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 |