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 (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.05% | -0.25% | 0.80% | 0.86% | 1.01% | 0.38% | 0.53% | 0.31% | -55 bps | |
| Return on Equity | 21.03% | -4.34% | 13.46% | 14.96% | 15.79% | 5.19% | 7.13% | 3.83% | -1,113 bps | |
| Net Interest Margin | 2.57% | 2.09% | 2.37% | 2.47% | 2.63% | 2.53% | 2.45% | 2.41% | -5 bps | |
| Efficiency Ratio | 58.72% | 94.54% | 65.71% | 66.19% | 60.72% | 85.29% | 79.02% | 86.81% | +2,062 bps | |
| Non-Interest Burden | 1.31% | 1.95% | 1.39% | 1.44% | 1.41% | 2.06% | 1.81% | 2.03% | +59 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 | 0.00% | 0.00% | 0.00% | 0.04% | 0.00% | 0.13% | 0.00% | 0.17% | +13 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 |