 0.52% | 0.70% | 1.05% | Beats 10% | 52 / 58 | ||
| Return on Equity | 4.70% | 6.51% | 9.02% | 11.93% | Beats 12% | 51 / 58 | ||
| Net Interest Margin | 2.51% | 2.73% | 3.02% | 3.44% | Beats 12% | 51 / 58 | ||
| Efficiency Ratio | 83.66% | 63.60% | 70.80% | 79.09% | Beats 12% | 52 / 58 | ||
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 0.08% | 0.05% | 0.45% | 1.38% | Beats 66% | 21 / 58 | ||
| Net Charge-Offs / Loans | 0.12% | n/a | 0.01% | 0.03% | Beats 16% | 50 / 58 | ||
| Capital | ||||||||
| Tier 1 Capital Ratio | 11.18% | 10.88% | 13.57% | 15.43% | Beats 28% | 42 / 58 | ||
| Total Risk-Based Capital Ratio | 11.18% | 11.79% | 14.77% | 16.22% | Beats 17% | 48 / 58 | ||
| Equity / Assets | 8.77% | 7.59% | 8.77% | 10.37% | Beats 50% | 29 / 58 | ||
| Liquidity & Funding | ||||||||
| Loans / Deposits | 60.01% | 65.69% | 81.95% | 90.18% | 19th pctl | 47 / 58 | ||
| Loans / Assets | 53.64% | 58.32% | 68.99% | 77.59% | 19th pctl | 47 / 58 | ||
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||